Titanium Industry Market Commentary

The overall supply of raw materials in the Panxi market remains tight, with miners’ offers holding steady. The titanium ore market is in a state of basic supply-demand balance, continuing its stable operation. The broader titanium product chain shows varied dynamics, with upstream cost pressures and maintenance activities influencing downstream segments.

Titanium Ore & Slag

Titanium ore supply remains constrained, supporting stable pricing. The market for titanium slag presents a mixed picture. Northern enterprises have initiated a new round of tenders, with volumes of 3000 tons for 90-grade high-titanium slag and 7000 tons for 87-grade titanium-rich material. Competition for titanium-rich material remains fierce. While overall slag supply is stable, the high-titanium slag market continues to exhibit a weakening trend.

Titanium Tetrachloride

The titanium tetrachloride market is quoted in the range of 690.19 to 798.04 USD/ton. Recent increases in chlorine gas prices have kept raw material costs elevated. Demand for titanium tetrachloride remains relatively stable, leading to continued steady price performance.

Sponge Titanium

Prices for civilian-grade Grade 1 sponge titanium are around 6471.26 to 6759.19 USD/ton. The market for Grade 0 sponge titanium is quoted at approximately 6615.04 to 6902.97 USD/ton. Sponge titanium demand is stable. Supported by firm costs and inventory levels, producers are maintaining a firm pricing stance.

• Grade 1 (Civilian): 6471.26 – 6759.19 USD/ton
• Grade 0: 6615.04 – 6902.97 USD/ton

Titanium Dioxide

The titanium dioxide price index stands at 1940, marking an increase of 2 points from the previous working day. Panzhihua Tihai has issued a notice increasing its domestic titanium dioxide price by 500 CNY/ton and its international price by 70 USD/ton. With raw material costs persisting at high levels, factory production profitability is challenged, creating expectations for further price increases. Recent market dynamics include the commencement of maintenance turnarounds at several plants, leading to a slight decline in overall operating rates.