Titanium dioxide market daily report on 2023-11-21

Recently, domestic titanium ore prices have stabilized in China. However, the market for imported titanium ore is still under pressure for new deals, given the sluggish downstream market and a strong wait-and-see sentiment among enterprises.

High slag production of titanium slag is under significant pressure. This month, northern enterprises have bid for low-calcium, high-magnesium, high-titanium slag at RMB 7690/ton, which is RMB 100/ton lower than last month. This translates to $1072.40/ton, down by $13.94/ton. The high slag market has a low start-up, weak downstream demand, and the market is weak and stable.

Titanium Tetrachloride is quoted in the market at RMB 6200-6600/ton, translating to $864.80-$920.42/ton. Despite a drop in titanium raw material prices previously, they are still generally at a high level. This has resulted in high costs for Titanium Tetrachloride, but prices remain stable.

The market for sponge titanium is steady. The mainstream quoted price for first-grade sponge titanium civilian products is around RMB 54,000-55,000/ton, or $7533.20-$7666.50/ton. Although the market supply is increasing, the outflow of the sponge titanium market is under pressure. Impacted by the price of raw materials, the market price remains strong.

The Titanium Dioxide price index today is 2325, up by 5 from yesterday. Due to restrictions on electricity and gas in the park, some manufacturers in the Panxi region have stopped production. Although market supply has reduced recently, demand is weak. Enterprises are facing sales pressure, titanium dioxide market prices are chaotic, and the market is in a wait-and-see mode with transaction prices being negotiated on a case-by-case basis.