Price trend:
According to monitoring data from Business Society, as of January 12, 2024, the domestic primary sponge titanium market price remained stable, with mainstream prices ranging from 52000 to 55000 yuan/ton, unchanged from last week.
Analysis of influencing factors:
The production capacity of sponge titanium enterprises throughout the entire process has been released, and the inventory has increased. The domestic supply of sponge titanium is sufficient. Among them, Liaoning has the largest increase in production, with a growth rate of 45%. At present, there is overcapacity in sponge titanium production, and the raw material end continues to rise, resulting in high costs. Downstream titanium material market demand is weak. However, as the end of the year approaches, the stocking sentiment has improved and the inventory has eased, but the signing price remains negotiable.
Post forecast:
Business Society Sponge Titanium Analyst believes that there is not much room for price increase in the sponge titanium market next week and it will continue to operate steadily.
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