According to Tuduo statistics, China's sponge titanium output in February 2024 was 17980 tons, a month-on-month decrease of 4.21% and a year-on-year increase of 1.15%. In January and February 2024, the sponge titanium output was approximately 36,800 tons, a year-on-year increase of 2.87%, and the output increased to more than 1000 tons.
In February, the sponge titanium market decreased due to the impact of individual enterprises 'installations, and the construction of other enterprises was basically stable. Sponge titanium output decreased slightly compared with the previous month.
In February 2024, China's top three producing regions of titanium sponge in China, Liaoning, Yunnan, and Xinjiang accounted for 26%, 17%, and 15% of China's total output respectively.
In February, the market experienced the Spring Festival holiday. The market was affected by replenishment and increased demand. In addition, the market supply decreased. The spot supply in the sponge titanium market was tight in February. Enterprises placed orders basically until March. The market supply was less than demand. The price of sponge titanium was about 3000 yuan/ton. The increase was around yuan/ton; in March, the market expected that the new production capacity of national titanium will be released, and sponge titanium production is expected to increase slightly.
