Sponge titanium price raise largely ,the rising range of 4000 RMB/Ton.
The price increase is mainly based on the following points:
1.The price of raw material titanium tetrachloride continues to rise. In the past month, the price of titanium tetrachloride has been increased by 1000 RMB/ton, which greatly increases the enterprise cost.Due to the shortage of liquid chlorine and high price, titanium tetrachloride enterprises are running short, and the raw materials of the downstream titanium sponge enterprises are affected, and the production has been reduced recently.
3.High-end demand for titanium sponge is still growing significantly this year, civilian orders return to normal, manufacturers inventory is in tension;Although the price of sponge titanium market has been raised in the early stage, but the orders of enterprises are mostly in the deficit state.
Based on the above factors, the price of sponge titanium collectively rises substantially.