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According to statistics, this year 1 to August domestic titanium sponge production reached 145,000 tons, only in August titanium sponge production reached 17,000 tons, according to this production is projected to this year’s domestic titanium sponge production of more than 200,000 tons to become a probable event. But this also creates a problem, the downstream titanium materials field of absorption capacity? Domestic titanium demand can keep pace with the growth of titanium sponge?

There is a wait-and-see mood in the domestic titanium materials market this week, and the industry is facing a series of new challenges. According to statistics, domestic titanium sponge production reached 145,000 tons from January to August this year and is expected to exceed 200,000 tons for the whole year. However, whether the absorption capacity of the downstream titanium materials field can keep pace with the growth of titanium sponge has become the focus of market concern. The downturn in the economic situation is the main reason for the decrease in titanium material usage and the uncertain market outlook. Last year, driven by the aviation, petrochemical and other industries, the domestic titanium material usage exceeded 154,000 tons, which basically matched with the production of titanium sponge. However, this year, various industries were generally affected by the poor economic situation, titanium material usage generally declined, and the order quantity of some material producers decreased by more than 15%. In addition, the slowdown in global economic growth and global trade tensions have also adversely affected the titanium market, and market competition has become exceptionally incentivized.

Although the overall performance of the titanium market was poor this year, there were still some bright spots. For example, Apple’s iPhone 15 Pro was designed with a titanium alloy bezel for the first time, bringing about 10,000 tons of orders to the titanium industry and injecting new vitality. However, the extra titanium sponge production capacity is facing digestion problems due to the overall sluggish demand and flat order quantity, so there is not enough power to support the price of titanium sponge to continue to rise, and it may continue to consolidate.

Last week, the domestic titanium market showed signs of warming up, with increased inquiries but flat orders and a strong wait-and-see sentiment in the market. Titanium companies are facing the challenge of declining orders as the downstream industry generally reduces order quantity. Overcapacity also triggered concerns in the industry, and titanium companies faced a new test.

Last week, the domestic titanium market continued to reply with increased inquiries but flat orders and a large wait-and-see sentiment in the market. The following is this week’s report on the main products in the titanium market:

    1.  Titanium sponge supply is relatively sufficient
    This week, the titanium sponge inquiry and inquiry increased, sales volume increased compared with last week, the sales price of grade 1 products remained at about 4.8 to 5.0 million / ton, the supply is relatively sufficient.
    2. Titanium ingot offer confusion
    Due to the fluctuation of titanium sponge price this week, the price of TA1 pure titanium ingot was maintained at around 56,000-60,000/ton, and the market price was relatively chaotic.
    3. Wide width titanium plate and coil orders are tense
    This week, the wide titanium plate and titanium coil market orders are tight, the inventory of the producer is in short supply, the enterprise raised the offer, the transaction price is flat.
    4. titanium rods and wires orders increased
    Inquiries and orders for titanium rods and wires increased this week, but competition was stimulating and prices were confusing.
    5. Titanium tubing demand is not strong
    This week, titanium seamless pipe market demand is not strong, titanium welded pipe bottom orders increased, prices were flat.
    6. Titanium alloy material flat
    This week’s titanium alloy material market orders did not change much with last week, prices are stable, the market is mainly concentrated in the domestic.

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