Titanium Ore
The price of small and medium-sized titanium ores in Panxi area continued to decline this week, with a drop of 30-50 yuan per ton. At present, the price of 46 and 10 titanium ores of small and medium-sized manufacturers is in the range of 2050-2100 yuan/ton, the price of 47 and 20 ores is 2200-2280 yuan/ton, and the tax-exclusive quotation of 38 titanium medium ore is 1480-1500 yuan/ton. Due to the high cost pressure of the downstream titanium dioxide market and the continuous price reduction, the shipment of small and medium-sized titanium ores has been hindered, and the low-priced supply has increased.
The market price of imported titanium ore is stable, with the CIF price of Mozambique titanium ore at US$370/ton, the FOB price of Vietnam B ore at US$320/ton, the CIF price of Australia at US$315/ton, and the ex-factory price of Nigerian 48-50 ores at 2400-2500 yuan/ton. Although the price of Panjin ore is high and the downstream is seeking cost-effective products, the price of imported ore is firm due to the high cost of the concentrator. From January to February 2025, the cumulative import of titanium ore was about 878,600 tons, an increase of 26.24% year-on-year, and the import volume increased by about 182,600 tons. It is expected that the price of imported titanium ore will remain stable in the future.
Titanium slag and titanium tetrachloride
The high titanium slag market is currently in a downturn. The price of 90% low calcium magnesium high titanium slag of northern enterprises remains at 7,000 yuan/ton. The bidding price of 85 slag in the southwest region this month is 6,480 yuan/ton, a decrease of 20 yuan/ton from the previous month. Due to the high price of raw titanium ore and the weak downstream demand, the operating rate of enterprises is low, and the subsequent market price is expected to be weak and strong. The acid slag market is temporarily stable, and there are few operating enterprises. The ex-factory price including tax in Sichuan is 5,820-5,870 yuan/ton, and 4,650 yuan/ton in Yunnan. The titanium dioxide operating rate is high but the demand for acid slag is weak, and the shipment of new orders is poor.
The titanium tetrachloride market remained stable this week, with prices ranging from 5,700 to 6,400 yuan/ton. Due to the production control of some titanium sponge enterprises, the demand for titanium tetrachloride has decreased, and enterprises have difficulty in receiving orders. In addition, the prices of raw and auxiliary materials are high and the cost pressure is high. Prices will remain stable in the short term.
Titanium dioxide and sulfuric acid
The titanium dioxide market is in a wait-and-see mood. At the beginning of the week, Ningbo Xinfu sent a letter to increase prices. The ex-factory price of China's rutile titanium dioxide, including tax, is 14,400-15,100 yuan/ton, and the anatase is 12,800-13,400 yuan/ton. Market demand in March did not meet expectations, but exports performed well. From January to February, the cumulative exports were about 315,900 tons, a year-on-year increase of 7.68%. The price of raw sulfuric acid has risen. Although the price of some titanium ore has fallen, the cost has increased, and the profits of enterprises have declined. Some enterprises have stopped production due to auxiliary material problems, affecting the market volume of 4,000-5,000 tons. In the short term, the price of titanium dioxide is firm, and some may be slightly increased.
Sponge titanium
The market price of sponge titanium is stable, with the price of grade 1 at 47,000-50,000 yuan/ton and the price of grade 0 at 48,000-51,000 yuan/ton. Due to the rising price of raw material magnesium ingots, the cost has increased, and the market is under-operated, some companies have reduced production, but the downstream demand is stable and the inventory is not high, so the quotation continues to be strong.
Market forecast
Looking forward to the market, the price of titanium ore may remain stable due to the reduction in supply; the price of titanium dioxide will remain strong due to the high cost; the inventory of sponge titanium is not high, and the price will also remain stable. However, the market is greatly affected by factors such as raw material prices, downstream demand, and policies. Relevant companies need to pay close attention to market trends and flexibly adjust their business strategies to gain an advantage in market competition.
