Titanium Market Report October 2015
2015-11-12 15:55:30 【Print】
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The Chinese titanium market remained dim in October
As to ferrotitanium market, there were still rare deals concluded in the whole October due to the weak demand from steel industry. In overseas market, the prices of ferrotitanium moved down slightly owing to the decreasing prices of raw materials . Ferrotitanium participants held hand-to-mouth purchasing styles in the spot market and a vast majority of business were concluded on a long term contracts . In domestic markets, the consumers kept purchasing in minimal volumes with a slightly declining at the price, producers held a certain amount of stocks on hand and the ferrotitanium market is hard to warm up in the coming month.
. Titanium concentrate prices hovered over low price level with limited market transactions concluded this month and producers held large stocks on hand . The supply of titanium slag remained stable in the market and the buying activity from downstream consumers kept sluggish so that the price of high titanium slag decreased slightly in October . Titanium slag producers suffered price inversion in late October . Meanwhile, as downstream titanium sponge consumers kept purchasing titanium tetrachloride steadily and the price of titanium sponge decreased slightly after the National Day Holiday, the prices for titanium tetrachloride kept moving down in middle-late October . The price of titanium sponge declined because of the thin buying activity from titanium mill producers as well as enough supply of the products in titanium sponge markets . Titanium mill products market continued to see limited transactions due to the poor demand from consumers, and the producers were pessimistic to the market trend in the coming month. As to ferrotitanium market, there were still rare deals concluded in the whole October due to the weak demand from steel industry. In overseas market, the prices of ferrotitanium moved down slightly owing to the decreasing prices of raw materials . Ferrotitanium participants held hand-to-mouth purchasing styles in the spot market and a vast majority of business were concluded on a long term contracts . In domestic markets, the consumers kept purchasing in minimal volumes with a slightly declining at the price, producers held a certain amount of stocks on hand and the ferrotitanium market is hard to warm up in the coming month.