Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 22, the benchmark price of domestic first-class titanium sponge was 54,750.00 RMB/ton, an increase of 1.39% compared to last week's (54,000.00 RMB/ton).

Analysis review

The upstream raw material end magnesium ingot market was operating in a volatile manner. According to the data monitoring system of SunSirs, as of March 22, the benchmark price of magnesium in SunSirs was 17,800.00 RMB/ton, a decrease of 0.74% compared to the beginning of this week (17,933.33 RMB/ton). The titanium raw material price in the titanium tetrachloride market was operating at a high level, with high cost pressure on production enterprises and tight supply. Some manufacturers had raised prices, which was supported by high market prices.

Recently, there had been no significant rebound in the downstream titanium material market, and demand was not strong. Although some manufacturers had announced an increase in the price of titanium sponge, the actual sales price remained firm and stable.

Market outlook

According to the prediction of titanium sponge analysts from SunSirs, there had been no significant rebound in the downstream titanium material market recently, demand was weak, raw materials side provided support at high levels, and inventory was tight. It is expected that the titanium sponge market price will remain strong.

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