Titanium Market Price Analysis – Week 1, July 2025

Titanium Market Price Analysis – Week 1, July 2025

1. Market Overview

(1) 

Titanium Ore

China’s Domestic Titanium Ore:

This week, China’s domestic titanium ore market remained stable. Mid-sized producers are quoting 46% TiO₂/10% Fe₂O₃ ores at RMB 2,160–2,180/ton. Mid-grade 38% TiO₂ ore (excl. tax) stands at RMB 1,550–1,600/ton, while high-grade 47% TiO₂/20% Fe₂O₃ ores are at RMB 2,300–2,350/ton.

Sichuan Pangang Group continues to limit raw ore shipments, causing upstream supply shortages. This has driven mid-grade ore prices higher, increasing pressure on ore concentrators. While market sentiment anticipates a price increase, weak downstream demand—especially in the titanium dioxide sector—keeps factory utilization low. Both supply and demand have contracted, but ore suppliers remain firm on pricing. Titanium ore prices are expected to stay strong in the near term.

Imported Titanium Ore:

The import titanium ore market remains weak but stable. Mozambique CIF prices are around USD 370/ton, and Kenya 47–49 grade ores are about USD 360/ton (tax included). High production costs and sluggish downstream demand have made buyers cautious, especially with high-priced imports. While Pangang’s strong pricing supports the market, most participants are adopting a wait-and-see approach.

---

(2) 

High Titanium Slag

The China domestic high-titanium slag market continues to weaken. Northern China’s procurement prices fell again this month. A sluggish titanium dioxide market and oversupply of high-Ti feedstocks have pushed prices down significantly for two consecutive months. Despite high raw material costs, producers remain under loss-making conditions. The market outlook remains pessimistic, and low-price operations are likely to persist.

---

(3) 

Titanium Tetrachloride (TiCl₄)

The TiCl₄ market in China remains under pressure with stagnant demand. Prices are quoted at RMB 5,900–6,500/ton. Although raw material costs are declining, downstream oversupply is limiting price support. Market competition is intense, and prices may continue to trend downward.

---

(4) 

Titanium Dioxide (TiO₂)

The China domestic titanium dioxide market held steady in a weak position this week. Current ex-works prices (including VAT) are:

• Rutile grade (sulphate process): RMB 13,000–14,300/ton

• Anatase grade: RMB 13,300–13,600/ton

Rising sulfuric acid and titanium ore prices have pushed up TiO₂ production costs. However, downstream buyers within China remain cautious. Many producers are already operating at a loss. Even after price adjustments, demand recovery is slow, and price differences between grades remain narrow. The overall TiO₂ market is expected to remain weak and stable.

---

(5) 

Sponge Titanium

Sponge titanium prices in China’s domestic market were stable this week:

• Grade 1 sponge titanium: RMB 50,000–51,000/ton

• Grade 0 (ultra-pure): RMB 51,000–52,000/ton

Military demand remains strong. According to industry data, military-related orders in 2025 are up by 32% year-over-year, far outpacing civilian demand growth. As a result, the high-end sponge titanium segment is stable. Civilian market demand is moderate, and producers remain cautious. Most manufacturers are fully booked until the end of the month, with steady operations expected to maintain price stability.

---

2. Market Forecast

• Titanium Ore: Upstream supply tightening within China is expected to continue, supporting firm prices.

• Titanium Dioxide: Inventory pressure in the China domestic market persists, suggesting further weak performance.

• Sponge Titanium: With limited inventory and solid demand in key Chinese sectors, prices are likely to remain stable.