In June, the bidding price of titanium slag in Northern China is between 7750-7850 CNY/ton (approximately 1070-1084 USD/ton). The downstream titanium dioxide market is weakening, causing significant cost pressure on companies, and the titanium flow market is operating weakly.
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In June, the bidding price for northern titanium slag ranged from 7750 to 7850 CNY/ton (approximately 1072.27 to 1086.13 USD/ton). The downstream titanium dioxide market weakened, causing significant cost pressure on companies, leading to a weak operation in the titanium flow market.
Some individual processing plants are still under maintenance and have not yet resumed operations. With the tight supply of intermediate ore, the processing plant costs are high, and the prices remain firm. Some miners’ prices are around $309.59/ton (2200 yuan/ton).
The iron ore market remains weak with continued sluggish demand. Future demand from steel mills is expected to decrease, leading to a cautious stance from many miners and a continued supply-demand standoff in the market.
The environmental inspection by the Central Supervision Team in Yunnan is expected to conclude on the 9th. Recently, titanium ore prices have remained stable, with the downstream market weakening slightly. Titanium ore transactions are under pressure due to tight overall supply, with some miners maintaining firm prices.