SunSirs: The Titanium Sponge Market Was Operating Steadily This Week (May 6-9)
May 11 2024 11:21:38 SunSirs (John)
Price trend
This week, the titanium sponge market prices remained strong. According to the commodity market analysis system of SunSirs, as of May 9th, the benchmark price of titanium sponge in SunSirs was 54,750.00 RMB/ton, which was the same as the beginning of this month.
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 havd 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 9th, 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 Titanium sponge analysts from SunSirs, the titanium sponge market is expected to remain strong in the near future. More attention should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
