September 14, 2024 – The domestic titanium ore market exhibited a steady trend this week, with minimal price fluctuations observed. In the titanium-rich region of Panxi, the selling price of 20# titanium ore remained stable within the range of 2450-2600 yuan per ton (excluding tax), while 10# titanium ore held firm at 2250-2280 yuan per ton among small and medium-sized miners. Due to supply constraints, the price of medium-grade titanium concentrate continued to operate at elevated levels.
Shifting focus to the imported ore market, the prices of low-grade foreign ores remained unchanged amidst stable demand for titanium dioxide. However, slag plants demonstrated a noticeable lack of appetite for high-priced, high-quality ores, resulting in a dearth of transaction records. According to insights from the Color Masterbatch Industry Network, this situation is closely tied to the current market supply and demand dynamics.
In the realm of titanium dioxide, the quoted prices for sulfate-process rutile titanium dioxide hovered between 14700-16200 yuan per ton, with no significant increase in market demand. It is worth noting that despite high raw material costs and relatively low industry operating rates, titanium dioxide prices did not exhibit a substantial downward trend. Furthermore, in an effort to bridge the price gap with the international market, circumvent potential anti-dumping investigations, and stimulate downstream enterprises’ stockpiling intentions, leading titanium dioxide manufacturers have implemented a price increase of $100 per ton in the international market.
Overall, both the titanium ore and titanium dioxide markets maintained price stability this week. Market supply and demand, coupled with cost factors, jointly influenced price movements, ensuring that despite the yet-to-recover downstream demand, the support from raw material prices kept titanium dioxide prices steady.