According to Tuduo statistics, China's sponge titanium output in May 2024 was approximately 23,200 tons, a month-on-month increase of 8.69%, and a year-on-year increase of 25.47%; from January to May 2024, the sponge titanium output was approximately 101,400 tons, a year-on-year increase of 10.89%, and the output increased by approximately 10,000 tons year-on-year.
With the release of titanium sponge production capacity, titanium sponge production continued to grow in May, and company production capacity was steadily released. Among them, output in Sichuan and Yunnan increased more, and titanium sponge production is expected to continue to increase in June.
In May 2024, China's top three producing regions of titanium sponge in China, Liaoning, Sichuan, and Yunnan accounted for 22%, 19%, and 18% of China's total output respectively.
In May, the market price of sponge titanium was weak, causing pressure on companies to ship, making high-priced transactions difficult, the supply of sponge titanium was excessive, and the pressure on companies 'inventory increased. However, sponge titanium output still maintained a growth trend. In June, sponge titanium prices are expected to continue to stabilize and weaken.
