August 10 Titanium Product Market Quotes

1. Titanium Market Overview

Titanium Ore

Today, the Panxi titanium ore price index stood at 1,351.25, down 37.5 from the previous working day. The Panxi ore market remained weak, with persistently sluggish new-order transactions and a steady stream of low-priced offers, keeping prices on a downtrend. It is learned that some major producers will also cut their quotes substantially this month. The titanium ore market is under pressure: raw material costs are high and supply-demand negotiations are intense. As for imported ore, downstream operating rates have declined and shipments of imported titanium ore remain sluggish, with prices still disorderly and the market weakening in tandem.

Titanium Slag

In July, the tender price of 90% low-calcium-magnesium high-titanium slag among northern enterprises was CNY 5,400/tonne, down CNY 50/tonne from June. With some downstream plants cutting operating rates, competition in the high-titanium slag market remained intense. Titanium feedstock prices were soft, but auxiliary material costs remained a heavy burden, so high-titanium slag prices held broadly steady.

Titanium Tetrachloride

Titanium tetrachloride was quoted at CNY 5,800-6,000/tonne. Supply and demand are broadly balanced, with steady shipments from producers, and prices continued to run smoothly.

Titanium Sponge

Titanium sponge prices were stable but soft. Mainstream quotes for grade 0 titanium sponge stood at around CNY 45,000-46,000/tonne, and mainstream quotes for grade 1 civilian titanium sponge at around CNY 44,000-45,000/tonne. Inventory pressure in the titanium sponge market remained high, while supply decreased slightly. With prices at low levels and supply and demand in a weak balance, titanium sponge prices held steady with a soft tone.

Titanium Dioxide

Today, the titanium dioxide price index stood at 14,676.56, unchanged from the previous working day. Some titanium dioxide plants cut operating rates, end-user demand remained weak, and market shipments stayed sluggish, with high inventory pressure and transaction prices edging down within a stable range. Combined with falling feedstock costs, the titanium dioxide market faces weak conditions on both the supply and demand sides. Prices are low, producers are increasingly adopting a wait-and-see stance, and titanium dioxide prices held steady with a weak tone.

2. Titanium Price Summary

3. Industry Operating Rates

Titanium Ore

Weak downstream demand kept operating rates at titanium ore processing plants low, with most miners remaining shut down and overall industry utilization insufficient.

Titanium Dioxide

Some titanium dioxide plants cut or halted production, pulling operating rates lower.

Titanium Sponge

A few titanium sponge plants reduced output, dragging market operating rates down.

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