Price trend

This week, the titanium sponge market prices remained strong. According to the commodity market analysis system of SunSirs, as of May 17th, the benchmark price of SunSirs titanium sponge was 54,500.00 RMB/ton, a decrease of 0.46% compared to the beginning of this month (5450.00 RMB/ton).

Analysis review

In terms of raw materials, the high price of titanium concentrate had put pressure on the cost of high titanium slag enterprises. In addition, with the increase in electricity prices in Liaoning region, most production enterprises had suffered losses, and the market price of high titanium slag was under pressure and rising. According to the monitoring system of SunSirs, as of May 17th, the benchmark price of magnesium in SunSirs was 18,466.67 RMB/ton, a decrease of 1.07% compared to the beginning of this month (18,666.67 RMB/ton).

Downstream titanium material market demand was weak, and the market transaction atmosphere was cold.

Market outlook

Due to the high prices in the raw material market, magnesium ingot prices had fallen, titanium sponge production capacity had been continuously released, and production had increased. However, downstream market demand was weak, and the transaction atmosphere was cold, presenting a state of supply-demand imbalance. According to analysts from SunSirs Titanium sponge, the titanium sponge market is expected to remain strong in the near future. More attention should be paid to market news guidelines.

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