The price of titanium concentrate in the Panxi region increased in February. With the decrease in raw ore supply, titanium ore spot prices continued to be tight, enterprise inventories were low, and enterprise orders were mostly scheduled for next month, leading to an increase in market prices. As of February 26th, the tax-free quotation for grade 38-42 titanium ore was around 1,550-1,580 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 is mainly strong, and the actual transaction price is negotiable.

According to customs data, in December 2023, China imported 364,000 tons of titanium ore, an increase of 25.96% year-on-year and a decrease of 1.74% month on month, with a monthly average price of 309.98 US dollars per ton; In 2023, China imported approximately 4.2719 million tons of titanium ore, a year-on-year increase of 23.03%, and the import volume increased by approximately 799,800 tons.

In December 2023, China exported 2,237.57 tons of titanium ore, an increase of 52.39% year-on-year and 57.12% month on month; In 2023, China's total export of titanium ore reached approximately 24,400 tons, a year-on-year increase of 10.95%, and the export volume increased by approximately 2,411.64 tons. In the short term, the market price of titanium concentrate is mainly strong, and the actual transaction price is negotiable.

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