According to Tuduo's statistics, China's sponge titanium output in May 2023 was 18650 tons, a year-on-year increase of 49.20%, and a month-on-month decrease of 1.06%; the cumulative output of sponge titanium from January to May 2023 was 92,000 tons, a year-on-year increase of 68.0.%. Production increased by approximately 37,300 tons.
Due to weak demand in the downstream market, high pressure on new orders in the market, and pressure on the production of semi-process enterprises. Titanium sponge production in May fell slightly from the previous month.
In May 2023, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Xinjiang accounted for 29%, 17%, and 14% of China's total output respectively.
In May, most titanium sponge companies temporarily stopped quoting, market prices were chaotic, the downstream titanium market was weak, domestic demand recovered less than expected, export orders also decreased, the titanium sponge market was oversupplied, companies had inventories, and market transaction prices were stable. Weaving, the average monthly price dropped by about 3.5% from the previous month, but the cost prices of raw materials and materials were still high, and titanium sponge prices were expected to remain weak and stable.
