The Sponge Titanium Market Price Goes on Burning
In the last two or three months, the main quoted price for sponge titanium keep on raising, and the price of 1# grade sponge titanium step over 80 thousand RMB per ton in last week, because of raw material such as TiCl4 price increase sharply, and the supply shortage a lot.
In June, only 41.66% sponge titanium manufacturers go on working, most of them have no stock or short of stock, that means, we have only price, but cannot buy because of shortage.
Lead to the price of downstream industry increasing, like sputtering targets.
Let’s keep eyes on the trend of next month.