(10.11-10.17) Titanium Weekly Review

perovskite

This week, the titanium ore market is operating stably, and the high transaction pressure of small and medium-sized titanium ore in the market is high. As of now, the transaction price of small and medium-sized titanium ore manufacturers 46 and 10 is between 2,120 and 2,160 yuan/ton, the price of 47 and 20 ore is between 2,300 and 2,350 yuan/ton, and the price of 38 titanium middling ore excluding tax is between 1,550 and 1,600 yuan/ton; The supply in the Panxi titanium ore market is tight, the ore price is operating at a high level, the cost of titanium dioxide is under high pressure, procurement is relatively cautious, the supply of low-priced goods in the market has increased, and the mainstream price has temporarily stabilized; Chengde titanium ore is affected by the market, and the pressure for new orders is high. Some prices in the market have been lowered by 30-50 yuan/ton compared with the previous forecast. In addition, it is reported that the central environmental protection team has settled in Panzhihua and Shandong this week, which has an impact on titanium ore production. In the short term, titanium ore prices may remain stable, with limited price decline.

The imported titanium ore market has been temporarily stable. As of now, the price of titanium ore in Mozambique is US$370/ton, and the price of mine 47-49 in Kenya is US$360/ton. The cost pressure of downstream products is high, and there is a strong resistance to high-priced imported titanium ore. This year, the import volume of high-quality titanium ore has decreased compared with that, and the price has remained firm. However, the output of titanium dioxide and titanium sponge has continued to be released, which still has great support for imported titanium ore, and prices will continue to operate at a high level.

titanium slag

This week, the high-titanium slag market is operating weakly. Enterprises in the north have not yet bid for bids this month. The downstream market continues to be weak and demand is declining. In addition, the price of imported titanium-rich materials is low, which has a great impact on the high-titanium slag market. Enterprises have reduced production and stopped production. In addition, the cost is high, and the production of slag plants is upside down, but the market is still in a downward trend, and high slag prices may operate in a weak position in the short term.

The acid residue market continues to be weak and stable. As of now, the ex-factory price including tax in Sichuan is 5,820 - 5,870 yuan/ton, and the ex-factory price including tax in Yunnan is 4800 yuan/ton; the downstream titanium dioxide market is declining, the acid residue market is under pressure, and enterprises are under shipment pressure. The pressure is high, but the price of mining continues to be high, the pressure on acid residue production is high, and the price is temporarily stable.

titanium tetrachloride

This week, the titanium chloride market temporarily stabilized. The current titanium tetrachloride market price is 6,000 - 6,400 yuan/ton. There are low transactions in some regions. The price of raw material liquid chlorine is unstable. Titanium raw materials are high. Titanium tetrachloride companies are under high production pressure. Some manufacturers are in production reduction and the market circulation is also small; The downstream titanium sponge market is weak and shipping pressure is high. Demand from other industries such as pearlescent is still relatively good, which supports the price of titanium tetrachloride. The price of titanium tetrachloride will remain stable in the short term.

titanium dioxide

This week, the titanium dioxide market is operating weakly and steadily. As of now, the ex-factory price of rutile titanium dioxide including tax in China is 14,100 - 15,400 yuan/ton, and the ex-factory price of anatase titanium dioxide including tax is 13,300 - 13,600 yuan/ton; In October, the overall market demand for titanium dioxide was still relatively optimistic. Last week, the prices of titanium dioxide companies were basically adjusted downward. This week, the market price was temporarily stable, but the shipping pressure on companies is still high and the market transaction atmosphere is sluggish; Affected by environmental protection, equipment maintenance, etc., manufacturers in Southwest, East China, Shandong and other regions have begun maintenance one after another. The market output has declined slightly, and the overall operating rate is still around 80%. However, market production and sales are still difficult to balance, and price competition pressure is high; In addition, Brazil announced the preliminary results of the anti-dumping ruling on China's titanium dioxide. The preliminary temporary additional anti-dumping duties are US$578/ton (about 25%) for Longbai Group, US$654/ton for Anhui Jinxing (a subsidiary of China Nuclear Titanium White, about 29%), and US$1,420.83/ton for other listed companies (including CITIC Titanium, Huiyun Titanium, Pangang Vanadium and Titanium, etc.), and US$1,772.69/ton for other unlisted companies. Saudi Arabia has also launched an anti-dumping investigation against China's titanium dioxide. Most titanium dioxide companies will have greater export pressure, and the domestic trade market will also continue to be sluggish. It is expected that the titanium dioxide market will still face greater pressure in the later period, and market prices will be discussed individually.

sulfate

This week, China's sulfuric acid market has basically stabilized, with prices in some regions rising slightly. As of now, the price of 98% sulfuric acid in the Shandong market is 360-420 yuan/ton, the price of 98% smelting acid is 80-340 yuan/ton, and the factory price of 98% smelting acid in the Yunnan market is 500-570 yuan/ton; Last week, the acid prices in some markets have been adjusted, but this week, the acid prices have stabilized, and the follow-up situation of orders in some markets has improved slightly; The overall start-up of the sulfuric acid market is relatively stable and the supply is relatively sufficient. While the raw material prices are high, the support for sulfuric acid prices is also relatively strong. At present, the downstream phosphate fertilizer market demand is good. As the demand for fertilizer ends in autumn, the demand for sulfuric acid will be limited in the later period. New production capacity in the Yunnan market has begun to be debugged, and sulfuric acid may be added one after another in the later period. Acid companies in some markets have maintenance plans, and market supply has decreased and increased. The market wait-and-see atmosphere is strong, and prices are expected to operate steadily.

sponge titanium

The market price of sponge titanium has temporarily stabilized this week. The transaction price of grade 1 sponge titanium is between 42,000 and 43,000 yuan/ton, and there are some low-price transactions in the market. Demand is weak, companies are still under great pressure, production is losing money, and market output is declining. However, the contradiction between supply and demand is still prominent, the market is deadlocked, and prices will remain low in the short term.

Market outlook forecast:

1. The supply of Pankuang and titanium ore is tight, and the price is weak and stable;

2. The titanium dioxide market is under high pressure and prices are weak and stable;

3. The output of titanium sponge declined and the price was weak and stable.