According to Tuduo statistics, China's sponge titanium output in October 2023 was 17690 tons, a year-on-year increase of 0.65%, and a month-on-month increase of 9.54%; the cumulative output of sponge titanium from January to October 2023 was 178,100 tons, a year-on-year increase of 31.73%, and the output increased by approximately 42,900 tons.
In October, the production units of individual manufacturers returned to stability. Coupled with the commissioning and expansion of new production capacity in the market, sponge titanium production increased in October.
In October 2023, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Xinjiang accounted for 27%, 18%, and 16% of China's total output respectively.
The production capacity of sponge titanium market is gradually increasing, and the market is oversupply, and the price of new orders in the market is under great pressure. However, due to the high prices of magnesium ingots and titanium raw materials, sponge titanium companies are still on the verge of losing money, and sponge titanium prices are difficult to rise and fall in the short term. It is expected that market prices will be weak and stable; with the release of new market production capacity, sponge titanium production will continue to increase in November.
