[Ferro-Alloys.com]Domestic Titanium concentrate market stayed on weak demand and the purchase volume was low. Most buyers kept wait-and-see attitude and expected a further declining price. Some suppliers thought the profit margin was low. They stopped selling and kept stocks only to avoid money loss. But they still sold to some old customers. Titanium concentrate46% price from Panzhihua was RMB850-900/mt. Hainan Titanium concentrate50% price was RMB1300/mt. Sponge titanium price was still falling, Sponge titanium1# had declined to RMB50000/mt while transaction price was as low as RMB48000/mt. Some traders thought it was the lowest price in Titanium market and they planned to keep some stocks.

 

FeTi30# quota was RMB11900/mt,(25 basis),fob. FeTi 40# price was RMB12200/mt,(25 basis) and FeTi70# price was RMB34000/mt,(70 basis),fob. A FeTi30# supplier in Jiangsu province said that the shipment volume was 100-200mtpm while production capacity was 500-600mtpm. When it come into off-season in summer, the purchase volume from steel mills got lower. And the situation infected the transaction volume.

 

The Titanium market in Europe and USA was relatively stable. European FeTi quota was USD5.70-5.80/kg, while American FeTi price was USD2.80-2.85/b. Domestic FeTi export volume was low for Chinese market price was higher than inter price.

 

Market outlook: Domestic Titanium market was on weak demand and the production volume apply to the deal volume. It was predicted that Titanium concentrate price would fall further. FeTi market current situation was oversupply. The price would decline since the raw material price had fell slready.