Sponge Titanium Market Impacted by Multiple Factors
According to market research, the latter half of this year has seen a prolonged low in sponge titanium prices, coupled with sluggish downstream demand and increasing production capacity. These factors have led to record-high inventory levels for titanium material manufacturers. Some large enterprises now hold inventories exceeding 1,000 toneladas, while small- and medium-sized enterprises have also reached hundreds of tons. Recently, downstream procurement has sharply declined due to economic uncertainties and the holiday season abroad (Christmas and New Year), further exacerbating the pressure on manufacturers. The pre-Spring Festival market and enterprise crisis are becoming increasingly apparent.
Possible Changes in Sponge Titanium Prices
In November, sponge titanium prices rose by approximately 7%. However, downstream enterprises showed low acceptance levels, resulting in significantly reduced procurement volumes. To break the deadlock and boost sales, sponge titanium producers are planning to take measures to stimulate the market before the Spring Festival. Enterprises should closely monitor market trends and seize opportunities accordingly.
Decline in Downstream Market Demand
In terms of sales, the titanium material market has shown no significant signs of improvement over the past week. Downstream customers continue to exhibit weak demand for titanium materials, with low purchasing willingness. Some customers have indicated that due to economic uncertainties, they prefer to adopt a wait-and-see approach and reduce non-essential procurement. This has increased the sales pressure on titanium suppliers, leading some manufacturers to halt or reduce production.
High Costs and Narrowing Profit Margins
Small- and medium-sized titanium material manufacturers are facing a critical survival moment. In recent years, manufacturers have heavily invested in equipment upgrades, significantly raising the industry’s entry threshold, with investments of tens of millions of yuan (millions in USD and EUR) now required to enter the field. This has led to a sharp increase in production costs. Simultaneously, the growth in market demand has not matched the rise in production capacity, causing intensified industry competition and significantly reduced processing fees. This vicious cycle has exacerbated imbalances in industry development, further compressing profit margins.
Titanium Market Performance This Week
- Sponge Titanium
- Prices remain stable, but sales difficulties persist, with fewer orders.
- Nota 0: $6,160–$6,300/ton (€5,720–€5,850/ton);
- Nota 1: $6,020–$6,160/ton (€5,580–€5,720/ton).
- Actual transaction prices are slightly lower.
- Titanium Ingots
- Rising inventories and market turmoil have caused wide price variations.
- Pure titanium ingots: $7,420–$7,560/ton (€6,910–€7,050/ton);
- TC4 liga de titânio ingots: $7,840–$8,120/ton (€7,280–€7,540/ton).
- Titanium Scrap
- Increased inquiries, with some enterprises selling at low prices.
- Pure titanium scrap:
$3,500/ton (€3,250/ton); - TC4 alloy scrap:
$3,080/ton (€2,860/ton).
- Titanium Slabs
- Fewer orders, but prices remain stable.
- Pure titanium slabs: $8,120–$8,680/ton (€7,540–€8,070/ton), with ample spot supply.
- Titanium Hot-Rolled Plates (Coils)
- Reduced downstream demand and greater sales difficulties.
- Pure titanium hot-rolled coils: $9,100–$10,220/ton (€8,450–€9,490/ton);
- Hot-rolled plates: $9,520–$10,500/ton (€8,870–€9,780/ton).
- Titanium Rods and Wires
- Stable market demand and rising order prices.
- Pure titanium rods: $16,800–$19,600/ton (€15,600–€18,200/ton);
- Titanium alloy rods: $25,200–$30,800/ton (€23,400–€28,600/ton).
- Pure titanium wires (φ2–φ4 mm): $19.60–$22.40/kg (€18.20–€20.80/kg).
- Titanium Pipes
- Stable market demand with unchanged prices.
- Pipes: $16,100–$16,800/ton (€14,900–€15,600/ton).
- Titanium Alloys
- Rising demand with stable prices, showing slight variations across alloys.
- Intermediate Alloys
- Aluminum-vanadium intermediate alloy prices remain stable, com 55% vanadium priced at approximately $16,100/ton (€14,900/ton).
Current price
| Category | Item Name | Specification | Price Range (CNY) | Price Range (USD) | Price Range (EUR) |
|---|---|---|---|---|---|
| Sponge Titanium | 0 Nota (Domestic) | 4.4–4.5 万元/吨 | 6160–6300 USD/ton | 5720–5850 EUR/ton | |
| 1 Nota (Domestic) | 4.3–4.4 万元/吨 | 6020–6160 USD/ton | 5590–5720 EUR/ton | ||
| 2 Nota | 4.2–4.3 万元/吨 | 5880–6020 USD/ton | 5460–5590 EUR/ton | ||
| Titanium Ingot | Pure Titanium TA1 | 5.3–5.4 万元/吨 | 7420–7560 USD/ton | 6880–7020 EUR/ton | |
| Pure Titanium TA2 | 5.1–5.2 万元/吨 | 7140–7280 USD/ton | 6620–6760 EUR/ton | ||
| Titanium Alloy TC4 | 5.6–5.8 万元/吨 | 7840–8120 USD/ton | 7280–7540 EUR/ton | ||
| Titanium Plate | Pure Titanium | 5.8–6.2 万元/吨 | 8120–8680 USD/ton | 7540–8060 EUR/ton | |
| EB Titanium Plate | 5.6–5.8 万元/吨 | 7840–8120 USD/ton | 7280–7540 EUR/ton | ||
| Titanium Roll | Hot Rolled Pure Titanium Plate | 6.5–7.3 万元/吨 | 9100–10220 USD/ton | 8440–9470 EUR/ton | |
| Cold Rolled Titanium | Pure Titanium | 7.3–7.8 万元/吨 | 10220–10920 USD/ton | 9470–10140 EUR/ton | |
| Hot Rolled Plate | 1.5 mm Pure Titanium | 6.2–6.7 万元/吨 | 8680–9380 USD/ton | 8060–8710 EUR/ton | |
| 1.2 mm Pure Titanium | 6.0–6.4 万元/吨 | 8400–8960 USD/ton | 7800–8320 EUR/ton | ||
| Titanium Sheet | Standard Pure Titanium | 7.5–8.5 万元/吨 | 10500–11900 USD/ton | 9750–11050 EUR/ton | |
| Cold Rolled Plate | TA10 (TiMoNi) | 12–13 万元/吨 | 16800–18200 USD/ton | 15600–16900 EUR/ton | |
| TC4 Titanium Alloy | Medium Standard Size | 15–18 万元/吨 | 21000–25200 USD/ton | 19500–23400 EUR/ton | |
| Seamless Pipe | Titanium Alloy Pipe | 80–85 元/公斤 | 11.20–11.90 USD/kg | 10.40–11.05 EUR/kg | |
| Welded Pipe | φ20–30 mm | 120–125 元/公斤 | 16.80–17.50 USD/kg | 15.60–16.25 EUR/kg | |
| Welded Pipe φ20–30 mm | 115–120 元/公斤 | 16.10–16.80 USD/kg | 14.95–15.60 EUR/kg | ||
| Titanium Rod | Pure Titanium Rod | φ20–40 mm | 100–110 元/公斤 | 14.00–15.40 USD/kg | 13.00–14.30 EUR/kg |
| TC4 Polished Rod | φ20–40 mm | 160–200 元/公斤 | 22.40–28.00 USD/kg | 20.80–26.00 EUR/kg | |
| Titanium Wire | Pure Titanium Wire | φ2–5 mm | 140–220 元/公斤 | 19.60–30.80 USD/kg | 18.20–28.60 EUR/kg |
| TC4 Wire | φ2–5 mm | 240–260 元/公斤 | 33.60–36.40 USD/kg | 31.20–33.80 EUR/kg |