Titanium Market Report January 2016
2016-02-04 16:46:19 【Print】
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Entering the first month of 2016, the Chinese titanium market was active generally compared with last month, although the prices for most of the products remained at low quotations this month. Titanium concentrate prices were at low ebb, and the spot market saw the sales flat to that of last month. With regard to the transactions, imported titanium concentrate still took up a greater market share as domestic titanium concentrate producers suspended the production in succession as the Spring Festival is approaching. The price of high titanium slag decreased continually this month and the supply of material in the market remained stable. Producers active noted that they sat on stocks as the downstream consumers decreased the purchasing volumes. As for titanium tetrachloride, the prices increased a bit in line with the firm prices of chloride.
Compared with last month, the price for titanium sponge remained on stable but positive trend. Insiders revealed that the spot market had seen a recovery in sales volume over the past weeks and they were expecting to see both prices and the market return to stability in the near future. The downstream market for titanium sponge, the titanium mill products market, remained subdued with a decreasing number of transactions concluded in the spot market. But the export market of titanium mill products witnessed sales increase as the foreign market participants entered the market after the winter break.
Besides, the titanium dioxide market was active this month with the prices kept edging up under the general up-ticking circumstances and the market witnessed increasing transactions. Late this month, the international titanium dioxide giants reduced the capacity to keep firm the prices which pushed up the second round of price increase of the material.
Turning to ferrotitanium market, overseas involvers reflected that there were still very few deals concluded during January owing to the weak demand within the steel industry and the prices for ferrotitanium showed no clear signs of movement over the past couple of weeks as most market participants entered winter break. Chinese ferrotitanium markets have seen sales increase over the past weeks for the first quarter is the typical busy season and most steel plants stockpile more the material for the production in January and February so that the delivery of the material can be arranged before the Spring Festival.
Compared with last month, the price for titanium sponge remained on stable but positive trend. Insiders revealed that the spot market had seen a recovery in sales volume over the past weeks and they were expecting to see both prices and the market return to stability in the near future. The downstream market for titanium sponge, the titanium mill products market, remained subdued with a decreasing number of transactions concluded in the spot market. But the export market of titanium mill products witnessed sales increase as the foreign market participants entered the market after the winter break.
Besides, the titanium dioxide market was active this month with the prices kept edging up under the general up-ticking circumstances and the market witnessed increasing transactions. Late this month, the international titanium dioxide giants reduced the capacity to keep firm the prices which pushed up the second round of price increase of the material.
Turning to ferrotitanium market, overseas involvers reflected that there were still very few deals concluded during January owing to the weak demand within the steel industry and the prices for ferrotitanium showed no clear signs of movement over the past couple of weeks as most market participants entered winter break. Chinese ferrotitanium markets have seen sales increase over the past weeks for the first quarter is the typical busy season and most steel plants stockpile more the material for the production in January and February so that the delivery of the material can be arranged before the Spring Festival.
