SunSirs: The Price of Titanium Concentrate in Panxi Region Temporarily Stabilized This Week (May 1-6)
May 08 2023 14:36:38 SunSirs (John)
Price trend
This week, the price of titanium concentrate in the Panxi region maintained stable. As of the 6th, the tax-free quotation for 38-42 grade titanium concentrate was around 1,550-1,600 RMB/ton, the tax-free quotation for 46 grade 10 titanium concentrate was around 2,250-2,280 RMB/ton, and the quotation for 47 grade 20 titanium concentrate was around 2,350-2,400 RMB/ton.
Analysis review
As of the 6th, the spot supply of titanium concentrate in the market was still somewhat tight. Recently, due to environmental inspections in the Chengde area, mining companies basically stopped production. Downstream titanium dioxide enterprises are under cost pressure, with an increase in procurement inquiries and mainly wait-and-see. The actual transaction was relatively cautious.
Market outlook
In the short term, the market price of titanium concentrate is stable for the time being, and the actual transaction price is negotiated separately.
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