Titanium market review in January 2025 and outlook in February
I. Market overview
In January 2025, the titanium concentrate market was weak and stable, and the tight spot supply led to price consolidation. Affected by rising costs, titanium dioxide and other titanium enterprises have successively increased prices, and some enterprises have increased their prices by 300-500 yuan/ton. Market output fluctuates and competition is fierce. It is expected that the titanium concentrate price will remain firm after the year, and there may even be a price increase.
Second, hot spots
The domestic titanium dioxide supply side is tight, and the supply of individual models is tight.
Titanium prices adjusted, a number of companies issued an increase notice at the end of the month, an increase of 300-500 yuan/ton.
The price of raw materials is high, and the cost pressure of titanium enterprises is still large.
Third, market review
Titanium concentrate: The mainstream price of 46% titanium concentrate in Panxi area was raised to 2000-2100 yuan/ton, affected by the price increase of Panxi Steel and the shortage of local raw materials, the market price went up, and the early low price basically disappeared.
Titanium slag: The operating rate of domestic titanium slag enterprises is low, and the purchase price of 90% high titanium slag in a large factory in the north is 7030 yuan/ton, which is higher than the order price in December.
Titanium sponge: The market price has risen, and the mainstream transaction price of 0# titanium sponge is 45,000-46,000 yuan/ton. Although some of the demand side is bearish, downstream enterprises still have pre-holiday stock demand, and long association enterprise orders support market prices.
Titanium dioxide: at the beginning of the month, the listed price of some leading enterprises was reduced by 200 yuan/ton, but the price of low-price orders in the early stage was increased (200-300 yuan/ton), and the price of titanium concentrate and sulfuric acid was high, and the market price was stabilized as a whole.
Titanium iron: orders are basically determined before the Spring Festival, and the market has sufficient orders in hand. Affected by the rise in the price of titanium and aluminum powder, the new single quotation is generally raised, and the previous low price disappears.
Market data:
In January 2025, China's titanium concentrate production was about 562,000 tons, down 6.18% year-on-year.
In January 2025, China's sponge titanium production was about 21,400 tons, an increase of 13.53%.
Market trading atmosphere: rising raw material prices stimulate terminal market procurement, pre-festival titanium enterprises to digest inventory, return funds, the market is active.
Iv. Outlook
Titanium concentrate: The port spot price of imported titanium concentrate has stabilized, but the downstream procurement is weak, the price pressure phenomenon is obvious, and the market price may be slightly adjusted.
Titanium slag: The downstream enterprises have serious price pressure phenomenon, and some production enterprises choose to stop production due to losses.
Sponge titanium: The new single quotation is firm, but it does not rule out subsequent adjustments due to fluctuations in market demand.
Titanium: Pre-holiday trading is active, but terminal demand growth is limited, there is an overdraft risk.
Titanium chemical: Before the festival, most titanium companies increase prices, and it is expected that the market focus may move up after the year.
On the whole, supported by the tight supply of raw materials and the price increase of titanium dioxide, it is expected that the price of domestic titanium concentrate will remain strong after the year, and the difficulty of low-cost procurement will increase, and prices may rise in some areas.
