The titanium ore market continues to see low interest, with companies maintaining caution in their procurement. The market’s new deal situation is weak, leading to panic among small and medium factories. The pressure to sell at high prices is significant in the market; however, Panxi’s major factories have good orders, suggesting stable prices. Titanium slag prices have rebounded: May’s high slag market bidding prices have slightly increased compared to April. The high cost of raw material titanium ore and the increase in electricity prices in Liaoning region have added to the production pressure of high slag companies. However, with the downstream market operating at high levels and firm quotes by companies, pressure on the May prices is upward.

The Titanium ore market continues to see low demand, with businesses maintaining caution in their procurement and new orders being weak. The market is currently stagnant. The high price of Titanium slag has rebounded in May, with a slight increase compared to April due to high cost of raw Titanium ore and an increase in electricity prices in Liaoning region. This puts pressure on high slag companies. Despite high operation levels in downstream markets, companies remain firm with their price quotes. The pressure on prices is upward in May.

The titanium ore market maintains a tight balance of supply and demand with stable inquiries. There is a strong sentiment of price reduction among downstream enterprises: the market is a game of supply and demand. The high slag titanium market maintains stability despite its weakness: the bidding price in the high slag market in April remained the same month over month. The price of titanium raw materials remains strong recently: the production cost of high slag still has great pressure, the downstream market of titanium dioxide by the chloride process is gradually weakening: the price of high slag is under pressure.

Some major factories in the western part of Panxi are still reducing production, while a few enterprises are resuming production, resulting in a decrease in the output of Panxi mines this month. The price of titanium ore remains high, with downstream enterprises adopting a wait-and-see attitude and being cautious in their procurement, temporarily stabilizing the market.