The overseas export market, which had been moderately successful in the first half of last year, quickly cooled down as February approached, and inquiries and orders were drastically decreased. The whole export commerce drastically decreased, and the transaction was grim, with the exception of a few long-term orders in the titanium market. In contrast, the local titanium market is expanding quickly, and the chlor-alkali and salt chemical industries are seeing high demand and full order books.
Sponge titanium core businesses' production is at capacity, their sales are strong, and their prices are unchanging.
In the titanium market, the costs of pure titanium coils and rods are stable, while the costs of alloys comprising metals like molybdenum and tantalum have increased, which has an impact on the costs of titanium. Other titanium materials' costs mostly stayed flat.
The price of titanium ore increased this past week. The cost of high-titanium slag increased on the market as a result of raw and auxiliary materials. The price of titanium dioxide increased by 1,000 yuan per ton once more. The market for titanium sponge core is saturated, sales are strong, and business external quotations have not changed.
This week, domestic orders for titanium materials dramatically outpaced export orders, which were significantly down. The cost of titanium alloys including elements like molybdenum and tantalum increased as a result of these metals' growing prices. Other titanium materials' market pricing remained largely unchanged.
