Titanium Special Issue-Issue 20241219
1. Titanium Market Analysis
1.1 Market Price Analysis of Titanium System
Titanium ore
The titanium ore market remained weak this week, and prices in some regions were adjusted. Among them, the price of Panzhihua medium ore increased by 30-50 yuan/ton, and the price of titanium concentrate in Chengde and Yunnan decreased by 30-50 yuan/ton; as of now, the transaction price of 46, 10 titanium ore of small and medium-sized manufacturers is 1930-1960 yuan/ton, the price of 47, 20 ore is 2150-2200 yuan/ton, and the price of 38 titanium medium ore is excluding tax. 1,400 yuan/ton; Pangang titanium ore prices are high, downstream cost pressure is large, and purchases are still cautious. It is reported that Pangang raw ore has not been shipped out for the time being, and processing plants have stopped production one after another. The raw materials of small and medium-sized mines have decreased, and the price of medium-sized mines has also increased slightly; Affected by downstream market demand, Chengde and Yunnan titanium ore shipment pressure is still large, and miners mainly consume inventory; The downstream market is at a high level, and the raw materials have decreased this month. The decline in titanium ore prices may slow down. The market is in a wait-and-see mood, and prices are expected to remain stable in the future.
The imported titanium ore market is weak and 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; market demand is sluggish, downstream cost pressure is large, procurement is cautious, and market shipment pressure is large. Some miners are cautious in purchasing and digesting inventory. Near the end of the year, some titanium ores may reduce the amount of return to China, and it is expected to be shipped after the holiday. The domestic downstream market is not stocking up, and the imported titanium ore market also remains weak.
Titanium slag
The high titanium slag market remains stable. In December, the bidding price of 90% low calcium and magnesium high titanium slag of northern enterprises was 6950 yuan/ton, an increase of 200 yuan/ton from the bidding price last month. The operating rate of the high titanium slag market has rebounded this month, but the overall downstream demand is sluggish. Most enterprises are still in suspension. The cost of raw materials is high, and the production pressure of enterprises is relatively large. The market will continue to operate under pressure in the later period.
This week, the acid slag market is still weak and stable. As of now, the ex-factory price including tax in Sichuan is 5820-5870 yuan/ton, and the ex-factory price including tax in Yunnan is 4650 yuan/ton; the acid slag market in Sichuan is basically priced but not marketed; the production cost is high, the acid slag market is under-operated, the downstream titanium dioxide market is weak, and the supply and demand of the acid slag market are weak. Affected by the cost, the acid slag market is running steadily.
Titanium Tetrachloride
The price of titanium tetrachloride remained stable this week. The current market price of titanium tetrachloride is 6,000-6,400 yuan/ton. The high cost of titanium tetrachloride has provided some support to the price of titanium tetrachloride. The downstream market demand for titanium sponge has increased slightly this month, and the shipment volume of titanium tetrachloride has increased in some regions. The market demand for pearlescent pigments has fallen slightly, but due to the cost price, titanium tetrachloride will continue to maintain stable operation in the short term.
Titanium dioxide
The titanium dioxide market remained stable as a whole 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. Downstream demand is still sluggish, the market is under great pressure to ship, and some companies are under increased inventory pressure. This week, some companies in the market have increased orders on hand, and companies are mostly destocking. Recently, companies have cancelled their price discounts. As the Spring Festival holiday approaches, some companies in the market have maintenance plans, and the maintenance time is mostly about 20 days. At present, the titanium dioxide market remains at a high level. The price of raw sulfuric acid is relatively high. Although the price of titanium ore has fallen, it is still at a high level. The production pressure of titanium dioxide is high, and the price of enterprises is at the edge of the cost line. The market quotations are mostly firm. The downstream market is more cautious in accepting orders, and companies are in a wait-and-see mood. The prices of large factories are temporarily stable. In the short term, the price of titanium dioxide continues to be negotiated on a case-by-case basis.
Sulfuric acid
This week, some domestic sulfuric acid market prices fluctuated, ranging from 20-50 yuan/ton. As of now, the ex-factory transaction price of 98% smelting acid in Henan is 230-300 yuan/ton, and the ex-factory price of 98% smelting acid in Guangxi is 510-560 yuan/ton; due to the decline in downstream market demand, the shipments of acid plants in some regions have slowed down this week, but there are still some orders to be shipped in the early stage of the market, and the inventory pressure of acid plants in the short term is temporarily not large; the price of sulfuric acid is high, the cost pressure of downstream enterprises is relatively large, and the transaction of new orders in the market is deadlocked. The price of smelting acid in some regions has declined slightly, and enterprises are mostly on the sidelines; some acid plants that were under maintenance in the early stage maintained maintenance, and the acid plants were under-operated. The market supply and demand both decreased, and the price of sulfuric acid may fluctuate in the short term, and the acid price in some regions remained high and firm.
Sponge titanium
This week, the market price of sponge titanium increased by 2,000 yuan/ton. The current price of grade 1 sponge titanium is 44,000-46,000 yuan/ton. In the early stage, the orders of sponge titanium enterprises were stable. The enterprises had some orders on hand, and the inventory of some manufacturers gradually decreased. The raw material prices were high and the production costs were high. The price of sponge titanium increased, but the downstream has not fully accepted it in a short time. The market has been stagnant in the transaction of new orders, and it is mainly wait-and-see. The price of sponge titanium is expected to remain stable in the later period.
Forecast for the future market:
1. The raw materials of titanium ore are reduced, and the price may stabilize;
2. The demand for titanium dioxide is weak, and the price is weak and stable;
3. Sponge titanium is mostly destocked, and the price is strong.
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 |
 |
 |
Important Statement
[Important Statement]
The editor responsible for writing this report promises: to ensure that the source of the report information is legal and compliant, the report is written to be objective and fair, and the conclusions are not instructed or influenced by any third party.
[Disclaimer]
This report is written by the researcher based on public information and research information. The company does not make any guarantees on any legal issues involved in this report. The information in this report is derived from publicly available information, and the company does not make any guarantees on the accuracy and completeness of this information.
[Reprint Terms]
The copyright of this report belongs to Tu Duoduo (hereinafter referred to as the company). Without the written authorization of the company, no organization or individual may publish or forward this report or use this report and its content and data in any other form.
