Titanium Price

Titanium Price & 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

Material Type Market Trend Price Range (USD)
Sponge Titanium Stable demand, increased sales
  • Grade 1: $7,000/ton
Titanium Ingots Increased market demand
  • Pure titanium: $7,840-$8,120/ton
  • TC4 titanium alloy: $8,400-$8,820/ton
Titanium Scrap Decreased supply, rising prices
  • $3,220/ton ~ $4,200/ton
Titanium Slabs Stable supply, abundant resources
  • Pure titanium: $8,680-$8,820/ton
Titanium Hot Rolled Plates (Coils) Growing demand, longer production cycles
  • Hot rolled coil: $11,200-$11,620/ton
  • Hot rolled plate: ~$10,920/ton
Titanium Bars and Wires Stable demand growth, stable prices
  • Pure titanium bars: $16,800-$19,600/ton
  • Titanium alloy bars: $25,200-$30,800/ton
  • Pure titanium wire (2-4 mm):$22.40-$25.20/kg
Titanium Tubes Weak demand, insufficient orders
  • $16,100-$18,200/ton
Titanium Alloys Growing orders, stable prices

Weekly Domestic Titanium Market Prices

Category Specifications Price Range (USD)
Sponge Titanium Grade 0 Domestic $7,140-$7,280/ton
Grade 1 Domestic $7,000-$7,140/ton
Grade 2 Domestic $6,720-$6,860/ton
Titanium and Titanium Alloy Ingots TA1 Ingots $8,120-$8,260/ton
TA2 Ingots $8,260-$8,400/ton
TC4 Ingots $8,400-$8,680/ton
Main Titanium and Titanium Alloy Materials Pure Slabs $8,820-$9,100/ton
Black Coils $11,200-$11,620/ton
Cold Rolled Coils $12,460-$13,020/ton
Hot Rolled Plates (1.5m wide) $11,480-$11,900/ton
Hot Rolled Plates (1.2m wide) $10,920-$11,480/ton
Cold Rolled Plates (standard size) $11,900-$14,700/ton
TA10 (TiMoNi) Plates $20,300-$21,700/ton
Titanium Tube Billets $11.48-$12.32/kg
Finished Titanium Tubes (20-30mm) $16.80-$18.20/kg
Finished Titanium Welded Tubes (20-30mm) $16.80-$17.50/kg
Finished Pure Titanium Bright Bars (20-40mm) $15.40-$17.50/kg
Finished Titanium Alloy (TC4) Bright Bars (20-40mm) $25.20-$29.40/kg

More Titanium Market Report 

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