The titanium ore market is maintaining stability, with a strong wait-and-see attitude in the market. The current market price for 46 titanium ore is quoted at about $309.16/ton. Chengde Titanium Mine stopped production and is unlikely to recover before the end of the year, resulting in limited raw material supply and a recent rise in the market price of new single orders by about $7.04/ton.
The titanium slag market in the northern region is seeing a slight price increase compared to last month due to tight stock in slag factories. Despite the increase, high titanium slag manufacturers are still operating at the brink of loss due to cost impacts, and the high slag market quote continues to remain strong.
The price of Pan ore remains stable, and the overall supply of titanium ore in Yunnan and Chengde is also slightly tight. However, the high downstream cost has led to a pressure to reduce the price of titanium ore, and the price of titanium ore is expected to remain stable in the short term.
The price of titanium ore in Panxi, China remains unchanged. While the release of raw materials from Panzhihua Steel has slightly alleviated, the supply of titanium ore is still a bit tight. The companies are shipping well, and the market price remains stable.