August 2021 titanium sponge production analysis
According to Tuoduo statistics, China's titanium sponge production in August 2021 was 12091 tons, up 19.71% year-on-year and down 2.97% YoY. January-August 2021 titanium sponge production accumulated 96939 tons, up 38.42% YoY and up about 26904 tons from January-August 2020.
August by the market and power restrictions, the market is not enough to start, including a large reduction in production in the Liaoning region, Guizhou region area production increased over the previous month, the overall titanium sponge production in August decreased slightly.
The top three domestic production areas of titanium sponge Liaoning, Sichuan, Xinjiang, accounting for 33%, 19%, 16% of total domestic production, respectively.
Titanium sponge market overall stability, the supply of raw materials magnesium ingot is still tight, market prices continue to rise, August ingot prices rose by about 8000 yuan / ton, the current price of magnesium ingot about 30,000 yuan / ton, the high cost of raw materials, titanium sponge enterprises are under pressure, of which half-process enterprises have been serious losses. Downstream military market demand is still relatively strong, the civilian market demand is sluggish, the actual transaction price confusion, titanium sponge prices subject to cost pressure part of the low price to stop sales, the actual transaction in the late steady upward.
