(5.24-5.30) Titanium Weekly Review

Ilmenite

This week, the market price of titanium ore is weak and stable. up to now, the transaction price of 46jing10 ilmenite from small and medium-sized manufacturers is 2160-2180 yuan / ton, the price of 47jue 20 ilmenite is 2450-2550 yuan / ton, and the tax-free quotation of 38pai42 titanium ore is 1520-1550 yuan / ton. the cost of medium ore is high, the cost pressure of small and medium-sized factories is high, the quotation of miners is strong, and individual enterprises do not quote for the time being. Affected by the news of the downward adjustment of titanium dioxide prices downstream this week, enterprises have a wait-and-see mentality, and the market price pressure is strong; Yunnan titanium mine construction is still insufficient. It is reported that mine start-up in Chengde area is also limited due to the impact of environmental inspection. With the weakening of the downstream market, the titanium ore market continues to operate under pressure.

The market price of imported titanium ore is stable. up to now, the price of titanium ore in Mozambique is US $370 / ton and that of 47-49 ore in Kenya is US $360 / tonne. the supply of titanium raw materials is still tight, China's imported titanium ore supply is insufficient, and foreign prices are strong; downstream prices are low, and some enterprises may have production reduction plans in the later stage, the market demand is weak, and titanium ore prices will continue to be weak to maintain stability.

Titanium slag

High slag market is weak to maintain stability, 90% low calcium magnesium high titanium slag market price is 7800-7900 yuan / ton, northern enterprises began a new round of bidding this week, the downstream market is weak, according to market rumors, the bidding price may be lowered, the raw material titanium ore is high, the production pressure of slag plant is great, and the market start-up drop continues to be low.

Weak operation of the acid slag market, so far, the factory price including tax in Sichuan is 5820-5870 yuan / ton, and the factory price in Yunnan is 5300-5400 yuan / ton; the titanium dioxide market is weak, and the high price transaction pressure is great; in June, during the flood season in Yunnan, the electricity price drop has declined, the production cost of the slag plant has been alleviated, coupled with the continuous decline of titanium dioxide price, the price of some acid slag will be weak in the later stage.

Titanium tetrachloride

The market price of titanium tetrachloride remains stable. At present, the market price of titanium tetrachloride is 6300-6800 yuan / ton. The price of titanium tetrachloride downstream is low, and the market continues to be weak. Titanium tetrachloride market continues to bear pressure, and the market is weak and stable.

Titanium dioxide

This week, the price of some enterprises in the titanium dioxide market is still weak, with a range of about 200yuan / ton. up to now, the tax-containing ex-factory price of rutile titanium dioxide in China is 15200-16600 yuan / ton, and the tax-containing ex-factory price of anatase titanium dioxide is 14200-14800 yuan / ton. the domestic demand market continues to be weak, the new market transaction is weak, the market is weak, and the prices of some enterprises continue to decline slightly. This week, dragon enterprises reported that the implementation price reduction in June was more than 1000 yuan / ton, and the price reduction of the boss was relatively large, and the market impact was great, but the prices of most small and medium-sized manufacturers have basically been reduced to less than 16000 yuan / ton. the downward adjustment of some enterprises is expected to be 300-500 yuan / ton, individual decline may be larger. While the cost price is still high, some titanium dioxide enterprises are difficult to balance profits and losses, individual enterprises will store maintenance plans in June, the market off-season, enterprises are pessimistic, market competition pressure is high, titanium dioxide market will continue to be weak.

Sulfuric acid

This week, China's sulphuric acid market is basically stable, and prices in some regions are adjusted in a narrow range. Up to now, 98% of ore acid prices in Shandong are 170-230 yuan / ton, 98% smelting acid prices are 30-260 yuan / ton, and 98% smelting acid mainstream prices in Hunan are 170-300 yuan / ton. acid plants in some areas resumed production this week, and market supply increased. Downstream phosphate fertilizer market off-season, coupled with the weakening titanium dioxide market, sulfuric acid shipments pressure, greater transaction pressure in some areas, new unit prices have slightly reduced; Jiangxi, Zhejiang, Hubei and other places due to the surrounding demand to pick up, acid plants in hand orders increased, prices have a small increase; at present, the overall sulphuric acid market supply and demand to maintain a weak balance, enterprises wait and see mood is strong, sulfuric acid prices are expected to continue to fluctuate in the short term.

Sponge titanium

This week, the sponge titanium market is weak and stable, and the market operation is still in the doldrums. The transaction price of grade 1 sponge titanium is in the range of 52000 yuan / ton. Due to the substantial increase in sponge titanium production in China and Panzhihua Iron and Steel Co., the monthly production growth rate is fast. According to Tu duo statistics, the sponge titanium production in May is expected to be about 23000 tons, while the downstream demand is weak, the sponge titanium market is in excess supply, the enterprise inventory pressure is increasing, and the price is expected to remain weak.

Future forecast:

1. Downstream prices are weak, and ilmenite prices are expected to be weak to maintain stability.

2. the overall market demand is still weak, and the price of titanium dioxide continues to be weak.

3. Titanium sponge is in excess supply, and the price will continue to be weak.