September 2024 Titanium Products Market Summary

The market of titanium ore is stable and weak in September, and the price of small and medium-sized ilmenite in Panxi has dropped by 60 yuan / ton. up to now, the tax-free quotation of 47 miner 20 ilmenite in Panxi Dachang is 2300-2450 yuan / ton, the tax-free transaction price of 46mine10 ilmenite is 2160-2200 yuan / ton, and the tax-free price of 38 titanium ore is 1550-1600 yuan / tonne; controlled by Panzhihua Iron and Steel Co., the output of raw ore is controlled, the operation level of concentrator is low, and the price of ilmenite is high. However, the downstream cost pressure continues to be large, coupled with the downward adjustment of titanium dioxide prices, enterprises are cautious in purchasing, enquiries are weak, the transaction price of titanium ore market begins to relax in the middle of the month, it is more difficult to ship titanium ore at high prices, and the supply of goods at low prices increases gradually; the prices of small and medium-sized factories have been continuously reduced, the prices of large factories are higher, and the transaction price has also been reduced by 30-50 yuan / ton. At the end of the month, the new policy of Panzhihua Iron and Steel Co., Ltd. will further limit the raw ore processing volume, the market will wait and see, the downstream titanium dioxide enterprises have a high start-up, the supply and demand of the titanium ore market is in a game, and the titanium ore market is weak and stable in October, individual prices may decline again, and the decline is limited.

The imported titanium ore market maintains stable operation, and the outer market quotation is still strong; the price of Mozambican titanium ore is US $370 / ton and the price of Kenya 47-49 ore is US $360 / tonne. This year, some mainstream titanium ore imports decreased compared with the same period last year, while non-mainstream titanium ore imports increased significantly. The supply of imported titanium concentrate is still tight; the downstream market is stable and weak, prices are falling, it is difficult to take orders for high-price titanium ore, and the market transaction is not optimistic. The overall supply of titanium raw materials in the international market is tight, the price is high, and the price of imported ilmenite is expected to remain stable.

Titanium slag

The acid slag market is weak and stable in September, and the price of acid slag in Yunnan has declined in the range of 200,300yuan / ton. up to now, the factory price including tax in Sichuan is 5820-5870 yuan / ton, and the factory price in Yunnan is 4800 yuan / ton. The downstream titanium dioxide market is weak, the acid slag shipment pressure is big, and the market supply is sufficient, and the price in Yunnan region declined in September. Due to the influence of environmental protection, the slag plant in Sichuan is understarted, some manufacturers stop production and technical transformation, and the price in Sichuan is temporarily stable; the price of raw material ilmenite is high, the pressure of acid slag production is high, and the market is expected to continue to operate weakly and steadily.

The price of high titanium slag is weak and stable in September, and northern enterprises have not yet invited bids in September; due to the decline in demand for high titanium slag in the market, excess supply in the market, and the return of a large number of imported rutile this year, the low price has a great impact on the market of high titanium slag, and the market price of high titanium slag continues to decline. The raw material titanium ore is high, the cost pressure of titanium slag is high, the price is mostly upside down, the starting load of the enterprise is low, the downstream market is still weak in the later stage, the market of high titanium slag is under pressure, and the price may continue to be weak.

Titanium tetrachloride

This month, the titanium tetrachloride market is weak and stable, the current market price is 5900-6400 yuan / ton, and the price in some areas has been adjusted; the downstream titanium sponge market continues to decline, and there is a strong feeling of price depression in the titanium tetrachloride market. While the raw material liquid chlorine price fluctuates, the titanium raw material cost is high, the enterprise production pressure is high, the titanium tetrachloride market is understarted, the high price shipment pressure is high, and the market operation is under pressure, while the operation of the sponge titanium market is still weak. Titanium tetrachloride market will continue to be weak to maintain stable operation.

Titanium dioxide

The market price of titanium dioxide was weak in September, and the price dropped at about 300,500yuan / ton. by the end of this month, the tax-containing factory price of rutile titanium dioxide in China was 14100-15600 yuan / ton. the tax-containing ex-factory price of anatase titanium dioxide is 13500-13800 yuan / ton. The terminal is still in the doldrums, and the peak season of the titanium dioxide market is not prosperous. At the beginning of this month, the foreign trade price of the dragon enterprise sent a letter increased by 100 US dollars / ton, but the domestic demand is weak, the enterprise shipping pressure is high, and the southwest region is affected by the high temperature, the downstream is understarted, and the enterprise shipment is not optimistic; this month, due to the influence of equipment and environmental protection inspection, some enterprises in East and Southwest China stopped production and maintenance, and the early maintenance enterprises resumed, and titanium dioxide started higher. Exports remained good. In August, China exported 160700 tons of titanium dioxide, an increase of 0.65% over the same period last year, and 16.88% over the same period last year. From January to August, China exported about 1.2929 million tons of titanium dioxide, an increase of 16.52% over the same period last year. However, as Chinese prices fell, export orders also weakened compared with the previous period, and individual enterprises' FOB prices were adjusted. Great pressure on domestic sales, low willingness to prepare goods in the market, the inventory of titanium dioxide enterprises has increased, it is difficult to balance production and sales in the market, the stable and weak operation of the titanium dioxide market, and some prices are discussed one by one.

Sponge titanium

The market price of sponge titanium continues to decline this month, the mainstream price of first-grade sponge titanium is about 4.2-44000 yuan / ton, and there are individual low-price transactions in the market; the global economy is slowing down, the growth of high-end applications is sluggish, and the demand for sponge titanium is depressed. Industry oversupply This month, some manufacturers equipment decline, sponge titanium production reduced, but enterprise inventory is still difficult to consume, enterprise production upside down, market supply and demand imbalance, sponge titanium market is difficult to improve in the short term.

Market forecast for October:

1. The supply of titanium ore is reduced, the game between supply and demand, and the price is weak and stable.

2. the demand for titanium dioxide is low, the inventory is increasing, and the price is weakening.

3. The inventory pressure of sponge titanium is large, the demand is sluggish, and the price is weak.