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Sponge titanium fell below 60000 yuan, followed by a decline in the titanium material market. Analysis of China's titanium market for a week (July 3-7

Since the second quarter of this year, the domestic and foreign titanium material consumption markets have entered the off-season, with a significant decrease in demand. According to data obtained from personnel from Baoji Titanium Industry Research Institute conducting research in enterprises, titanium production enterprises have entered a very difficult period. Except for some state-owned backbone enterprises relying on military market support, the order volume of small and medium-sized titanium enterprises has decreased by 30-40% compared to last year.

Recently, the domestic sponge titanium market has been affected by reduced demand, resulting in a continuous decline in market sales prices. Grade 1 sponge titanium has fallen below 60000 yuan, and some sponge titanium enterprises are approaching 50000 yuan in sales prices. The significant price drop in the sponge titanium market has also caused a continuous decline in the titanium material market price, especially with the titanium ingot market price dropping by more than 10%, and more enterprises have stopped quoting. The comprehensive transmission of prices will take some time.

This week, the domestic titanium market is mainly weak, and downstream demand has not increased. There are many customer inquiries, but the market is mainly wait-and-see. The following is a report on the main products in the titanium material market:

1. Sponge titanium weak and stable

This week, the trading situation in the sponge titanium market has been relatively stable, and the trading volume is insufficient. The market is still cautious about the price reduction of sponge titanium. The transaction price of Level 1 sponge titanium in the market has dropped below 60000 yuan, with the highest remaining at 58000 yuan per ton, and some companies have lower sales prices. Sponge titanium has experienced a cumulative decline of over 19% this year, and it is expected that the sponge titanium market will be mainly weak in the near future, with some room for decline.

2. Titanium ingots rapidly decline with sponge titanium

This week, the price of titanium ingots has rapidly declined due to the impact of raw material sponge titanium prices, with a decline of over 10%. Most companies have stopped quoting to the outside world. The situation of titanium alloy ingots is slightly better than that of pure titanium ingots, and the decline is also much lower than that of pure titanium.

3. Reduced demand for wide titanium plates and coils, slightly lower prices

This week, the market for wide titanium plates and coils remained relatively stable, with demand remaining at a relatively low level compared to last year. Although the market demand is not strong enough, due to production and supply being controlled by a few large steel mills, there has been no significant fluctuation in market prices, only minor adjustments have been made.

4. The demand for titanium rod and wire has declined, and prices remain stable

This week, the demand for titanium rod and wire in the market has declined, with some companies experiencing a 30% decrease in orders. Many companies have started taking weekends off to reduce personnel expenses. However, due to the long production cycle of titanium rod and wire, the sponge titanium required for product production at this stage was purchased at an earlier stage, making it difficult for enterprises to reduce prices due to breakeven or slight loss operations.

5. Reduced demand in the titanium tube market

This week, due to factors such as weak market demand and intensified industry competition, the demand for titanium pipes has continued to decrease, with order volume decreasing by about 30%. The difficulties faced by enterprises have intensified, and the market performance has been relatively cautious.

6. Stable market for titanium alloy materials

The titanium alloy material market has remained relatively stable this week, with little impact from the price reduction of pure titanium. At the same time, titanium alloy materials are supported by high-end industries such as aerospace and shipbuilding, with stable market demand and relatively stable prices.

This week, the titanium material market was mainly weak, with overall demand weakening and prices falling to a certain extent. It is expected that the titanium market will continue to be weak in the second half of the year, and the improvement of the existing pattern needs to rely on the overall improvement of the international and domestic economic situation. Enterprises should closely monitor market changes and reports from Titanium Home, and respond flexibly to ensure a competitive advantage in the fiercely competitive industry.

The domestic titanium material market prices this week are as follows:

1. Sponge titanium

60-61000 yuan/ton domestically produced at level 0

Level 1 domestically produced 58000 to 60000 yuan/ton

Level 2 domestically produced 55000-56000 yuan/ton

2. Titanium and titanium alloy ingots

TA1 ingot quotation: 73000 to 75000 yuan/ton

TA2 ingot quotation: 70-72000 yuan/ton

TC4 ingot quotation: 88000 to 90000 yuan/ton

3. Main titanium and titanium alloy materials

Quotation for TA1EB slab in other regions of China: 85000 to 87000 yuan/ton

The price of domestic titanium hot-rolled and cold-rolled coils:

Black skin roll quotation: 92000 to 98000 yuan/ton

Cold rolled coil quotation: 108000 to 118000 yuan/ton

Quotation for hot-rolled plate (1.5 meters wide): 102000 to 110000 yuan/ton

TA10 (TiMoNi) titanium plate quotation: 165000 to 175000 yuan/ton

Titanium tube blank quotation: 95-105 yuan/kg

Finished titanium tube（ φ 20-30mm) Quotation: 130-145 yuan/kg

Finished titanium welded pipe（ φ 20-30mm) Quotation: 125-135 yuan/kg

Finished pure titanium rod（ φ 20-40mm) Quotation: 130-145 yuan/kg

Finished titanium alloy (TC4) rod（ φ 20-40mm) Quotation: 220-260 yuan/kg

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