SunSirs: The Titanium Sponge Market Had Been Operating Steadily This Week (May 20-24)
May 30 2024 15:44:30 SunSirs (John)
Price trend
The titanium sponge market had been operating steadily this week. According to the commodity market analysis system of SunSirs, as of May 24th, 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 (54,750.00 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 to rise. According to the monitoring system of SunSirs, as of May 24th, the benchmark price of magnesium in SunSirs was 18,733.33 RMB/ton, an increase of 0.36% 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 increased, 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 operate steadily in the near future. More attention should be paid to market news guidelines.
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