SunSirs: The Domestic Titanium Sponge Market Fell This Week (January 22-26)
January 29 2024 14:38:59 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of January 26th, the benchmark price of SunSirs Titanium Sponge was 51,500.00 RMB/ton, a decrease of 3.74% compared to the beginning of this week (53,500.00 RMB/ton).
Analysis review
The production capacity of Titanium Sponge enterprises throughout the entire process had been released, and inventory levels had increased, resulting in oversupply of domestic Titanium Sponge. Among them, Liaoning had the largest increase in production, with a growth rate of 45%. As of January 26th, there was overcapacity in Titanium Sponge production, and the raw material end continued to rise, resulting in high costs. Downstream titanium material market demand was weak. However, as the end of the year approaching, the stocking sentiment had improved and the inventory had eased, but the signing price remained negotiable.
Market outlook
SunSirs’ Titanium Sponge Analyst believes that there is not much room for price increase in the Titanium Sponge market next week and it will continue to operate weakly and steadily.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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- 2024-04-19 SunSirs: The Titanium Sponge Market Operated Steadily This Week (April 15-18)
- 2024-04-11 SunSirs: The titanium sponge market was Stable this week (April 7-10)
- 2024-04-07 SunSirs: The Titanium Sponge Market Was Stable This Week (April 1-3)
- 2024-04-01 SunSirs: Supported by the High Cost of Titanium Sponge, Prices of Some Enterprises Had Risen
