Price trend
In terms of titanium concentrate, the price of titanium concentrate in Panxi region had slightly increased this week. As of July 21st, the tax-free quotation for grade 38-42 titanium concentrate was around 1,400-1,500 RMB/ton, the tax-free quotation for grade 46-10 titanium concentrate was around 2,100-2,160 RMB/ton, and the quotation for grade 47-20 titanium concentrate was around 2,300-2,350 RMB/ton.
Analysis review
As of July 21st, the titanium concentrate market was tight and transaction prices were up. The titanium ore market was currently under construction, and the quotation was firm, with some quotations increasing. Downstream titanium dioxide enterprises were under high pressure due to cost considerations, and their procurement was mostly wait-and-see and cautious. Overall, the titanium ore market was relatively stagnant.
Market outlook
In the short term, the market price of titanium concentrate is strong and the actual transaction price is negotiable.
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