(8.16-8.22) Titanium Weekly Review

Ilmenite

The market price of titanium ore is basically stable 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. Affected by the supply of raw materials, the price of titanium concentrate remains high, the downstream market operation is under pressure, the enterprise cost pressure is great, the market price of titanium ore is difficult to rise and fall, the overall supply is balanced, and the market price is expected to maintain stable operation.

The market for imported titanium ore is operating stably for the time being. 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 price of titanium ore is high, the downstream cost pressure is great, and the chlorination market is high, while the supply of imported ore is still tight, and prices will continue to run firmly.

Titanium slag

The market of high titanium slag is basically stable. The bidding price of 90% low calcium magnesium high titanium slag in northern enterprises includes tax to 7390 yuan / ton, which is 210yuan / ton lower than that of last month. The price of titanium raw materials is high, the production pressure of high slag enterprises is high, and the downstream market remains in the doldrums. The price is expected to run weakly and steadily in the later stage.

The acid slag market is 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 raw material price is high, the acid slag production cost is high, the downstream market is weak, and the acid slag market is under pressure. the price is weak and stable.

Titanium tetrachloride

The market price of titanium tetrachloride is basically stable this week. at present, the market price of titanium tetrachloride is 6200-6500 yuan / ton. the enterprise cost pressure is great, which has a certain support to the market price. due to the low market price, some enterprises in the market are underemployed, the supply is basically balanced, and the market price runs smoothly.

Titanium dioxide

The titanium dioxide market is strong and stable this week. Up to now, the factory price of rutile titanium dioxide in China is 14800-15600 yuan / ton, and that of anatase titanium dioxide is 13800-14200 yuan / ton. Domestic demand is still weak, new orders of market enterprises are weak, enterprises mainly deliver pre-hand orders, individual enterprises arrange orders until September. In addition, the cost is still high, due to the decline of sulfuric acid prices in Sichuan, the cost pressure of Panzhihua titanium dioxide enterprises has been alleviated, but the demand follow-up is not good, and the rising price of titanium dioxide is insufficient. The export data of titanium dioxide remained good in July, with the export volume of titanium dioxide at 159600 tons, an increase of 17.50% over the same period last year. From January to July 2024, titanium dioxide exports totaled 1.1322 million tons, an increase of 16.47% over the same period last year. In addition, there will still be new production capacity released in the market in the second half of the year. Supply is expected to continue to increase, and the export market will maintain steady growth. However, the economy is still recovering this year, and with the arrival of the "Golden Nine Silver Ten" in the later stage, the demand for titanium dioxide will also be under pressure, and the market price will be discussed one by one.

Sulfuric acid

The sulphuric acid market in China is deadlocked this week. Up to now, 98% of the smelting acid prices in Yunnan are 360-450 yuan / ton, and 98% of the smelting acid prices in Guizhou are 450-550 yuan / ton. The downstream phosphate fertilizer market demand remains stable this week, but due to the high acid price, the start-up of sulfuric acid plants in some areas has increased, and the sulphuric acid demand has decreased compared with the previous period. After the previous sharp reduction of the acid price in Yunnan, the start-up of the downstream of the region has increased, and the acid price of individual acid plants has increased, but the surrounding acid price is still higher than that of the surrounding acid plants, but the inventory pressure of acid plants in most areas of southwest China is not great, and the quotation of acid plants is relatively strong; acid prices in the northern region continue to be stable, enterprises maintain rigid demand procurement, supply and demand play games, and market prices remain stable. On the whole, the sulphuric acid market is divided into regions, the wait-and-see mood of enterprises is still strong, and price shocks in some areas are adjusted.

Sponge titanium

Sponge titanium market to maintain stable operation this week, the first-class sponge titanium transaction price of 4.7-48000 yuan / ton, individual prices are low; sponge titanium enterprises production stability, market supply and demand is still out of balance, the recent raw material magnesium ingot prices slightly reduced, but titanium raw material prices are high, enterprise production pressure, and sponge titanium prices remain low, price losses, sponge titanium market weak operation.

Future forecast:

1. The supply of titanium ore is tight and balanced, and the market price is high.

2. The cost of titanium dioxide is high and the market price is stable.

3. The market of titanium sponge is in the doldrums, and the price is weak and stable.