Price trend

The price of titanium concentrate in the Panxi region fell in May. As of May 29th, the tax-free quotation for 38-42 grade titanium ore was around 1,550-1,580 RMB/ton, the tax-free quotation for 46 grade 10 titanium concentrate was around 2,240-2,260 RMB/ton, and the quotation for 47 grade 20 titanium concentrate was around 2,500-2,630 RMB/ton.

Analysis review

The titanium ore market in Panxi region was in a weak and stable state, and the production of titanium ore was basically stable. Environmental inspection in Yunnan region showed that mining operations were still insufficient. However, downstream titanium dioxide enterprises had a weak market situation, with poor market demand. The sentiment of price pressure in the titanium concentrate market was strong, and the market was cautious in purchasing and observing.

According to customs data, in April 2024, China imported 328,600 tons of titanium ore, a decrease of 5.09% year-on-year and 31.39% month on month, with a monthly average price of 333.09 US dollars per ton; From January to April 2024, China imported a total of approximately 1.5034 million tons of titanium ore, a year-on-year increase of 3.69%, and the import volume increased by approximately 53,500 tons.

In April 2024, China exported 6,778.46 tons of titanium ore, an increase of 419.12% year-on-year and a decrease of 43.77% month on month; From January to April 2024, China exported approximately 21,800 tons of titanium ore, an increase of 80.06% year-on-year, with an increase of approximately 9,700 tons in export volume.

Market outlook

In the short term, the price of Panxi titanium concentrate may continue to operate weakly and steadily, and the specific actual transaction price will be negotiated separately.

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