In October, the Panxi mining market continued its downward trend. A large factory in Panxi announced a price cut by 100 yuan/ton at the end of September, and the prices of small and medium-sized titanium ores have been lowered by about 50 yuan/ton in October. As of now, the price of 47 and 20 titanium ores in Panxi factory is not included. The tax-inclusive price is 2,250 - 2,350 yuan/ton, the tax-inclusive transaction price of 46 and 10 titanium ores is not included in the tax range is 2,100 - 2,150 yuan/ton, and the tax-inclusive price of 38 titanium ores is not included in the price is 1,500 - 1,550 yuan/ton; Affected by the environmental impact inspection of the central environmental protection team's entry into Sichuan Province this month, and the road transportation was blocked after the holiday. The selection plant was basically in full shutdown, the supply of titanium ore decreased, and the selection plant's quotations remained firm; the downstream titanium dioxide market is weak, there is strong resistance to high-priced titanium ore, the market sentiment is strong, the atmosphere for new orders is not good, the low-priced supply of small and medium-sized mines has increased, and prices have dropped slightly; The titanium dioxide market continues to weaken, while the supply of titanium ore continues to be tight, and the market supply and demand are deadlocked. In the later period, titanium ore prices are expected to operate weakly and steadily, and some prices may undergo minor adjustments.
The imported titanium ore market is basically stable, with Mozambique's titanium ore price at US$370/ton, and Kenya's 47-49 ore price at US$360/ton; mining prices continue to be high, coupled with the decrease in the supply of high-quality imported titanium raw materials this year, and Vietnam's export quota restrictions. This year, the return of mines from Vietnam has decreased more, while the return of mines from Nigeria, Egypt, and Sierra Leone have increased in different directions; Downstream titanium dioxide has started at a high level, and there is still some demand for imported ore. Coupled with supply problems, imported titanium ore will continue to operate at a high level.
titanium slag
In October, the acid slag market remained stable, with high costs, and the production pressure of slag plants was great. 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 supply of raw materials for Panjin and Yunnan mines is small, the prices are high, the production cost of sour slag is high, the downstream titanium dioxide price is declining, the price of sour slag is under pressure, the Yunnan region will enter a dry season, and the electricity price will also increase next month., the cost pressure is greater, and the sour slag market will temporarily stabilize.
The prices of high-titanium slag were chaotic in October, and enterprises in the north have not yet bid for this month. Due to the decline in market demand, the high-titanium slag market has oversupplied, and individual transaction prices in the market have been lowered. Market news has been confused. In addition, more titanium-rich materials have returned to China this year. The high-titanium slag market is under high competition. Slag factories have reduced production and stopped production. The market output is low. However, the price of raw material titanium ore continues to be high. The market supply exceeds demand, and the price of titanium slag is expected to continue to be weak.
titanium tetrachloride
The titanium tetrachloride market is running smoothly this month. The current market price is between 5,900 - 6,400 yuan/ton, and the price in some regions is low; the price of liquid chlorine is unstable this month, and titanium tetrachloride companies are cautious in purchasing; downstream titanium sponge starts declining, and shipping pressure is high. Demand from other industries such as pearl is still relatively good, which supports the price of titanium tetrachloride, and the price of titanium tetrachloride will temporarily stabilize in the short term.
titanium dioxide
In October, the market price of titanium dioxide continued to decline, with a drop of about 200 yuan/ton. On October 1, Longqi Longbai Group lowered the price of titanium dioxide, and the prices of other titanium dioxide companies successively adjusted their prices according to the range. The titanium dioxide market fell, and the market demand is still weak. Market shipment pressure is increasing in the middle and late months, and the inventory of some manufacturers is increasing; This month, due to environmental protection inspections, equipment maintenance and market impacts, some companies reduced production and stopped production, and the market started to decline. Last month, some maintenance companies resumed production, and the output of titanium dioxide in October may be similar to that in September; In October, the price of raw material titanium ore was lowered to about 50 yuan/ton in small and medium-sized factories in Panxi area. Prices in sulfuric acid in China were mixed. Among them, the price at the end of the month in Shandong increased by about 100 yuan/ton compared with the beginning of the month. The market price of ferrous sulfate, a by-product of titanium dioxide, has increased slightly this month, and the price of ferrous sulfate heptahydrate has increased by about 50-60 yuan/ton; Market terminal demand has not improved. Exports have been under great pressure due to the increase in anti-dumping tariffs. China's real estate industry is in a downturn, and demand in coatings, papermaking, plastics and other industries is sluggish. The titanium dioxide market is under great pressure and price competition is under great pressure. At the end of the month, Longqi Enterprises implemented a preferential policy of 200 yuan/ton for the price of dealers completing tasks. However, due to the impact of costs, it is difficult for some enterprises to make significant adjustments in prices, and downstream procurement is also relatively cautious. In the off-season of the fourth quarter, market confidence is insufficient. Some market participants are more bearish on the future outlook. In the short term, titanium dioxide prices will remain single. Market supply will exceed demand. The titanium dioxide market is expected to remain weak in November.
sponge titanium
This month, the sponge titanium market is weak and stable. The mainstream price of first-class sponge titanium for civilian products is around 42,000 - 43,000 yuan/ton; the price of magnesium ingots this month has dropped slightly compared with the previous period, but the overall price remains high, and the production pressure of some enterprises has eased; In the middle of the month, as company shipments improve, inventory pressure decreases, and corporate prices continue to lose money, the sponge titanium market has stopped falling and stabilized; due to the still sluggish downstream market, supply and demand in the sponge titanium industry are unbalanced, and sponge titanium prices will operate weakly and steadily.
November market forecast:
1. The supply of titanium ore has decreased and prices have been weak and stable;
2. In the off-season of demand for titanium dioxide, prices are weakening;
3. The price of sponge titanium is losing money and the price is weak and stable;
