SunSirs: In April, the Titanium Concentrate Market in the Panxi Region Was Stable and Weaker
May 06 2024 11:41:03 SunSirs (John)
In April, the market price of titanium concentrate in the Panxi region remained stable and weaker. The manufacturer's prices were mainly stable, while traders had more flexible prices. As of April 28th, there was a strong wait-and-see sentiment in the market, and there was significant cost pressure in the downstream titanium dioxide market, so purchasing was cautious. As of April 28th, the tax-free quotation for grade 38-42 titanium ore was around 1,580-1,600 RMB/ton, the tax-free quotation for grade 46-10 titanium concentrate was around 2,300 RMB/ton, and the tax-free quotation for grade 47-20 titanium concentrate was around 2,350-2,480 RMB/ton. In the short term, the market price of titanium concentrate was mainly strong, and the actual transaction price is negotiable.
According to customs data, China imported 478,900 tons of titanium ore in March 2024, an increase of 11.23% year-on-year and 22.87% month on month; From January to March 2024, China imported a total of approximately 1.1749 million tons of titanium ore, a year-on-year increase of 6.45%, and the import volume increased by approximately 71,200 tons.
In March 2024, China exported 12055.07 tons of titanium ore, an increase of 882.48% year-on-year and 1170.92% month on month; From January to March 2024, China's cumulative export of titanium ore was about 15,038.81 tons, a year-on-year increase of 39.11%, and the export volume decreased by about 4,228.01 tons.
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