Titanium concentrate under pressure, titanium ingot prices continue to rise [SMM Titanium Spot Report]

SMM News on June 18: Today, the price of titanium concentrate (TiO2≥47%) is 2000-2150 yuan/mt; the price of titanium ingot (TA1) is 59000-60000 yuan/mt, and the price of titanium ingot (TC4) is 67000-69000 yuan/mt. The prices of rutile titanium dioxide and anatase titanium dioxide remain stable.

Today, the price of domestic titanium concentrate has decreased by 50 yuan to 2075 yuan/mt. In terms of market competition, affected by the pressure from imported titanium ore prices and the decline in the grade of domestic titanium ore, the price of domestic titanium concentrate continues to fall. From the perspective of downstream demand, the current low price of titanium dioxide further suppresses the market price of titanium concentrate.

Today, the price of titanium ingot (TA1) has risen to 59500 yuan/mt, and the price of titanium ingot (TC4) has risen to 68000 yuan/mt. In terms of upstream supply, a titanium sponge enterprise raised its quotation by 2000 yuan/mt again on June 11. The increase in raw material prices has led to a tightening supply of titanium ingots. In terms of downstream demand, orders from the aerospace and military industries have performed well, and the increase in market demand has driven up the volume of titanium ingot order signing, thereby pushing up prices.

Regarding the outlook, the upward trend of titanium sponge and titanium ingots still needs to be continuously observed. The price of titanium dioxide is currently still at a low level in the market, and SMM will continue to monitor subsequent price trends.