SunSirs: The Titanium Sponge Market Declined in May
June 04 2024 15:12:06 SunSirs (John)
Price trend
The titanium sponge market declined in May. According to the commodity market analysis system of SunSirs, as of May 31, 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 price of titanium concentrate in the Panxi region fell in May. According to the monitoring system of SunSirs, as of May 31, the benchmark price of SunSirs titanium concentrate was 2,253.33 RMB/ton, a decrease of 2.03% compared to the beginning of this month (2,300.00 RMB/ton).
The downstream titanium material market prices had fallen, and the market transaction atmosphere was lukewarm.
In terms of imports: According to customs data, China's titanium sponge exports in April 2024 were 182.5 tons, a decrease of 35.07% compared to the previous month.
Market outlook
Due to the decline in raw material market prices, the cost pressure on titanium sponge production enterprises had slowed down. With the continuous release of production capacity, production had increased. In addition, there was insufficient demand in the downstream titanium material market, resulting in an imbalance between supply and demand. According to titanium sponge analysts from SunSirs, the titanium sponge market is expected to operate weakly and steadily in the near future. More attention should be paid to market news guidelines.
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