Titanium Market Report August 2015
2015-09-16 10:31:03 【Print】
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The Chinese titanium market remained on a downtrend throughout August
In the case of ferrotitanium, there were still meager deals concluded in August on both the domestic and overseas markets owing to the sluggish demand from steel mills in the hot summer temperatures. Many producers in domestic market were unwilling to cooperate with steel mills owing to the poor payment situation . And the price of ferrotitanium decreased slightly on both the domestic and overseas markets.
. Titanium ilmenite prices decreased slightly in August owing to the poor buying activity from downstream consumers . Influenced by the explosion of Tianjin port, some titanium tetrachloride factories, which suspended production in the early day, had no hope to resume production in August, thus the market demands for high titanium slag kept sluggish in the whole August with the price declined slightly in the beginning of this month . Meanwhile, the prices for titanium tetrachloride remained firm in August and downstream titanium sponge consumers purchased from hand-to-month to guarantee their basic requirement . However, the buying activity around titanium sponge declined because some titanium mill producers suspend production in August owing to the fierce titanium mill product market competition and poor demand from downstream consumers, thus the price of titanium sponge decreased slightly in the end of August. In the case of ferrotitanium, there were still meager deals concluded in August on both the domestic and overseas markets owing to the sluggish demand from steel mills in the hot summer temperatures. Many producers in domestic market were unwilling to cooperate with steel mills owing to the poor payment situation . And the price of ferrotitanium decreased slightly on both the domestic and overseas markets.