Some quotations of Panxi ilmenite continued to rise in July, and the price of small and medium-sized ilmenite increased by 50-80 yuan per ton. up to now, Panxi Dachang 47 mine20 ilmenite is quoted at 2450-2550 yuan / ton, 46-mine10 ilmenite with tax-free transaction price at 2220-2250 yuan / ton, and 38 titanium ore without tax at 1600-1630 yuan / ton. The rise in market prices is mainly as follows: 1, due to the restriction of Panzhihua Iron and Steel Co., the output of raw ore is intensified again, the cost of medium ore is high, and the price goes up; 2, the price of raw materials is tight and high, and the concentrator is understarted. Concentrate quotation is firm and uplink; 3, the downstream titanium dioxide market starts to pick up, and the supply and demand of titanium ore maintains a tight balance. The supply of Panzhihua Mine continues to be tight, the quotations of miners continue to rise, and the price gap between Panxi and Panxi factories continues to narrow, while the downstream titanium dioxide market is weak, the cost pressure is great, and the titanium ore market is deadlocked. Due to high prices, the price increase of titanium ore is limited, and the market is expected to continue to run firmly.
The price of imported titanium ore remains stable, with Mozambican titanium ore at US $370 / ton and Kenya 47-49 mine at US $360 / tonne. the downstream market demand continues to be weak and the market price has declined, while imported ore is still tight and the price is strong. According to customs statistics, from January to June 2024, China imported a total of about 222.70 tons of ilmenite (containing medium ore), an increase of 2.14% over the same period last year. Most mainstream imports of ilmenite decreased, while downstream production increased this year and demand for ilmenite increased. Coupled with the decline in Panzhihua production, the market supply and demand maintained a tight balance. Terminal demand has declined, and the price of titanium ore has been basically stable.
Titanium slag
The acid slag market is weak and stable this month. Up to now, the factory price including tax in Sichuan is 5820-5870 yuan / ton, and that in Yunnan is 5000-5100 yuan / ton. The price of acid slag is increased, the cost price of acid slag is increased, the price is strong, and titanium dioxide enterprises are under great pressure. the price of titanium ore is high, and the price of acid slag will operate steadily.
The high titanium slag market maintained a weak operation, the bidding price in July was 200yuan / ton lower than that in June, 90% low calcium magnesium high slag price was 7600 yuan / ton, and 85% low calcium magnesium high titanium slag bidding price was 6800 yuan / ton, which was 200 yuan / ton lower than that of the previous month. Due to the decline in market demand, the high slag market is under pressure, the market starts to decline again, and the high slag shipping pressure is high, and the price remains weak. The price of raw material ilmenite is high and firm, the production cost of high slag is under great pressure, the price of high slag is low, the relationship between supply and demand in the market is out of balance, and the price will continue to operate at a low level.
Titanium tetrachloride
Titanium tetrachloride market is stable, the current market price is 6100-6500 yuan / ton, the price of liquid chlorine has dropped this month, the price of high slag is low, and the price of titanium tetrachloride in some areas has been adjusted; the price of titanium tetrachloride downstream has dropped, and titanium tetrachloride enterprises are under pressure. the price of titanium raw materials is still high, the production cost of titanium tetrachloride is high, and it is expected that the titanium tetrachloride market will operate stably in the later stage.
Titanium dioxide
The titanium dioxide market is running firmly in July. Up to now, the factory price of rutile titanium dioxide in China is 14800-16200 yuan / ton, and that of anatase titanium dioxide is 13800-14200 yuan / ton. Due to the inspection and repair of some enterprises in the early stage, the manufacturers have removed more inventory, and the supply of some brands has been tight this month. At the beginning of this month, the price of individual brands in the dragon-enterprise chlorination method was reduced by 500 yuan / ton, and the dealers completed the price of excess tasks this month to implement preferential policies. Due to the shortage of Sichuan brands, the terminal quotation was raised by 300 yuan / ton at the end of the month, while the prices of other enterprises remained firm due to the influence of cost. the prices of raw materials titanium ore and sulfuric acid are high, the cost and price of titanium dioxide is increased, and the production pressure is greater. In the off-season of the market, the demand is still weak, and the pressure of market competition is great. In the early stage, some enterprises with maintenance plans have delayed maintenance, and the start of the market will pick up somewhat in July. The export volume of titanium dioxide enterprises to Europe has decreased this month, and the export volume of India and Brazil has increased significantly compared with the previous month, but the terminal market is still in the doldrums, the operation pressure of titanium dioxide market is greater, and the high price of raw materials has a certain support for titanium dioxide prices. however, the price rise is still lack of favorable factors, and the titanium dioxide market will be discussed one by one in the short term.
Sponge titanium
In July, the operation of sponge titanium is weak, the mainstream price of first-grade sponge titanium is about 48000 yuan / ton, individual low-price sources continue to appear in the market, the demand support of downstream military market is insufficient, the market demand for civilian products is weak, and the market supply of sponge titanium is sufficient. The market supply surplus gradually appears, the enterprise shipping pressure is great, the price is weak and downward, and the raw material cost remains high, the actual transaction price is on the low side. The price of sponge titanium is close to the cost line, and the market of sponge titanium is weak and stable.
Market forecast for August:
1. The market supply is shrinking, and the price of titanium ore is weak and strong.
2. the demand is weak, the cost is high, and the price of titanium dioxide is strong.
3. The supply and demand of sponge titanium market is out of balance, and the price continues to operate weakly and stably.
