SunSirs: The Titanium Tetrachloride Market Was Weak and Stable in February
March 01 2024 11:26:25 SunSirs (John)
Price trend
The titanium tetrachloride market operated weakly and steadily in February. According to the monitoring system of SunSirs, on February 29th, the benchmark price of titanium tetrachloride in SunSirs was 10,625.00 RMB/ton, a decrease of 2.97% compared to the beginning of this month (10,950.00 RMB/ton).
Analysis review
In terms of cost:
After the Spring Festival, the high titanium slag market started operating normally with sufficient inventory, but the high price of raw titanium ore put pressure on the production cost of high titanium slag; In addition, the shutdown of some slag plants had led to weak and stable market operation. In addition, the impact of imported titanium rich materials had led to weak operation of the high titanium slag market. The support for raw material costs was strong, and the high price of high slag was firm.
In terms of downstream demand:
Downstream titanium sponge enterprises and chlorinated titanium dioxide enterprises were operating normally, but some large enterprises produced and used more themselves, with low export volume and weak market demand. They mainly purchased on a daily basis.
Market outlook
According to a titanium tetrachloride analyst from SunSirs, there was high support in the raw material end, high cost pressure, and weak downstream demand. It is expected that the titanium tetrachloride market will operate weakly and steadily in March. More attention should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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