According to monitoring data from Business Society, as of December 21, 2023, the domestic primary sponge titanium market prices have remained stable, with mainstream prices ranging from 52000 to 55000 yuan/ton, unchanged from last week.

In terms of imports, the market is shrinking, domestic demand is fluctuating, domestic competition is fierce, and some companies do not provide external quotations. According to customs data, China imported 0 tons of sponge titanium in November 2023. From January to November 2023, the cumulative import of sponge titanium in China was about 133.84 tons, a year-on-year decrease of 98.82%, and the import volume decreased by about 11177.34 tons.

In terms of exports, the market has increased. According to customs data, in November 2023, China’s sponge titanium exports reached 1139.4 tons, a month on month increase of 38.48% and a year-on-year increase of 798.62%; From January to November 2023, the cumulative export volume of sponge titanium from China was about 5478.5 tons, an increase of 231.27% compared to the same period last year, and the export volume increased by about 3824.75 tons.

Prediction for next year: Due to the continuous release of production capacity by domestic sponge titanium production enterprises, downstream demand will continue to be dominated by rigid procurement, and some enterprises will face increased inventory pressure. The market will show a situation of oversupply, coupled with the high level operation of raw materials, there is not much room for price increase in the sponge titanium market, and the overall outlook is stable.