Titanium Market Report December 2015
2016-01-11 08:44:52 【Print】
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With little improvement of demand and sluggish economic state continued to be seen this month, the Chinese titanium market did not warm up in December. Titanium concentrate prices hovered over low price level, though the spot market saw increased sales compared with that of last month. Speaking of the transactions, the imported titanium concentrate took up great market share as domestic titanium concentrate producers holding large stocks on hand hesitated to sell at low prices. The price of high titanium slag decreased slightly again this month and the supply of which remained stable in the market. Producers under production noted that the operations were to maintain the regular consumers and skilled workers, though suffered loss to continue the production. As to titanium tetrachloride, the prices of which kept decreasing in whole December. Most small-sized titanium tetrachloride plants announced suspensions these two months successively claimed that they had no intention to resume production. The producers struggled to find more downstream buyers.
Compared with that of last month, the prices decline of titanium sponge slowed down and remained on low but stable level in December generally. Insiders shared that the spot market saw the sales volume rebound in the past three weeks and expected stable price and market trend in the near future. Also, the tight fund pressure still bothered the producers a lot. The downstream market of titanium sponge, the titanium mill products market, kept inactive with decreasing transactions concluded in the spot market; Producers and traders put the continuous price reductions down to the poor demand as well as the off-season in this year.
It is mentionable that the titanium dioxide prices increased despite the sluggish demand from the downstream market. The international titanium dioxide giants lifted the export price of titanium dioxide by USD50/t in succession and most domestic titanium dioxide producers followed suit, expecting the further price appreciation of titanium dioxide.
As to ferrotitanium market, there were still limited deals concluded in the whole December owing to the weak demand from steel industry. In overseas market, the prices of ferrotitanium showed no sharp signs of movement over the past couple of weeks as most market participants entered winter break, especially in the second half of December. Chinese ferrotitanium markets saw continuous price declines during the past days. Producers held a certain amount of stocks on hand and the ferrotitanium market is hard to warm up in the coming month. However, the price increase of aluminum ingot in the last week of this month led some ferrotitanium 30% min producers to wait sidelines in hope of better transaction prices ferrotitanium.
Compared with that of last month, the prices decline of titanium sponge slowed down and remained on low but stable level in December generally. Insiders shared that the spot market saw the sales volume rebound in the past three weeks and expected stable price and market trend in the near future. Also, the tight fund pressure still bothered the producers a lot. The downstream market of titanium sponge, the titanium mill products market, kept inactive with decreasing transactions concluded in the spot market; Producers and traders put the continuous price reductions down to the poor demand as well as the off-season in this year.
It is mentionable that the titanium dioxide prices increased despite the sluggish demand from the downstream market. The international titanium dioxide giants lifted the export price of titanium dioxide by USD50/t in succession and most domestic titanium dioxide producers followed suit, expecting the further price appreciation of titanium dioxide.
As to ferrotitanium market, there were still limited deals concluded in the whole December owing to the weak demand from steel industry. In overseas market, the prices of ferrotitanium showed no sharp signs of movement over the past couple of weeks as most market participants entered winter break, especially in the second half of December. Chinese ferrotitanium markets saw continuous price declines during the past days. Producers held a certain amount of stocks on hand and the ferrotitanium market is hard to warm up in the coming month. However, the price increase of aluminum ingot in the last week of this month led some ferrotitanium 30% min producers to wait sidelines in hope of better transaction prices ferrotitanium.
