The price of titanium and titanium alloys increase sharply in March 2017
Currently, the Chinese titanium market continues its crazy, especially titanium sponge market. The main quoted price for 1 grade titanium sponge increases to 64 thousand RMB per ton, and 0 grade titanium sponge up to 65 thousand RMB per ton, the amount of increase over 58%. Nevertheless, we have only price, but cannot buy because of shortage.
There are two reasons:
- The cost of upstream raw material increase sharply, such as the price of titanium concentrate ore raised 230%, titanium slag raised 71%, TiCl4 raised 42%.
- Some TiCl4 and titanium sponge manufacturers stop their production because of the environmental protection policy goes stricter.