The bidding price for high titanium slag with low calcium and magnesium from northern companies this month is $1,092.41/ton, an increase of $15.40/ton from last month. The high slag market remains stable overall, and slag factory quotes remain firm. Affected by reduced costs and supply, acid slag companies have slightly increased their quotes. However, the downstream market has strong price-cutting sentiment, and the pressure on new orders is substantial, with market prices generally remaining stable.

The titanium ore market is operating steadily, with good business shipments and stable market prices. The bid price for low-calcium and high-titanium slag from northern companies this month is 7800 yuan/ton (equivalent to $1100/ton with exchange rate 7.09330), an increase of 110 yuan/ton ($15.51/ton) from last month. The high slag market is generally stable, and the slag factory’s quotation is firm. Due to cost and reduced supply, acid slag companies have slightly increased their prices, but the downstream market has a strong price reduction sentiment. The pressure to close new price orders is greater, and the market price is basically stable.

Summary

The prices of Panzhihua Iron and Steel Co. remain high, with steady demand in the downstream market. The supply and demand of titanium ore are basically balanced, and market prices are expected to continue to stabilize. This month, the bidding price for low-calcium and high-titanium slag from northern enterprises is 1,092.90 USD/ton, an increase of 15.41 USD/ton from last month. The high cost of raw materials and high slag costs remain high, and market quotes remain strong.