Brief of the China Titanium Market
Supply-Demand Imbalance:
- The titanium market faces a supply-demand imbalance, putting sponge titanium prices in a dilemma.
Production Records:
- Domestic sponge titanium production has set a new record.
- Total domestic production exceeded 100,000 tons from January to May.
- One company achieved an annual capacity of 80,000 toneladas, making it the world’s largest sponge titanium producer.
- In May, domestic sponge titanium production exceeded 23,000 toneladas, a 25% month-on-month increase.
Demand Mismatch:
- Despite significant production increases, downstream demand has not kept pace.
- Economic conditions have slowed growth in some traditional application fields.
- The military sector has also seen a decline in growth.
- This has led to a mismatch between raw material supply and demand.
Price Adjustments:
Since May, the titanium price of ore and magnesium ingots has continued to fall, providing room for adjustments in sponge titanium prices.
Sponge titanium producers face a difficult situation:
- Market mentality prefers buying on a rise, not on a fall, making price reductions less effective in attracting buyers.
- Increasing domestic inflation pressure and potential further depreciation of the renminbi complicate decision-making.
Production companies are experiencing:
- Inventory backlogs
- Difficulty selling high-priced products
- Increased discounts for large customers
Future Price Trends:
- The future trend of sponge titanium prices requires further monitoring of market dynamics.
Stable Demand for Titanium Materials:
- Demand in the titanium materials market remains stable.
- Rapid growth in demand for liga de titânio bares e fios in the 3C electronics industry.
- Expansion of the export market has brought new vitality to the market.
The Titanium Price in China Market for Reference (6junho 2024)
| Produto | Price Range (USD) |
|---|---|
| Sponge Titanium | |
| Nota 0 Domestic | $7,929 – $8,075 per ton |
| Nota 1 Domestic | $7,778 – $7,929 per ton |
| Nota 2 Domestic | $7,500 – $7,651 per ton |
| Titanium and Titanium Alloy Ingots | |
| TA1 Ingot Quotation | $9,206 – $9,500 per ton |
| TA2 Ingot Quotation | $9,206 – $9,355 per ton |
| TC4 Ingot Quotation | $9,500 – $9,793 per ton |
| Major Titanium and Titanium Alloy Materials | |
| Pure plate quotations from other regions in China | $9,793 – $10,065 per ton |
| Hot-rolled and cold-rolled prices: | |
| Black skin coil quotation | $12,528 – $12,903 per ton |
| Cold-rolled coil quotation | $13,617 – $14,122 per ton |
| Hot-rolled plate (1.5 meters wide) quotation | $12,903 – $13,278 per ton |
| Hot-rolled plate (1.2 meters wide) quotation | $12,419 – $12,903 per ton |
| Cold-rolled plate (standard plate middle size) quotation | $13,225 – $16,359 per ton |
| TA10 (TiMoNi) titanium plate quotation | $21,071 – $22,500 per ton |
| Titanium billet quotation | $13.16 – $14.14 per kilogram |
| Finished titanium pipes (φ20-30mm) quotation | $19.40 – $20.23 per kilogram |
| Finished titanium welded pipes (φ20-30mm) quotation | $18.56 – $20.23 per kilogram |
| Finished pure titanium rods (φ20-40mm) quotation | $18.56 – $20.23 per kilogram |
| Finished titanium alloy (TC4) varas (φ20-40mm) quotation | $27.73 – $32.14 per kilogram |