(6.14-6.20) Titanium Weekly Review

Ilmenite

The titanium market is stable this week, and the quotations of small and medium-sized miners are still strong. up to now, the transaction price of 46jin10 ilmenite from small and medium-sized manufacturers is 2160-2200 yuan / ton, the price of 47mine 20 is 2450-2550 yuan / ton, and the tax-free quotation of 38542 titanium ore is 1520-1550 yuan / ton; the supply of raw materials continues to be tight, the intermediate ore price is high, the production cost pressure is high, and some concentrators choose to process the production upside down, the supply of titanium concentrate is reduced. The downstream titanium dioxide market is weak and stable, and the cost is high, and the enterprise starts to decline, but the titanium ore is affected by the cost, and the market supply is tight, the prices of small and medium-sized miners continue to be strong, and the market is difficult to rise and fall.

The market for imported titanium ore continues to maintain stability. So far, the price of titanium ore in Mozambique is US $370 per ton, while that of 47-49 ore in Kenya is US $360 per ton. The supply of mainstream imported ilmenite decreased and prices remained firm. From January to May 2024, China imported 1.9254 million tons of ilmenite, an increase of 3.38% over the same period last year, while Mozambican imports decreased by 8.75%, a decrease of about 87700 tons. the rest of the imported ilmenite imports have different increases and decreases; the overall opening of the downstream market is high, coupled with the sea freight prices continued last week, foreign offers also maintained a strong operation.

Titanium slag

The market price of high titanium slag is still weak. The market price of 90% low calcium magnesium high titanium slag is 7800 yuan / ton, which is 50 yuan / ton lower than that of last month. Due to the decline in market demand, the start-up of titanium slag continues to be low, and production in some areas of Inner Mongolia has resumed recently. The supply of high slag is expected to increase next month. Liaoning area high slag plant is still off peak production, raw material cost is high, production pressure is high, and the future continues to be bearish, high slag price will continue to be weak operation.

The acid slag market is weak and stable, so far, the factory price including tax in Sichuan is 5820-5870 yuan / ton, and the factory price in Yunnan is 5000-5100 yuan / ton; the climbing price is firm, the price of miners is up, the cost of acid slag is increasing, and the downstream cost pressure is great. The price of acid slag will operate steadily.

Titanium tetrachloride

Titanium tetrachloride market price continues to maintain stability, the current titanium tetrachloride market price is 6300-6800 yuan / ton, the enterprise cost pressure, has a certain support to the market price, the downstream sponge titanium price is low, titanium tetrachloride price is difficult to rise.

Titanium dioxide

The titanium dioxide market is weak and stable this week; up to now, the factory price of rutile titanium dioxide in China is 14800-16200 yuan / ton, and that of anatase titanium dioxide is 13800-14500 yuan / ton. In the off-season of the market, the demand continues to be weak, the inventory pressure of some manufacturers is greater, and the number of maintenance enterprises has increased. According to Tu many incomplete statistics, the impact of market maintenance is expected to be about 1.3-15000 tons in June, and there will be another enterprise maintenance plan in July. Titanium dioxide market starts to decline The export market maintained well. According to customs data, China's titanium dioxide export volume was 149300 tons in May 2024, an increase of 3.22% over the same period last year and a decrease of 5.14% compared with the previous year. Although the initial anti-dumping duty rate of the European Union has not been disclosed, the export support of titanium dioxide remains strong in the short term; the supply of raw material titanium ore is reduced, the price is strong, the enterprise cost pressure is strong, and the prices of some manufacturers maintain the edge of the cost line. Domestic demand continues to be weak, the market is also more cautious wait-and-see, affected by the cost, some titanium dioxide enterprises are difficult to have a large reduction space, titanium dioxide transaction price is discussed one by one.

Sulfuric acid

Prices in China's sulphuric acid market have risen steadily this week. Up to now, 98% of smelting acid prices in Yunnan market are 560-650 yuan / ton, and 98% of smelting acid prices in Hubei are 300-370 yuan / ton. Downstream phosphate fertilizer market demand is strong, and the early maintenance of acid plants in some areas, the market supply is tight, acid prices in some areas have been raised one after another this week In the short term, acid plants in individual areas are still undergoing plant maintenance, the inventory of manufacturers is low, and prices continue to rise; although the start-up of the chemical industry has declined, the market has maintained rigid demand procurement in the short term, the overall market supply and demand has maintained a tight balance, and the sulphuric acid market continues to operate strongly.

Sponge titanium

This week, the market price of sponge titanium is stable, the transaction price of grade 1 sponge titanium is 51000 yuan / ton, the start of the sponge titanium market is high, the price is low, the rigid demand of downstream enterprises is purchasing, the inventory of some enterprises is under pressure, and the market export orders have increased. however, the market supply and demand is still out of balance, and the sponge titanium market continues to operate weakly and steadily.

Future forecast:

1. The supply and demand of titanium ore market is reduced, and the price is strong.

2. the market is off-season, the demand is still weak, and the titanium dioxide market is weak and stable.

3. The price of titanium sponge is low and the price will continue to be weak and stable.