(4.19-4.25) Titanium Weekly Review

Ilmenite

The market price of titanium ore is weak and stable this week. up to now, the transaction price of 46jing10 ilmenite from small and medium-sized manufacturers is 2240-2260 yuan / ton, the price of 47jing20 ilmenite is 2350-2480 yuan / ton, and the tax-free quotation of 38pai42 titanium ore is 1580-1600 yuan / ton. the operation of downstream titanium dioxide market is weak, and there is some pressure on miners to ship, and the price of small and medium-sized titanium ore is adjusted in the range of 30-40 yuan / ton. Under the influence of the market, some large factories in Panxi were overhauled and stopped production, individual enterprises resumed production this week, individual enterprises still stopped production, the supply of titanium ore was reduced, and the prices of large factories remained stable for the time being; titanium ore is high, and downstream enterprises purchase rigid demand, and enterprises are more cautious in purchasing, but the price of titanium dioxide downstream is weak, and the titanium ore market is still under pressure in the later period.

The market for imported titanium ore is running steadily. so far, the price of titanium ore in Mozambique is US $370 / ton and that of 47-49 in Kenya is US $360 / ton. The price of climbing ore is high, the cost pressure of downstream enterprises is great, and enterprises purchase more imported ilmenite. With the gradual release of new production capacity in the downstream market, the demand for ilmenite increases again. According to customs data: in March 2024, China imported 478900 tons of ilmenite (containing medium ore wool ore), an increase of 22.87% month on month and 11.23% over the same period last year. The amount of imported ilmenite gradually increased, and the increment basically increased for gross ore. The supply of titanium ore is still in a tight situation, and the market price is stable.

Titanium slag

The operation of the high slag market is temporarily stable, the market price of 90% low calcium magnesium high titanium slag is 7750-7800 yuan / ton, the bidding price of high slag in April is the same as that in March, the start of the high slag market remains low, and the demand of the downstream market has not improved. The supply and demand of the high slag market is basically balanced; the downstream titanium chloride market is weakening, and the high slag market is expected to continue to operate weakly and stably.

The acid slag market has remained stable this week, so far, the factory price including tax in Sichuan is 5820-5920 yuan / ton, and the factory price in Yunnan is 5300-5400 yuan / ton; the market demand for acid slag is stable, but the raw material cost of titanium dioxide market downstream is under great pressure. Yunnan acid slag market price pressure is strong, Sichuan acid slag supply is reduced, acid slag market supply and demand game, market prices temporarily maintain stability.

Titanium tetrachloride

Titanium tetrachloride market remains stable, the current titanium tetrachloride market price is 6300-6800 yuan / ton, the price of raw material liquid chlorine fluctuates slightly downward recently, the price of titanium slag remains weak and stable, the price of titanium tetrachloride is at the edge of the cost line, and the sales volume outside the market is low. downstream titanium sponge market demand is good, titanium tetrachloride market is expected to run firmly in the later stage.

Titanium dioxide

There is a strong wait-and-see mood in the titanium dioxide market this week. Up to now, the factory price of rutile titanium dioxide in China is 15800-17200 yuan / ton, and that of anatase titanium dioxide is 14800-15400 yuan / ton. The domestic market is weak, and there is great pressure on enterprises to ship goods. The prices of individual enterprises in southwest China have been lowered by 200,500 yuan / ton this week, and most other enterprises have temporarily maintained stability. The export market of titanium dioxide remains good. According to customs data, in March 2024, China exported 196100 tons of titanium dioxide, an increase of 46.72% over the previous month and 29.61% over the same period last year. Supported by the export market, most Chinese enterprises have no inventory for the time being. As the market enters the off-season, downstream enterprises are still cautious in purchasing, and the market price of titanium dioxide is discussed one by one, although the cost of raw materials has fallen slightly, the cost is still high, the price decline of titanium dioxide is limited, the price before the festival is expected to be strong, and the demand continues to be poor. The price of titanium dioxide is expected to decline slightly after the festival.

Sulfuric acid

China's sulphuric acid market is running weakly and steadily this week, and individual prices are mixed. Up to now, 98% of the smelting acid prices in Yunnan market are 460-550 yuan / ton, and 98% in Guangxi are 520-580 yuan / ton. The demand of the main downstream of sulfuric acid has weakened, the demand of titanium dioxide and other industries has remained stable, and the supply and demand of the sulfuric acid market is basically balanced, but the shipments of acid plants in some areas are still under some pressure, the market transaction atmosphere is weakened, and prices in some areas are profitable. Acid factories in other areas wait and see for the time being, China's sulphuric acid market is gradually divided, and the sulphuric acid price range is fluctuating.

Sponge titanium

This week, the sponge titanium market maintained stable operation, the market level 1 sponge titanium mainstream market price is 5.2-54000 yuan / ton, with the gradual release of new market production capacity, market supply increases; sponge titanium downstream emerging market demand increases, and the export market is good, the market supply and demand to maintain a balance, the market continues to operate temporarily.

Future forecast:

1. The supply of titanium ore is reduced, and the price is firm.

2. The market demand of titanium dioxide is weak, and the price of titanium dioxide is weak.

3. The demand for titanium sponge is stable, and the price will run steadily.