Recent Situation of Titanium Market
The price of titanium ore increased. In Panzhihua area, driven by the price rise of Panzhihua Steel's titanium ore, the price of small factories rose accordingly. In terms of imported minerals, the price should be discussed in a single way. Some foreign traders have suspended quotation due to tight supply.
The price of titanium dioxide is running at a high level, and some enterprises have raised the price one after another, while the downstream procurement is more cautious.
Affected by the price of raw materials, titanium sponge enterprise production cost pressure is greater, enterprise inventory tension, market demand exceeds supply, price later may rise again. Price of downstream products such as titanium tube, titanium sheet, titanium bar will probably go higher.
The price of magnesium ingot rose sharply. Some buyers said that because the price rose too fast and the price was in real-time change, titanium sponge enterprises were more cautious in purchasing and were mostly in the wait-and-see market.
