టైటానియం ధర & Market Report from Baoji China (Updated 15 June 2024)

Titanium Market Brief

Explosion at Japan’s Toho Titanium Factory

• Date: June 9
• Result: The plant ceased operations, and production of sponge titanium and catalysts halted
• Impact: Significant effect on the international titanium market
• Response: Increased inquiries to China from foreign companies to address potential supply shortages

Domestic Sponge Titanium Production

• Record-breaking production:
  • Time: January to May
  • Total Production: Exceeded 100,000 tons
• Leading Company:
  • Annual Production Capacity: 80,000 tons, world’s largest producer
• May Production:
  • Quantity: Over 23,000 tons
  • Increase: 25% month-over-month
• Capability:
  • Domestic production can fill Japan’s production gap
  • Opens export channels

Market Expectations and Company Requirements

• Foreign inquiries: Surged due to tight international market supply
• Domestic orders: Expected increase
• Company Requirements:
  • Strengthen production
  • Improve product quality
  • Innovate technology and upgrade the industry
  • Reduce costs to meet market challenges

Domestic Titanium Market Trends

• Demand Growth:
  • Sectors:
    • Aerospace
    • Medical
    • Chemical
    • Energy
    • Marine engineering
  • Applications:
    • High-end equipment manufacturing
    • 3D printing
• Quality and Performance Requirements: Increased

Material Market Performance

Weekly Domestic Titanium Market Prices

More Titanium Market Report