Domestic Titanium Market

In January 2024, the domestic high-titanium slag bidding price was 7,900 yuan/ton, which was raised again by 100 yuan/ton. Due to limited price increases, the loss-making situation of domestic high-titanium slag companies has not changed. Therefore, the enthusiasm of high-titanium slag companies for production is still not high, and there is still the possibility of price increases next month. Affected by the falling price of lithium iron phosphate, downstream companies have reduced the proportion of ilmenite used and increased the proportion of acid slag used. Before the price of lithium iron phosphate recovers, the acid slag market will continue to maintain the current price range.

In mid-to-early January, there is little sense of urgency for titanium sponge companies to continue preferential sales, and the market will gradually return to stability. As the supply of titanium sponge increases, the price of titanium sponge will still face pressure in the medium to long term. At that time, some high-cost titanium sponge production capacity may be suspended again to re-establish the market supply and demand balance.

With the arrival of the traditional off-season for titanium dioxide, the titanium dioxide market is less likely to pick up before March 2024. The good performance of the export market has alleviated the pressure on the domestic market to a certain extent. It is expected that the domestic titanium dioxide market will mainly decline slowly in the future.