As we approach the second ten days of February, numerous new projects from private titanium businesses in Baoji have been launched, creating a buzzing atmosphere of quick development. Recent Baoji private titanium firms are considering how to add new equipment, making a fuss over "specialized, refined, special, and new," during daily visits to the Baoji Titanium Industry Research Institute.
Performance of enterprise equipment updates is mostly focused on the following areas:
Equipment for smelting is the first. Private titanium businesses in Baoji have been modernizing and enlarging their smelting apparatus since the year before last. Vacuum consumable furnaces typically have a furnace size of greater than 10 tons, and some can go up to 20 tons. Likewise, standard configurations for the mixing system, large-tonnage electrode press, and vacuum plasma welding box have been established;
The second is machinery forging. Large-scale forging presses with a capacity of more than 2,000 tons have proliferated all around Baoji. In large-scale forging operations, 4,500-ton hydraulic forging is now the norm, and in some operations, 8,000–10,000-ton hydraulic forging is now in full swing. The overproduction of forging has gradually become apparent;
The third is bar rolling mills. Production lines for the 450, 650, and other transverse rolling mills have been continuously put into operation, and the production capacity is being swiftly released. Other businesses are also up in arms over post-processing and rolling up the back end. The ability of Baoji Titanium Enterprises to produce bars will be significantly increased with such a development momentum. We can observe from these three angles that private titanium firms are in a crucial stage of change and improvement after years of accumulation. The quality of the goods is based on the equipment used in the titanium industry.All businesses are working hard in order to grasp the apex of a fresh phase of development. A new round of capital competition is approaching with participants equipped and competing for strength. All investors should be warmly reminded that investing requires caution, of course. The first is careful planning and preparation, the second is building in a designated industrial park, and the third is taking the market's potential into account. Based on these factors, Baoji Titanium Industry Research Institute can offer advice and support for several factors, including project clearance, technology matching, market analysis, and industry research.
By the end of 2022, Longbai Group will be the industry leader in titanium sponge production, with a monthly output of more than 4,000 tons and an annual production capacity of 50,000 tons. By the end of 2023, Jinchang, Gansu Province will produce 15,000 tons annually of titanium sponge under the company's technology upgrading project (phase II), and 15,000 tons annually under Yunnan Lufeng's intelligent manufacturing technical transformation project (phase II). When it is finished and put into production, the company will be able to produce 80,000 tons of titanium sponge annually.All domestic sponge titanium production companies are reportedly planning significant expansions, and the increased production capacity will be greater than 200,000 tons. China's capacity to produce sponge titanium by then may be close to 400,000 tons.
This week, the market's overall operation was stable, the sales of sponge titanium companies significantly recovered, and the external quotations remained unaltered. Both domestic and international orders have increased for titanium material makers. For instance, orders for titanium powder have been planned for the second part of the year in the United States. Materials made of titanium maintained a largely steady market pricing. The supply of commodities was limited this week, and titanium ore exhibited an increasing trend. In addition, there is a limited supply of titanium ore overall and of commodities on the market for imported ore.
The market for titanium dioxide grew this past week while the price held steady. The order volume for sponge titanium companies has rapidly increased, the situation has improved since last year, and the company's external quotations have remained the same. The market price of titanium materials has essentially stayed unchanged while domestic orders for businesses have climbed significantly.
