According to Tuduo statistics, China's sponge titanium output in September 2024 was approximately 21,700 tons, a month-on-month decrease of 4.62%, and a year-on-year increase of 34.37%; from January to September 2024, the sponge titanium output was approximately 192,700 tons, a year-on-year increase of 20.43%, and the output increased by approximately 32,700 tons year-on-year.
In September, affected by the market and equipment, sponge titanium companies were under great production pressure. Some companies reduced production, and the market output of titanium sponge continued to decrease.
In September 2024, China's top three producing regions of sponge titanium in China, Sichuan, Liaoning, and Yunnan accounted for 23%, 21%, and 19% of China's total output respectively.
Due to the shrinking demand in the downstream titanium market, the titanium sponge industry is under great operating pressure, the transaction of new orders is weak, manufacturers 'inventories are increasing, and prices continue to weaken. At the end of September, the price fell by another 2,000 - 3,000 yuan/ton compared with the beginning of the month. The company's production is upside down and the market supply is overabundant. The sponge titanium market is difficult to be optimistic in the short term. In October, there will be plans to reduce production, and sponge titanium production will continue to decline.
