The price of China’s ore is high and tight, and the spot market for titanium concentrate is also somewhat tense. The pressure for ore merchants to ship goods is not significant, with market quotations continuing to run strongly. The titanium slag market has been relatively stable recently, with prices maintaining a steady operation. However, the cost of raw materials is still high, and the cost of high slag continues to run under pressure.
The Panxi titanium ore market is operating steadily, with spot market supply still tight and miners’ quotations remaining firm. The mainstream transaction price is temporarily stable. Due to the tight inventory of slag factories in the northern region, the bidding price of low-calcium, high-magnesium, high-titanium slag for northern companies this month has been slightly adjusted up compared to last month. The supply of acid slag is tight, with prices maintaining a firm performance.
The Panxi titanium ore market is running strong with a tight spot market. The ore merchants’ quotations remain firm and the mainstream transaction prices are temporarily stable. Due to a lack of inventory in northern slag factories, the tender price of low-calcium, high-magnesium, high-titanium slag in northern companies was slightly increased compared to last month. The supply of acid slag is tight and the price remains strong.
The market supply of low-phosphorus titanium concentrate remains tight, with high positions in China Minerals. The cost of selecting factories is high, and the quotations of small and medium enterprises continue to be firm: the mainstream transaction price has not changed much. Due to the tight inventory of slag factories in the northern region, the bidding price for low-calcium, high-titanium slag from northern enterprises this month has been slightly adjusted compared to last month; the supply of acid slag is tight, and the price maintains a firm operation.
The supply of low-phosphorus titanium concentrate in the market remains tight, with China Minerals staying high: the cost of choosing a factory is high, medium and small enterprises continue to quote firm: the mainstream transaction price has not changed much. Due to the tight stock of slag factories in the northern region, the bidding price of low-calcium, high-titanium slag from northern enterprises has slightly increased compared to last month; the supply of acid slag is tight and the price remains firm.
The titanium slag in the northern region is in short supply due to tight inventory in slag factories, which has led to a slight increase in the bid price of low-calcium, high-magnesium titanium slag from northern companies this month compared to last month. The supply of acid slag is also tight, and prices remain firm.
The prices of Panzhihua and Chengde ores remain robust. The demand for Yunnan titanium ore has increased, leading to good shipments by miners and a slight increase in new order quotations. The supply of titanium slag in the northern region is slightly tight due to low inventory in the slag factories. The tender price of low-calcium, high-titanium slag by northern companies has slightly increased compared to last month.
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.