Ilmenite
According to customs data, China imported 364000 tons of titanium ore in December 2023, an increase of 25.96 percent over the same period last year, and a month-on-month decrease of 1.74 percent, with an average monthly price of 309.98 US dollars per tonne. China imported about 4.2719 million tons of titanium ore in 2023, an increase of 23.03 percent over the same period last year, and imports increased by about 799800 tons.
Among them, the top three countries in December were Mozambique, Nigeria and New Zealand, accounting for 68%, 7% and 5% of the total imports, respectively.
The top three regions for the increase in imports of titanium ore in 2023 were Mozambique, with an increase of 465800 tons, Norway, 124600 tons and Nigeria, with an increase of 88500 tons. Mozambican titanium ore still ranks first in imports. imports from some mainstream countries gradually declined, and the increase in imports for the whole year was still an increase in gross ore.
In December 2023, China exported 2237.57 tons of ilmenite, an increase of 52.39 percent over the same period last year and 57.12 percent month-on-month. For the whole of 2023, China exported about 24400 tons of ilmenite, an increase of 10.95 percent over the same period last year, and the export volume increased by about 2411.64 tons.
Titanium dioxide
In December 2023, China imported 11157.63 tons of titanium dioxide, an increase of 20.45 percent over the previous month and 60.78 percent over the same period last year. In 2023, China imported 84500 tons of titanium dioxide, a decrease of 31.40 percent over the same period last year, and a decrease of about 38700 tons.
Among them, the top three regions of titanium dioxide imports in December 2023 are Mexico, the United States and Japan, accounting for 48%, 13% and 12% of the total imports, respectively.
Due to the closure of the Quan Yin factory in Komu, Taiwan, imports of titanium dioxide from China and Taiwan continued to decline. Coupled with the impact of cost and price, imports of titanium dioxide reached an all-time low in 2023.
In December 2023, China exported 143300 tons of titanium dioxide, an increase of 14.73 percent over the same period last year, an increase of 12.87 percent over the same period last year. Exports of titanium dioxide totaled about 1.6416 million tons in 2023, an increase of 16.75 percent over the same period last year, and exports increased by about 235600 tons.
Among them, the top three countries in December were India, Brazil and South Korea, accounting for 17%, 7% and 6% of the total exports, respectively.
In 2023, China's export volume of titanium dioxide reached another record high, foreign titanium dioxide factories were closed, and China's new production capacity was continuously released, and the export volume of titanium dioxide maintained a steady increasing trend. India still ranks first in export volume, with an increase of 60, 000 tons, an increase of 23500 tons from Brazil and 27000 tons from Turkey.
In December 2023, the average monthly import price of titanium dioxide was 3074.04 US dollars / ton, down 0.66% from the previous month; in December, the average monthly export price of titanium dioxide was 2221.91 US dollars / ton, down 0.33% from the previous month.
Sponge titanium
In December 2023, China imported 0 tons of sponge titanium. In 2023, China imported a total of about 133.84 tons of sponge titanium, a decrease of 98.82 percent over the same period last year, and a decrease of about 11230.59 tons.
In December 2023, China exported 359.3 tons of sponge titanium, down 68.47 percent from the previous month, an increase of 35.05 percent over the same period last year. For the whole of 2023, China's cumulative exports of sponge titanium were about 5837.8 tons, an increase of 204.08 percent over the same period last year, and exports increased by about 3918 tons.
In December 2023, the top three regions of sponge titanium export were Italy, Japan and Sweden, accounting for 39%, 18% and 14%, respectively.
In 2023, the first country to export sponge titanium is Russia, with an increase of 2630.75 tons, an increase of 387.05 tons from Japan, an increase of 304.75 tons from Italy, a record high of titanium sponge exports, and will continue to increase in 2024.
