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The current mainstream price for Grade 1 sponge titanium in the market is around 49,000 to 50,000 CNY per ton, which converts to approximately 6,753 to 6,890 USD per ton based on the exchange rate of 7.25630. Sponge titanium enterprises are facing significant inventory pressure, and the market demand is weak. As a result, companies are eager to sell, leading to a weak price trend.
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Recently, titanium ore enterprises in Panxi, Yunnan, and Chengde have still been operating insufficiently, leading to tight raw material supplies and firm market quotations. Downstream enterprises are under significant cost pressure, resulting in limited new orders and a supply-demand game in the titanium ore market.
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The titanium ore market continues to be strong, although the downstream market remains weak, and new orders for titanium ore are sluggish, resulting in a market with quoted prices but few transactions. In July, the northern titanium slag bidding price was 7600 CNY/ton, down 200 CNY/ton compared to June. The downstream prices have declined, and high titanium slag is operating weakly.
The cost of raw ore is high, and the cost pressure on intermediate ore is significant. With major companies acquiring intermediate ore, supply is tight. Processing plant operations have declined due to high prices and cost pressures, leading to firm prices for titanium concentrate.
The titanium ore processing plants in the Panxi region are still not operating at full capacity, leading to firm and stable prices despite low market inquiries. Companies remain cautious. The bidding price for northern titanium slag in June is 7800 CNY/ton, with high raw material costs putting pressure on production. The price translates to approximately 1075.86 USD/ton.
