SunSirs: In February, the Domestic First-class Titanium Sponge Market Prices First Rose and Then Stabilized

Price trend  

In February, the domestic first-class titanium sponge market first rose and then stabilized. On February 2nd, Yunnan Guotai Metal Co., Ltd. announced to the outside that the sales prices of various models of titanium sponge for the company was increased by 2,000 RMB per ton for various domestic customers on the basis of the original price. Following closely behind, other large enterprises also made an upward adjustment of around 2,000 RMB/ton.

According to the data monitoring system of SunSirs, as of February 28th, the benchmark price of first-class titanium sponge in SunSirs was 54,000.00 RMB/ton, an increase of 4.85% compared to the beginning of this month (51,500.00 RMB/ton).

Analysis review

In terms of cost:

In February, due to factors such as high prices at the cost side and rising electricity prices, several production companies raised the prices of titanium sponge. 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.

In terms of downstream demand:

After the Spring Festival, the market gradually recovered. The demand in the military industry market was stable, with a slight increase in demand for civilian products.

Market outlook

According to the prediction of titanium sponge analysts from SunSirs, the titanium sponge market will operate steadily in March due to factors such as the release of new market capacity, increased production, and high support for raw materials. More attention should be paid to market news guidelines.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.