According to Tuduo statistics, China's titanium sponge output in January 2024 was 18770 tons, a month-on-month increase of 2.85%, a year-on-year increase of 4.57%, and the output increased to more than 800 tons year-on-year.
In January, the output of sponge titanium areas increased and decreased. Affected by the market and production, the output of sponge titanium in some areas decreased slightly; new production capacity of Yunnan National Titanium Gansu Base was released, and sponge titanium output in January increased on the same month.
In January 2024, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Xinjiang accounted for 24%, 17%, and 15% of China's total output respectively.
In January, due to market stocking demand, downstream companies purchased more sponge titanium, manufacturers removed inventory, and the market spot supply was tight. In addition, under the influence of maintaining high costs, Yunnan National Titanium Metal issued a letter to increase the price of sponge titanium by 2000 yuan/ton in January. Other companies The prices of new orders have increased differently, and the price of sponge titanium has rebounded; due to the release of new market production capacity, sponge titanium production will continue to rise in February.
