Price trend

The price of titanium concentrate in Panxi region rose this month. As of the 30th, the tax-free quotation for 38-42 grade titanium middling ore was around 1,520-1,550 RMB/ton, the tax-free quotation for 46 grade 10 titanium concentrate was around 2,180-2,300 RMB/ton, and the quotation for 47 grade 20 titanium concentrate was around 2,300-2,500 RMB/ton.

Analysis review

As of the 30th, the spot supply in the titanium concentrate market was tight, and most enterprises delivered early orders. The order in hand had been scheduled until next month. Miners were obviously reluctant to sell, and they were more wait-and-see, with stable and upward prices on the market.

Market outlook

In the short term, the spot market is tight, and the market has a strong wait-and-see mentality. There is a possibility that titanium concentrate will continue to rise, and the actual transaction price is subject to single negotiation.

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