Titanium product prices continue to rise in March

Titanium Market Analysis

钛市场分析

Titanium market price analysis

钛系市场价格分析

March titanium ore market is running well, at the end of the month, there is 200 yuan / ton price increase in titanium ore prices such as Pangang, Anning, small and medium-sized titanium ore prices have 250 yuan / ton increase this month, 38, 42 ore prices rose about 60-100 yuan / ton, as of the end of this month, 38, 42 ore offer price without tax at 1500 yuan / ton, small and medium-sized ore 46, 10 titanium ore price without tax at 2200-2300 yuan / ton. The price of 47,20 titanium ore quoted by Pangang is at RMB 2400/ton.

3月钛矿市场运行良好，月底攀钢、安宁等钛矿价格有200元/吨价格上涨，本月中小钛矿价格有250元/吨上涨，38，42矿价格上涨60-100元/吨左右，截至本月底，38，42矿不含税报价在1500元/吨，中小矿46，10钛矿不含税价格在2200-2300元/吨，攀钢47，20钛矿报价价格在2400元/吨。

The main reasons for the price increase are: First, the Pan Steel recovery of titanium ore plus the expiry of the tailings storage to the Feng Yuan row tailing on the titanium ore market start has a certain impact, plus Hebei, Yunnan, Shandong region due to policy, environmental protection and other impacts, the market start low, tight supply. Second, the titanium ore market supply is tight, the miners are dealing with pre-order, supply is tight, the market price is high. Third, titanium dioxide prices continue to rise, miners have some pity to sell, some manufacturers bullish sentiment; the end of the month after the price of titanium ore upward basically sat, the downstream demand is strong, titanium ore prices will continue to run at a high level.

价格上涨主要原因有：一、攀钢回收钛矿加之尾矿库到期到丰源排尾对钛矿市场开工有一定的影响，加之河北、云南、山东地区因政策、环保等影响，市场开工低位，货源偏紧。二、钛矿市场货源紧张，矿商多在处理前期订单，供应偏紧，市场价格高位。三、钛白价格持续上涨，矿商有所惜售，部分厂家看涨情绪浓；月底钛矿价格上调后基本坐实，下游需求旺盛，钛矿价格将继续高位运行。

Imported titanium ore market stable operation, because the market supply is tight, this month, the enterprise more than not offer, Kenya titanium ore offer 280 U.S. dollars / ton, Mozambique titanium ore 50cif price 330 U.S. dollars / ton; climbing ore prices remain high, the downstream also more purchase imported titanium ore, imported titanium ore most of the miners are also actively processing pre orders; data show that titanium ore January-February cumulative imports of about 631,100 tons, an increase of 14.83%, compared with the total amount of January-February 2020, an increase of about 81,500 tons; market demand is strong, the overall titanium ore is still in a tight state, the imported titanium ore market is expected to maintain a high level of operation.

进口钛矿市场维稳运行，因市场货源紧张，本月企业多不报价，肯尼亚钛矿报价280美元/吨，莫桑比克钛矿50cif价格330美元/吨；攀矿价格维持高位，下游也多采购进口钛矿，进口钛矿大多矿商也在积极处理前期订单；数据显示钛矿1-2月累计进口约63.11万吨，同比增长14.83%，同比2020年1-2月总量增长约8.15万吨；市场需求旺盛，钛矿整体仍处于偏紧状态，进口钛矿市场预计维持高位运行。

Titanium slag

钛渣

Acid slag market prices increased this month, the current mainstream offer in Yunnan region at 5350-5500 yuan / ton, Sichuan prices at 5750-5900 yuan / ton, titanium dioxide prices remain high, raw material titanium ore prices continue to rise, acid slag market demand is good, the new single price gradually upward, the market price is expected to maintain a high level.

本月酸渣市场价格上调，目前云南地区主流报价在5350-5500元/吨，四川价格在5750-5900元/吨，钛白价格维持高位，原料钛矿价格持续上行，酸渣市场需求向好，新单价格逐步上行，市场价格预计维持高位。

March titanium slag market prices, titanium ore prices continue to rise, high titanium slag new single price gradually upward, this month, low calcium magnesium titanium slag market offer at about 8000 yuan / ton, CITIC ordinary high slag bidding price of 7200 yuan / ton, raw material titanium ore prices remain high, titanium slag cost pressure, the market supply is tight, new single price upward, later market prices are expected to move upward.

3月钛渣市场价格上涨，钛矿价格持续上涨，高钛渣新单价格逐步上行，本月低钙镁钛渣市场报价在8000元/吨左右，中信普通高渣招标价格在7200元/吨，原料钛矿价格维持高位，钛渣成本压力大，市场货源紧张，新单价格上行，后期市场价格预计上行。

Titanium tetrachloride

四氯化钛

Titanium tetrachloride prices upward this month, the price increase in about 300 yuan / ton, the current market price of 7200-7500 yuan / ton, the upstream raw materials high slag, liquid chlorine prices, titanium tetrachloride cost pressure, the market is not enough to start, the supply is tight, the downstream titanium sponge market demand is good, supply is tight, titanium tetrachloride late price stabilization in the upward trend.

本月四氯化钛价格上行，价格上调在300元/吨左右，目前市场价格在7200-7500元/吨，上游原料高渣、液氯价格上涨，四氯化钛成本压力较大，市场开工不足，货源紧张，下游海绵钛市场需求良好，供应偏紧，四氯化钛后期价格稳中上行。

Titanium dioxide

钛白粉

March titanium dioxide market price index rose sharply, this month a total of more than twenty enterprises issued a letter price adjustment, up by more than 1000 yuan / ton, the highest rate of increase to 1500 yuan / ton; as of the end of this month, China rutile titanium dioxide with tax ex-factory price of 18100-19800 yuan / ton, anatase titanium dioxide with tax ex-factory price of 15200-16500 yuan / ton. Raw material prices continue to rise, the cost of titanium dioxide upward, manufacturers have more orders on hand, companies have received orders mostly to May-June, the market supply is tight. Foreign epidemic improvement, titanium dioxide export market is still better. According to customs data, titanium dioxide 2021 January-February cumulative exports of about 211,000 tons, an increase of 15.50% year-on-year, compared with the cumulative exports of January-February 2020, an increase of 27,000 tons. Titanium dioxide market demand is gradually picking up, while the market price is high, and some of the orders received have also been under pressure. Titanium ore prices rose again at the end of the month, the cost of titanium dioxide increased, titanium dioxide new order prices are expected to continue upward.

3月钛白粉市场价格指数大幅上涨，本月共计二十多家企业发函调价，上调幅度多在1000元/吨，涨幅最高到1500元/吨；截至本月底，中国金红石型钛白粉含税出厂价格在18100-19800元/吨，锐钛型钛白粉含税出厂价格在15200-16500元/吨。原料价格持续上涨，钛白成本上行，厂家在手订单较多，企业接单大多已到5月-6月，市场供应紧张；国外疫情好转，钛白出口市场依旧较好，据海关数据显示，钛白粉2021年1-2月累计出口约20.11万吨，同比增长15.50%，同比2020年1-2月累计出口量增加2.70万吨，钛白市场需求逐步回暖，而市场价格高位，部分接单也有所压力；月底钛矿价格再次上调，钛白成本增加，钛白新单价格预计继续上行。

Titanium sponge

海绵钛

This month, titanium sponge market prices up, the market enterprises a sponge titanium offer up to 68,000 yuan / ton, downstream titanium, military market demand is good, titanium sponge market demand remains strong, tight supply, high prices of raw materials titanium tetrachloride, titanium sponge cost increases, the market is expected to continue upward price later.

本月海绵钛市场价格上调，市场企业一级海绵钛报价上调至6.8万元/吨，下游钛材、军工市场需求良好，海绵钛市场需求依旧旺盛，供应紧张，原料四氯化钛价格高位，海绵钛成本增加，市场后期价格预计继续上行。

April market forecast：

4月市场预测：

1.Titanium ore prices are high and supplies are tight, and market prices remain high.

1.钛矿价格高位，货源紧张，市场价格维持高位运行。

2.Titanium white cost pressure increases, prices are expected to continue to rise.

2.钛白成本压力增加，价格预计继续上行。

3.The sponge titanium market demand increased, market demand to the good, the new single price gradually upward.

3.海绵钛市场需求增加，市场需求向好，新单价格逐步上行。