(8.2-8.8) Titanium Weekly Review

Ilmenite

The price of Panzhihua Mine is high and slightly upward this week. Up to now, the transaction price of 46 miner 10 ilmenite from small and medium-sized manufacturers is 2230-2260 yuan / ton, the price of 47 miner 20 is 2400-2500 yuan / ton, and the tax-free quotation of 38 titanium ore is 1620-1650 yuan / ton. Panxi raw material supply continues to be tight, the intermediate ore price is high, the cost pressure of the water concentrator is high, the operating rate is low, most of the concentrators remain shut down, and there is no more inventory in the market as a whole. While the downstream market continues to be weak, the early prices of large factories are higher, and there are stocks, and the price difference between Chengde and small and medium-sized manufacturers has narrowed; the mine safety inspection in Chengde area has been completed, and the market operating rate has also increased compared with last month; titanium concentrate prices are high, downstream titanium dioxide production pressure is greater, the market is deadlocked, and the market price is expected to maintain stable operation.

The market price of imported titanium ore remains stable. So far, the price of titanium ore in Mozambique is US $370 / ton and that of 47-49 in Kenya is US $360 / tonne. Downstream cost pressure is great, the supply of titanium ore in the market is still in tight balance, and the downstream market is operating at a high level. however, due to cost, the price of imported ore continues to run firmly.

Titanium slag

The market of high titanium slag is still weak, and northern enterprises have begun a new round of bidding. Compared with July, the bidding volume has decreased, the downstream demand has decreased, the market supply of high slag is still relatively sufficient, the market price is low, and the production pressure of enterprises is greater. Market weak operation, due to the high cost of raw materials, the price of high slag is not expected to decline more in the later stage.

The acid slag market remains 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 cost of raw materials remains high, the production cost of acid slag is high, and the downstream titanium dioxide market is in the doldrums. Acid slag enterprises are under pressure, and the market price will operate steadily.

Titanium tetrachloride

Titanium tetrachloride market operates smoothly, the current market price of titanium tetrachloride is 6300-6800 yuan / ton, the market of liquid chlorine is weak, the price is low, the cost of titanium tetrachloride is alleviated, but the market transaction is relatively stable, and the relationship between supply and demand is basically balanced. Titanium tetrachloride market maintains stable operation.

Titanium dioxide

There is a strong wait-and-see atmosphere in the titanium dioxide market this week. Up to now, the taxable ex-factory price of rutile titanium dioxide in China is 14800-15600 yuan / ton, and that of anatase titanium dioxide is 13800-14200 yuan / ton. In 2024, the economy continues to recover, the paint market demand is weak, and the paper industry is also faced with anti-dumping and other events, the market operation is weak, the price is low. In July, due to the implementation of preferential policies and the influence of European demand, the leading enterprises had better orders on hand, but the terminal demand was weak. The shipments of some enterprises this week were weaker than those of the previous period, and the pressure of market operation increased, while the price of some previous increases also fell. The price fluctuates in the range of 100-200 yuan / ton. The cost of raw materials remains high, the market price of titanium dioxide remains strong, the devices of individual enterprises in southwest, eastern and northeast regions are overhauled, and the rest of the enterprises basically return to full-load production; however, affected by market demand, the supply of titanium dioxide increases one after another, some market people are still more pessimistic, the wait-and-see mood of enterprises is strong, the price is under upward pressure, and the market price is discussed one by one.

Sulfuric acid

This week, the domestic sulphuric acid market is basically stable, and prices in some regions have been adjusted slightly. Up to now, 98% of smelting acid in Henan Province has a transaction price of 250-330 yuan / ton, 98% of smelting acid in Shandong Province has a factory price of 80-370 yuan / ton, and 98% of sulfonic acid has a factory price of 350-420 yuan / ton. the previous overhaul acid plants have gradually returned to full capacity production, and there are also major acid plants for overhaul, and the overall domestic supply has increased this week. The demand of the downstream chemical fertilizer industry is relatively stable, the production and marketing of acid enterprises in most areas are basically balanced, and the sulphuric acid market price is temporarily stable; in some areas, due to the downturn of the downstream titanium dioxide industry, coupled with the impact of new production capacity in the region, the atmosphere is relatively pessimistic; on the whole, the game between supply and demand in the sulphuric acid market, enterprises have a strong wait-and-see mood, and market prices maintain stable operation.

Sponge titanium

This week, the sponge titanium market is temporarily stable, the transaction price of grade 1 sponge titanium is between 4.7 yuan and 48000 yuan / ton, the downstream market demand is weak, the price of sponge titanium is low, the whole process enterprises also lose money, the market turnover is weak, and the inventory pressure of some enterprises is bigger. the market is weak.

Future forecast:

1. The supply of titanium ore maintains a tight balance, and the market runs firmly.

2. The demand for titanium dioxide is weak, the cost is high, and the price is firm.

3. The demand for titanium sponge is weak, and the price is weak and stable.