In January, the domestic first level sponge titanium market was mainly weak and stable. According to the Commodity Market Analysis System of Business Society, as of January 31st, the benchmark price of domestic first-class sponge titanium was 51500.00 yuan/ton, a decrease of -4.19% compared to the beginning of this month (53750.00 yuan/ton).

Raw material side: The market price of high slag remains high. Production enterprises are under cost pressure, and some enterprises have insufficient operating rates, leading to a shortage of spot goods in the market. It is difficult for high slag market prices to be lowered or further increased.

Import and export data: According to customs statistics, China imported 0 tons of sponge titanium in December 2023, with a cumulative import of about 133.84 tons for the year, a year-on-year decrease of 98.82%, and a decrease of about 11230.59 tons in import volume. In December 2023, China’s sponge titanium exports reached 359.3 tons, a decrease of 68.47% month on month and a year-on-year increase of 204.08%. The export volume increased by approximately 3918 tons.

Downstream end: The sponge titanium market has released production capacity too quickly, resulting in an oversupply situation. Downstream procurement is mainly based on rigid demand, and stocking sentiment is not strong. Most wait-and-see purchases are relatively cautious.

Business Society Sponge Titanium Analyst believes that currently, high costs are supporting, and some large enterprises continue to release production capacity. The sponge titanium market supply exceeds demand, and prices continue to be low. More attention needs to be paid to market news guidance.