According to the commodity market analysis system of Shengyishe, as of April 18th, the benchmark price of Shengyishe sponge titanium was 54750.00 yuan/ton, which is the same as the beginning of this month.

This week, the raw material titanium ore market is weak, and some high priced sources have lowered their prices. According to the monitoring system of Shengyishe, as of April 18th, the benchmark price of Shengyishe titanium concentrate was 2300.00 yuan/ton, a decrease of -0.72% compared to the beginning of this month (2316.67 yuan/ton). Procurement should be based on demand, and observe more. The downstream titanium material market demand is stable, and sponge titanium shipments are normal.

According to analysts from Business Society Sponge Titanium, although raw material prices have fallen, the cost side is still under high pressure, and the market is mostly wait-and-see, purchasing on demand. The downstream titanium material market demand is stable, sponge titanium shipments are normal, and supply and demand are balanced. It is expected that the sponge titanium market will continue to operate steadily in the near future. More attention should be paid to market news guidelines.