Miners are fulfilling previous orders and are beginning to negotiate new market orders. The Panxi titanium ore market is observing a wait-and-see sentiment with prices continuing to remain high. There is good demand in the high titanium slag market, and some companies have been soliciting bids recently. However, due to high prices of titanium raw materials, the quotation of titanium slag remains firm.
The overall supply of titanium ore is tight while the downstream demand remains stable, resulting in high prices for titanium ore. There is a robust demand for imported titanium ore from Mozambique with 46% titanium content: companies are scheduled to place orders till April and May, and the price for new orders has been slightly adjusted upwards.
The price of Panzhihua mining’s new single quote remains firm, with a business quote above 317.47 USD/ton. The price for April in large factories will be increased by 20.74 USD/ton, leading to a strong wait-and-see sentiment in the market. Yunnan titanium ore prices also remain stable temporarily, and titanium ore prices will continue to operate at a high level.
The price for the new orders of Panzhihua Iron and Steel remains strong at approximately $318.26/ton. The large factories will increase the price by nearly $20.76/ton in April, which elicits a wait-and-see sentiment in the market. Recently, there has been an increase in inquiries for Chengde Titanium Ore, and the business quotation remains at a high level.
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.