The titanium ore market is maintaining stability, with a strong wait-and-see attitude in the market. The current market price for 46 titanium ore is quoted at about $309.16/ton. Chengde Titanium Mine stopped production and is unlikely to recover before the end of the year, resulting in limited raw material supply and a recent rise in the market price of new single orders by about $7.04/ton.
The titanium slag market in the northern region is seeing a slight price increase compared to last month due to tight stock in slag factories. Despite the increase, high titanium slag manufacturers are still operating at the brink of loss due to cost impacts, and the high slag market quote continues to remain strong.
The price of Pan ore remains stable, and the overall supply of titanium ore in Yunnan and Chengde is also slightly tight. However, the high downstream cost has led to a pressure to reduce the price of titanium ore, and the price of titanium ore is expected to remain stable in the short term.
The price of titanium ore in Panxi, China remains unchanged. While the release of raw materials from Panzhihua Steel has slightly alleviated, the supply of titanium ore is still a bit tight. The companies are shipping well, and the market price remains stable.
The price of titanium ore in Panxi Dachang remains stable, with a slight easing of raw materials from Pancheng. However, there is still a slight tightness in the supply of titanium ore, and the companies’ shipments are good, maintaining a stable market price. This month, the bidding price of low-calcium, high-titanium slag from northern enterprises is CNY 7,800/ton (USD 1,091), an increase of CNY 110/ton (USD 15.39) from last month. The high-slag market is generally stable, and the slag factory’s quotation remains firm. Affected by cost and supply reduction, the quotation of acid slag enterprises has been slightly increased, but the downstream market is eager to lower prices. The pressure on new price orders is relatively large, but the market price is basically stable.
The bidding price for high titanium slag with low calcium and magnesium from northern companies this month is $1,092.41/ton, an increase of $15.40/ton from last month. The high slag market remains stable overall, and slag factory quotes remain firm. Affected by reduced costs and supply, acid slag companies have slightly increased their quotes. However, the downstream market has strong price-cutting sentiment, and the pressure on new orders is substantial, with market prices generally remaining stable.
The titanium ore market is operating steadily, with good business shipments and stable market prices. The bid price for low-calcium and high-titanium slag from northern companies this month is 7800 yuan/ton (equivalent to $1100/ton with exchange rate 7.09330), an increase of 110 yuan/ton ($15.51/ton) from last month. The high slag market is generally stable, and the slag factory’s quotation is firm. Due to cost and reduced supply, acid slag companies have slightly increased their prices, but the downstream market has a strong price reduction sentiment. The pressure to close new price orders is greater, and the market price is basically stable.
The prices of Panzhihua Iron and Steel Co. remain high, with steady demand in the downstream market. The supply and demand of titanium ore are basically balanced, and market prices are expected to continue to stabilize. This month, the bidding price for low-calcium and high-titanium slag from northern enterprises is 1,092.90 USD/ton, an increase of 15.41 USD/ton from last month. The high cost of raw materials and high slag costs remain high, and market quotes remain strong.