Price trend
The market price of titanium concentrate in Panxi region had slightly decreased this week. As of October 19th, the tax-free quotation for grade 38-42 titanium ore was around 1,550-1,600 RMB/ton, the tax-free quotation for grade 46-10 titanium concentrate was around 2,220-2,260 RMB/ton, and the quotation for grade 47-20 titanium concentrate was around 2,350-2,480 RMB/ton.
Analysis review
The market situation of downstream titanium dioxide enterprises was average, and market demand had declined. Procurement was mainly based on demand, and be cautious and wait-and-see.
Market outlook
In the short term, the market price of titanium concentrate is temporarily stable and the actual transaction price is negotiable.
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