The Titanium ore market maintains a stable operation, with downstream enterprises operating at a high level. The market demand is stable. The high price of titanium ore causes significant cost pressure on downstream enterprises. Purchases are cautious, and the market shows a sentiment for price reduction.
The titanium ore market maintains stability with high operation levels in downstream companies. Market demand is good, and raw material costs are supportive, resulting in high prices for titanium ore. The high slag titanium market is temporarily stable: In April, the high slag market bidding price remained flat compared to the previous month, and the downstream demand is generally stable. However, the high cost of raw materials puts pressure on high slag companies, with market start-up rates remaining low.
The prices of raw materials in the mines continue at a high level, resulting in elevated costs for the water selection plants, while the downstream market remains stable. However, titanium ore prices are high, causing downstream enterprises to be cautious in their procurement and creating a wait-and-see sentiment in the market. The high slag titanium market is temporarily stable. In April, the high slag market’s bidding price remained stable compared to the previous month, and downstream demand is generally steady, indicating that the high slag market price will continue to be stable.
The cost of titanium slag production is under pressure due to the high price of raw titanium ore. In April, the bidding price in the high-slag market remained stable, with a steady downstream demand. The price of high slag is expected to remain stable. The market price for titanium tetrachloride is CNY 6300-6800 per ton (USD 870.80-940.08 per ton). The titanium tetrachloride market remains stable, with a balanced production and sales in businesses, and the price is expected to remain stable for the time being.
Titanium slag is affected by the high price of raw material titanium ore, resulting in significant production cost pressure. In April, the market bidding price for high slag remained stable due to cost support, keeping the high slag price strong. The market quote for titanium tetrachloride is between RMB 6300-6800/ton. The titanium tetrachloride market remains stable, with the businesses maintaining a basic balance in production and sales, and the price remains stable.
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.
