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No.1, China Titanium Valley Titanium and New Materials Industrial Park, No.302, Industry Avenue, ChenCang District, Baoji City, Shaanxi Province, China.
The demand for aviation grade TC4 titanium alloy in the titanium market has surged, and military orders have increased by 12% month on month (March 24
This week, the price of sponge titanium has been affected by price increases, and sales are not optimistic. However, top companies' products are in short supply, while other companies have poor sales and increased inventory. However, the demand for high-end titanium alloy ingots and titanium alloy discs in the market continues to increase, and prices have risen; The prices of civilian titanium pipes, titanium slabs, titanium rods and wire materials remain stable, but are expected to see price increases in the future due to the rise in sponge titanium prices.
Price dynamics: The transaction price of domestic grade 0 sponge titanium remains at 51000 yuan/ton, but the transaction price varies among different enterprises.
Inventory and Capacity: The capacity utilization rate of top enterprises exceeds 90%, while inventory of other enterprises has increased by 15% month on month.
High end demand surges: The quotation for aviation grade TC4 titanium alloy ingots has risen to 60000-63000 yuan/ton, and military orders have increased by 12% month on month.
Pressure on ordinary products: The price of pure titanium ingots remains stable at 58000-60000 yuan/ton, and some companies sell inventory at a price lower than cost to recoup funds (such as 50000 yuan/ton low-priced spot goods).
Differentiation of demand for hot-rolled plates: The quotation for pure titanium hot-rolled plates ranges from 82000 to 85000 yuan/ton, with a 20% decrease in order volume; The price of titanium alloy sheets has jumped by 2000 yuan/ton per week due to the supply chain of domestic large aircraft, and will continue to rise in the later period.
Breakthrough in Wide Plate Technology: Shaanxi Han Steel achieves mass production of 1150mm wide titanium alloy plates, increasing the domestic substitution rate in the nuclear power field to 40%
Price and Capacity: The price of civilian welded titanium pipes has dropped by 5%, and the capacity utilization rate of private pipe enterprises in Zhejiang is less than 60%. The inventory backlog period has been extended to 45 days.
Export performance: From January to June, the export volume of titanium tubes was 1977.74 tons, an increase of 10% year-on-year, but the recent international order volume has decreased by 8% month on month.
Export structure: 4303.33 tons of titanium plate and strip with a thickness greater than 0.8mm were exported (+47% year-on-year), 3942.14 tons of titanium rod were exported (+34% year-on-year), and the export volume of titanium forgings decreased year-on-year.
Price warning: The cost support for sponge titanium has increased, and it may exceed 53000 yuan/ton in the second quarter due to factors such as inflation and raw materials; The pressure of destocking civilian titanium materials continues, and some product prices are approaching the breakeven line.
