The sponge titanium market declined in May. According to the commodity market analysis system of Shengyishe, as of May 31, 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 price of titanium concentrate in the Panxi region fell in May. According to the monitoring system of Shengyishe, as of May 31, the benchmark price of Shengyishe titanium concentrate was 2253.33 yuan/ton, a decrease of -2.03% compared to the beginning of this month (2300.00 yuan/ton).

The downstream titanium material market prices have fallen, and the market transaction atmosphere is lukewarm.

In terms of imports: According to customs data, China’s sponge titanium exports in April 2024 were 182.5 tons, a decrease of 35.07% compared to the previous month.

Post forecast:

Due to the decline in raw material market prices, the cost pressure on sponge titanium production enterprises has slowed down. With the continuous release of production capacity, production has increased. In addition, there is insufficient demand in the downstream titanium material market, resulting in an imbalance between supply and demand. According to analysts from Business Society Sponge Titanium, the sponge titanium market is expected to operate weakly and steadily in the near future. More attention should be paid to market news guidelines.