The sponge titanium market has been operating steadily this week. According to the commodity market analysis system of Shengyishe, as of May 24th, the benchmark price of Shengyishe sponge titanium was 54500.00 yuan/ton, a decrease of -0.46% compared to the beginning of this month (54750.00 yuan/ton).

In terms of raw materials, the high price of titanium concentrate has put pressure on the cost of high titanium slag enterprises. In addition, with the increase in electricity prices in Liaoning region, most production enterprises have suffered losses, and the market price of high titanium slag is under pressure and rising. According to the monitoring system of Shengyishe, as of May 24th, the benchmark price of magnesium in Shengyishe was 18733.33 yuan/ton, an increase of 0.36% compared to the beginning of this month (18666.67 yuan/ton).

Downstream titanium material market demand is weak, and the market transaction atmosphere is cold.

Post forecast:

Due to the high prices in the raw material market, magnesium ingot prices have increased, sponge titanium production capacity has been continuously released, and production has increased. However, downstream market demand is weak, and the transaction atmosphere is cold, presenting a state of supply-demand imbalance. According to analysts from Business Society Sponge Titanium, the sponge titanium market is expected to operate steadily in the near future. More attention should be paid to market news guidelines.