The Chinese titanium mill products market has seen increasing enquiries over the past two weeks. Currently, mainstream prices for titanium pipe 25*1mm stand at RMB112-118/kg (USD16.4-17.2/kg) ex works, a slight RMB2/kg (USD0.3/kg) increase compared with mid-October. Considering the firming up production cost, participants expect a relatively positive market in the coming two weeks.
“We have secured 5 tonnes of sales in November and I think we can manage 7 tonnes in total this month as we have received more enquiries these two weeks,” said a producer in South China, conveying that the local titanium mill products market has seen a slight uptick in price and enquiries over the past two weeks. The source is selling at RMB210/kg (USD30.9 /kg) ex works for TA1 titanium pipe 12*1mm with those for 25*1mm at around RMB115/kg (USD16.9/kg) ex works, up by RMB2/kg (USD0.3/kg) against early October. Additionally, he revealed that they sold about 5 tonnes of titanium pipes last month, expecting a firm price trend in the coming two weeks.
The producer, with an annual production capacity of about 200 tons of titanium pipe, adopting a make-to-order strategy, produced about 6 tonnes of titanium mill products last month. Currently, he holds around 2 tonnes of titanium pipe billet in stock.
A producer in North China echoed these sentiments when speaking with Asian Metal. They are selling at RMB105/kg (USD15.5/kg) ex works for titanium pipe 25*2mm, up by RMB2/kg (USD0.3/kg) compared with last month. “We can manage at least 8 tonnes of titanium pipe sales with current price range in November,” said the source, “I have received several enquiries this week, you do not get to receive enquiry every week.” The source added that they sold about 4 tonnes of titanium mill products last month, including 1 ton of titanium plate and titanium wire. As prices for titanium sponge have increased, he expects a slight upward price trend of titanium mill products in the coming two weeks.
The producer, with an annual production capacity of about 300 tons of titanium mill products, produced about 4 tonnes of titanium pipes last month. Currently, he holds around 30 tonnes of titanium pipe billet in stock.