Titanium Market Analysis(December 26, 2024)

1. Titanium Market Analysis
1.1 Market Price Analysis of Titanium System

Titanium Ore
The market price of titanium ore remained stable this week. As of now, the transaction price of 46 and 10 titanium ore of small and medium-sized manufacturers is 1930-1960 yuan/ton, the price of 47 and 20 ore is 2000-2200 yuan/ton, and the price of 38 titanium ore is 1400 yuan/ton excluding tax; the raw materials of titanium ore are reduced, and the supply of titanium concentrate in the market is gradually reduced. The quotations of small and medium-sized miners in Panxi area remain strong, and the prices are temporarily stable; due to the cold weather in Chengde area, the mining has declined, and affected by market demand, enterprises have delivered more orders on hand. As the holiday approaches, the downstream operation has declined again. Some mining companies may have signs of closing orders, and the price of titanium ore may stabilize in the later period.

The imported titanium ore market is stable. As of now, the price of Mozambique titanium ore is US$370/ton, and the price of Kenya 47-49 ore is US$360/ton; the operation of the imported titanium ore market is basically stable, and the supply of high-grade high-quality titanium raw materials is still tight. This year, the downstream titanium dioxide sponge titanium production has increased, and the total amount of imported titanium concentrate has increased simultaneously. The domestic titanium ore price is high, and downstream enterprises are still cautious in purchasing. The titanium ore market is running firmly.

Titanium slag
The market price of high titanium slag is temporarily stable. In December, the bidding price of 90% low calcium and magnesium high titanium slag of northern enterprises was 6,950 yuan/ton, an increase of 200 yuan/ton from the bidding price last month. The overall operating rate of the high titanium slag market is low, there is not much spot supply, and the cost is high. It is still difficult for slag plants to balance profits and losses, and corporate quotations remain strong.

The acid slag market is under great pressure. As of now, the ex-factory price in Sichuan is 5820-5870 yuan/ton, and the ex-factory price in Yunnan is 4650 yuan/ton. The acid slag market in Sichuan is basically unsalable. The acid slag in Yunnan is under pressure from the further decline in downstream market demand, and the increase in electricity prices during the dry season puts the production pressure on slag plants. The start-up of the acid slag market will decline again in the later period.

Titanium tetrachloride
The titanium tetrachloride market is running smoothly this week. The current market price of titanium tetrachloride is 6000-6400 yuan/ton. The price of chlorine fluctuates, and the price of titanium raw materials is temporarily stable. The overall cost is still high. The supply and demand of the titanium tetrachloride market remains stable, and the price is basically stable.

Titanium dioxide
The titanium dioxide market is in a wait-and-see mood this week. As of now, the ex-factory price of rutile titanium dioxide in China is 13,800-14,700 yuan/ton, and the ex-factory price of anatase titanium dioxide is 12,400-13,200 yuan/ton. Affected by demand, the overall market stocking sentiment is not good this year, downstream companies maintain rigid demand, and the market competition pressure is high; titanium dioxide companies have good orders on hand, and the inventory pressure of sulfuric acid method is not large. The overall demand of the chlorination method in the market is weak, and the new production capacity of the chlorination method is released, and the factory inventory pressure is under pressure; raw materials Titanium ore prices are high, enterprises are under great production pressure, and market quotations remain stable; the market for ferrous sulfate, a byproduct of sulfuric acid-processed titanium dioxide, is operating well. Ferrous sulfate prices have increased again in some regions this week, and the price increase of ferrous sulfate heptahydrate is 10-50 yuan/ton, which is good for the titanium dioxide market. The titanium dioxide market operation remains at a high level. In addition, it is reported that market export orders in December have rebounded compared with the previous period; near the end of the year, some enterprises in Guangxi and other regions have started annual maintenance one after another, and affected by cost prices, the titanium dioxide market may stabilize in the short term, and prices continue to be negotiated on a case-by-case basis.

Sulfuric acid
This week, the domestic sulfuric acid market was largely stable with minor fluctuations. As of now, the ex-factory price of 98% ore acid in Sichuan is 650-700 yuan/ton, the ex-factory price of 98% smelting acid is 520-680 yuan/ton, and the price of 98% ore acid in Jilin is 640-840 yuan/ton; this week, the domestic sulfuric acid market continued to differentiate significantly. Due to the weakening demand in the downstream market in the southern region, coupled with the resumption of production of the previously overhauled equipment, the supply and demand relationship of sulfuric acid is unbalanced, and the pressure on enterprises to ship has increased. The price of new orders in some regions has fallen by 10-40 yuan/ton; the supply and demand of sulfuric acid in the Northeast region is still in a tight balance, and the supply of raw material pyrite is tight. Under stable demand, the price has increased by 80 yuan/ton; due to differences in different regions, the price of sulfuric acid may continue to fluctuate in a narrow range in the future.

Sponge titanium
The titanium sponge market remained stable this week. The current price of grade 1 titanium sponge is 44,000-46,000 yuan/ton. Titanium sponge enterprises delivered orders on hand, and the inventory pressure was not great. The price remained firm after the market rose. Downstream enterprises may gradually accept it in the later period. The titanium sponge market is expected to be stable in the later period.

Forecast for the future market:
1. The titanium ore raw materials decreased, and the price may stabilize;
2. The inventory pressure of titanium dioxide was relieved, and the price was consolidated;
3. The titanium sponge market received stable orders and the price was firm.

1.2 Price comparison of titanium products for this week

1.3. Titanium market analysis chart

Figure 1: Price Trend Titanium Market in China

Figure 2:Importing Market Price of Titanium Ore in China

Figure 3: China titanium slag market price in China

Figure 4: The Titanium tetrachloride market price

Figure 5: Titanium Dioxide Market Price in China

Figure 6: Sponge Titanium Market Price in China

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