Raw Material Costs: High raw material costs have given small and medium-sized miners strong confidence in their quotations. The downstream market is maintaining a wait-and-see approach, keeping the titanium ore market stable.
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Titanium Price: The price of titanium remains high with downstream buyers taking a wait-and-see approach. Market inventory remains tight, and the price continues to stay at high levels.
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The supply and demand for Pan mine remains balanced, with miner quotations staying firm. Due to insufficient production in Yunnan and Chengde titanium mines, market prices are stable with minimal expected increases. In July, the northern titanium slag index price is 7600 CNY/ton, a decrease of 200 CNY/ton from June. Due to market and cost price impacts, factory operations remain insufficient, and the market continues to be weak.
The titanium ore market continues to operate steadily, with raw material prices remaining high and titanium concentrate quotes staying strong.
In July, the bidding price for northern titanium slag was CNY 7600/ton, a decrease of CNY 200/ton compared to June. Due to market and cost influences, slag production remains insufficient, and the market is operating weakly.
The July bidding price for titanium slag in Northern China is 7600 CNY/ton, which has decreased by 200 CNY/ton compared to June. The market price is low, production pressure on slag plants is significant, and market supply pressure remains high. The market is maintaining a weak operation.
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The titanium ore prices remain high and firm, with weak new market transactions. Downstream product cost pressure is significant due to the supply-demand dynamics, resulting in a stable titanium ore market.