SunSirs: Supported by the High Cost of Titanium Sponge, Prices of Some Enterprises Had Risen
April 01 2024 09:58:11 SunSirs (John)
Price trend
In March, the domestic first-class titanium sponge market remained stable and upward. Jiyuan Ruiyang Industrial Co., Ltd. raised 2,000 RMB/ton, and Yunnan Guotai Metal Co., Ltd. also issued a price increase letter on March 20, claiming to increase the sales prices of various types of titanium sponge for the company by 2,000 RMB/ton for domestic customers and 300 US dollars/ton for international customers on the basis of the original price. According to the data monitoring system of SunSirs, as of March 28th, the benchmark price of SunSirs titanium sponge was 54,750.00 RMB/ton, an increase of 1.39% compared to the beginning of this month (54,000.00 RMB/ton).
Analysis review
In terms of cost:
In March, due to factors such as high cost and rising electricity prices, several production companies raised the price of titanium sponge. The high titanium slag raw material market was affected by new production capacity, resulting in oversupply in the industry; However, the high price of raw materials such as titanium ore put great pressure on the production cost of high titanium slag; Causing weak and stable market operation.
In terms of downstream demand:
The downstream titanium material market demand remained stable, titanium sponge shipments were normal, and orders were good.
Market outlook
According to Titanium sponge analysts from SunSirs, the titanium sponge market operated steadily in April 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.
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