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.
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The original ore supply is tight, and the price of middle-grade ore remains high. The quotation for titanium concentrate is at a high level, causing significant production pressure for titanium dioxide manufacturers. The market is in a stalemate, with enterprises adopting a wait-and-see attitude.
Titanium Slag: In June, the bidding price for titanium slag in Northern China was 7800 CNY/ton, equivalent to approximately $1076.13 USD/ton. The market remains weak, with pressure on titanium slag sales and limited supply, resulting in stable but weak prices.