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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.

Market Summary

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.