June 2024 Titanium Products Market Overview

The market price of Panxi ilmenite bottomed out and rebounded slightly in June. The cumulative increase of 46jing10 and 38 ilmenite was 20 yuan / ton and 40 yuan / ton, respectively. The price of Dachang remained stable. Up to now, the tax-free transaction price of Panxi 47 ilmenite is 2450-2550, 2450-2550, 46 and 10, and the tax-free transaction price of 38 ilmenite is 1530-1550 yuan / ton. The main factors for the price rise of titanium ore this month are as follows: 1. Panzhihua Iron and Steel Company continues to control the output of raw ore, and the supply of raw ore is tight; 2. The price of intermediate ore is high, and Longbai continues to purchase titanium ore this month, and the spot market is tight. Small and medium-sized factories are underemployed; 3, the downstream titanium dioxide market is high, the titanium ore is understarted, and the cost is high and the inventory is small. However, the terminal demand is weak, the price of titanium ore is high, the cost pressure of downstream titanium dioxide enterprises is greater, the game of market supply and demand, the price of titanium ore is expected to be difficult to rise, and the price is expected to operate steadily.

The market price of imported titanium ore is strong, with Mozambique's price at US $370 per ton and Kenya's 47-49 mine at US $360 per ton. Downstream titanium slag and titanium dioxide market prices continue to decline, market demand is weak, domestic individual concentrator prices have a small discount, according to customs statistics, the import of titanium ore this year is relatively small, mainstream titanium ore Mozambique, Vietnam, Kenya have decreased in varying degrees, sulfuric acid titanium ore Norway, Egypt and other countries have increased imports, while this year's downstream production has increased, the demand for titanium ore has increased, coupled with the decline in Panzhihua production. At present, the market supply and demand is basically balanced, and the price of ilmenite is basically stable.

Titanium slag

Part of the acid slag market price is weak this month. Up to now in Yunnan, the factory price including tax in Sichuan is 5820-5870 yuan / ton, and that in Yunnan is 5000-5100 yuan / ton. In Sichuan, acid slag is underemployed, while titanium dioxide is at a high level. The price of acid slag is stable; due to the influence of flood season in Yunnan, the price of acid slag has been reduced by 300 yuan / ton this month. The price of raw materials is strong, the cost of acid slag is high, and the late start of the downstream titanium dioxide market will decline, and the acid slag market will operate under pressure.

The high titanium slag market continues to operate weakly. The tender price in June was 50 yuan / ton lower than that in May, and the price of 90 low calcium and magnesium slag was 7800 yuan / ton. due to the decline in the price of products in the downstream market, the price of high slag is under pressure, and some prices have already lost money. it is reported that the bidding and purchasing prices of other enterprises in the market are on the low side recently, and the shipping pressure of high slag enterprises is great, and the market operating rate remains low. At present, the price of titanium ore remains high, while the downstream market continues to be weak, and market participants are more bearish on the future market, and the market is more waiting for the tender prices of northern enterprises in July, and it is expected that the titanium slag market will continue to be weak.

Titanium tetrachloride

Titanium tetrachloride market continues to maintain stability, titanium tetrachloride market price is 6300-6800 yuan / ton, liquid chlorine prices fluctuated downward this month, titanium raw material prices remain high, the cost remains high, there is a certain support for market prices, titanium tetrachloride market as a whole is relatively stable; while the downstream sponge titanium price remains low, titanium tetrachloride price is difficult to rise, the later price is expected to continue to operate steadily.

Titanium dioxide

The titanium dioxide market still declined by about 500 yuan / ton in June. up to now, the tax-containing ex-factory price of rutile titanium dioxide in China is 14800-16200 yuan / ton, and that of anatase titanium dioxide is 13800-14200 yuan / ton. due to the weak market demand, the market price of titanium dioxide was lowered collectively at the beginning of the month, resulting in great pressure of market competition. With the reduction of the price of titanium dioxide, the new orders of some enterprises increased, but the start of the market continued to be high, the inventory pressure of some brands increased, the enterprises took more measures to reduce production, and the market was off-season. the demand is difficult to pick up in the short term, and the maintenance enterprises increased in July. According to Tuduoduo incomplete statistics, about 15 enterprises in the market arranged maintenance in July, and the start of titanium dioxide will decline. The initial anti-dumping duty rate in the European Union this month is 14.4% Murray 39.7%. The implementation time has not yet been announced, but exports to some countries are still restricted; while international titanium dioxide enterprises Komo, Teno, Panergy, Konos and Ishihara have sent letters this month that the price of titanium dioxide in the Asia-Pacific region will be increased by US $100-200 per ton from July 1, and the price of international titanium dioxide enterprises will also be adjusted again in July. But this year the market demand is still weak, the raw material cost remains high, some titanium dioxide enterprises are difficult to have a large price reduction space, the actual transaction will be discussed one by one.

Sponge titanium

In June, the sponge titanium market is stable and weak, and the mainstream price of first-grade sponge titanium is between 49 yuan and 50000 yuan per ton. this year, the market supply of sponge titanium continues to increase, but the market demand is weak, the pressure of sponge titanium enterprises increases again, some enterprises have inventory, and the market is weak. Downstream enterprises wait and see, the shipping pressure of sponge titanium manufacturers is large, and the market price is stable and weak. The market is weak, and the demand for new growth point 3C electronics is also limited, the situation of enterprise shipments has not been improved, and the price of titanium sponge will continue to be weak.

Market forecast for July:

1. The market supply is greatly reduced, and the price of ilmenite is weak and strong.

2. The market demand for titanium dioxide is weak, and the price will continue to operate weakly and stably.

3. The market demand of sponge titanium is weak, and the price continues to operate weakly and stably.