The prices of raw materials in the mines are remaining strong. In the Panxi region, titanium ore enterprises are not operating at full capacity, leading to a tight supply in the market. The new order quotation remains at CNY 2300/ton, which is equivalent to approximately USD 319/ton. For April, the large factories plan to increase their prices by CNY 150/ton, equivalent to approximately USD 20.8/ton, which has led to a wait-and-see sentiment in the market.
The market quotation for Titanium Tetrachloride is between 876-946 USD/ton. The market supply is tense and the cost of titanium raw material remains high, resulting in the cost of Titanium Tetrachloride also staying high. Consequently, the price of Titanium Tetrachloride is stable.
The titanium slag high slag market is weak and stable, with the bidding price in the north in March decreasing by 110 yuan compared to February: The high slag market is running steadily; The acid slag market demand is stable, affected by the price increase of Panzhihua Iron and Steel, the market supply is tight, and the acid slag prices in Sichuan and Yunnan have increased by 200 yuan per ton.
The demand for titanium ore remains steady, with the market maintaining a tight balance between supply and demand. The miners’ quotation remains strong, and some market participants are optimistic about the future market. It is reported that the price of a major factory will increase by 150 yuan/ton (20.84 USD/ton) in April. The market for titanium slag is weak and stable. The bidding price in the north in March was reduced by 110 yuan (15.28 USD) compared to February due to high costs. High slag prices are under significant cost pressure, and market prices are running strong.
The demand for titanium ore remains stable, and the market supply and demand maintains a tight balance. The mine quotations remain firm, and some market participants have a positive outlook on the future market. It is reported that the price of large factories will increase by 150 yuan/ton in April. In USD, this is an increase of approximately $20.84/ton.