Price chart of domestic titanium slag from April 2019 to April 2022
Price trend chart of Panzhihua 20# titanium ore from 2019 to April 2022
Price trend of domestic grade 0 sponge titanium from 2019 to April 2022
Price trend of rutile titanium dioxide produced by sulfuric acid process in China from 2019 to April 2022
Review of domestic price trends
Recently, the price of domestic titanium ore has been stable, and the quotations of some small and medium-sized manufacturers have been adjusted. At present, the quotation of 20# titanium ore in Panzhihua large-scale mines is still maintained at 2500-2550 yuan/ton (ex-factory tax is not included), and the quotation of 10# titanium ore in small and medium-sized mines is 2250-2300 yuan/ton. Large-scale mines have a stable customer base and balanced production and sales. Affected by the new crown pneumonia epidemic, some downstream customers have limited production, and orders from small and medium-sized miners have decreased. Some miners have lowered their quotations by 30 yuan to 50 yuan per ton.
The price of 90 high titanium slag has risen from 9900 yuan / ton to 10200 yuan / ton; the price of 75 acid slag has stabilized at 5800 yuan to 6100 yuan / ton. Affected by the rising quotations of imported titanium ore and the tightening global supply of titanium chloride raw materials, the domestic high titanium slag price has increased. Due to the general performance of the domestic downstream market, the price of acid residue has not changed significantly, and a few companies have slightly loosened their quotations to speed up shipments.
The prices of raw materials such as magnesium ingots and chlorine remain high, and the domestic price of titanium sponge remains high. The quotation of 1# titanium sponge is above 80,000 yuan/ton, and the specific transaction price varies greatly according to the specific order situation. The price of TA1 titanium ingot is maintained at around 87,000 to 88,000 yuan/ton; the price of 3mm TA2 titanium plate is around 115 to 120 yuan/kg.
Recently, the domestic titanium dioxide market has been mainly stable, and some companies have raised their quotations to test downstream reactions. Affected by the domestic new crown pneumonia epidemic, the performance of downstream enterprises is sluggish, and the demand for titanium dioxide is general. Therefore, most companies keep the current price unchanged, and a few companies adjust the selling price of their products according to their own inventory. Several key domestic enterprises seized the international market demand, and their products sold well.
Outlook
In the short term, the prices of various raw materials such as titanium ore, rutile, and magnesium ingots will remain high. Affected by this, the prices of domestic high-titanium slag, sponge titanium, titanium materials and other products will also rise steadily in the future. Among them, the price of high titanium slag is more likely to continue to rise. While the prices of sponge titanium and titanium materials remain high, there is a possibility of a small tentative increase. At present, semi-process titanium sponge enterprises are still in a state of reducing or suspending production. Full-process enterprises have full orders, and some enterprises give priority to ensuring the supply of orders from major customers; major domestic large-scale titanium enterprises have full orders, and it will take some time to complete the delivery of orders in hand. Downstream customers have different price tolerance for titanium materials due to different industries. Aerospace and military products have strong price tolerance; the civilian sector has a weaker tolerance, and it is difficult to bear the continuous increase in titanium prices.
High raw material prices have a different impact on enterprises
Recently, the price of titanium products has been rising all the way, and the revenue and net profit data of key enterprises in the industry such as Baotai Co., Ltd. and Western Materials have also performed well. At the same time, some small and medium-sized enterprises are under great operating pressure, and some traditional fields are affected by the high cost of raw materials and the demand is sluggish, and the uneven development of enterprises in the industry is even more prominent. In the short term, the price of raw materials has risen, which has improved the profits of some related companies, but it has also hindered the development of titanium in some fields, especially some products with lower added value, which are at a disadvantage in the competition with other non-ferrous metals and stainless steel. status. In the past, the output of some low-end products was relatively large, and the price competition among enterprises was relatively fierce, but now the situation is evolving into the overall high price of titanium products, downstream customers are looking for other products to replace titanium materials, and the competition among the industry is evolving into other The overall impact of the material on the titanium material.
One of the ways to solve this problem is to compete with differentiation and try to transform into the production of high value-added products. However, the transformation of enterprises is not a day's work, and requires the enterprise itself to have a certain size. However, at present, most SMEs cannot meet the conditions for transformation and upgrading, and can only survive the difficulties with their existing businesses. From the perspective of the overall development of the industry, some companies have benefited from the current high prices of raw materials and products. Some companies have resisted the impact of the downturn in traditional demand through differentiated competition. suffered a greater impact.
In the short term, raw material prices will remain high, and the development of some traditional markets and emerging civilian markets will also face certain pressures. In the future, the newly-built production capacity of domestic sponge titanium will be released in 2-3 years. At that time, the price of sponge titanium is expected to fall. Expanding the application field of titanium and expanding the total demand is an effective means to fundamentally solve the competitive pressure among enterprises, and reasonable raw material prices are one of the important conditions for the smooth expansion of the application field.
