SunSirs: The Titanium Sponge Market Operated Steadily This Week (April 15-18)
April 19 2024 14:19:37 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of April 18th, the benchmark price of SunSirs titanium sponge was 54,750.00 RMB/ton, which was the same as the beginning of this month.
Analysis review
This week, the raw material titanium ore market was weak, and some high priced sources had lowered their prices. According to the monitoring system of SunSirs, as of April 18th, the benchmark price of titanium concentrate in SunSirs was 2,300.00 RMB/ton, a decrease of 0.72% compared to the beginning of this month (2,316.67 RMB/ton). Procurement should be based on demand, and with more waiting and seeing. The downstream titanium material market demand was stable, and titanium sponge shipments were normal.
Market outlook
According to titanium sponge analysts from SunSirs, although raw material prices had fallen, the cost side was still under high pressure, and the market was mostly wait-and-see, purchasing on demand. The downstream titanium material market demand was stable, titanium sponge shipments were normal, and supply and demand were balanced. It is expected that the titanium sponge market will continue to operate steadily in the near future. More attention should be paid to market news guidelines..
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