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The suspension of titanium business by some traders shows that the market is still lack of confidence

Jun.28 2020      Source:ruidow

Keywords:titanium market

Affected by the slowdown of macro-economic growth, sudden epidemic and other factors, the current domestic titanium market is not performing well, with both product prices and demand declining, which also led to the temporary withdrawal of some traders from the titanium product trade business.

The price of Panzhihua 10titanium ore decreased to 1200 yuan / ton from 1450 yuan / ton at the beginning of the year; the price of 90% titanium slag decreased to 5940 yuan / ton from 6280 yuan / ton at the beginning of the year; the price of titanium tetrachloride decreased to 6300 yuan / ton from 8000 yuan / ton at the beginning of the year; the price of titanium sponge decreased to 54000 yuan / ton from 80000 yuan / ton at the beginning of the year; the price of titanium dioxide decreased to 12000 yuan / ton from 14500 yuan / ton at the beginning of the year. It can be said that the prices of several major titanium products are in a downward trend, and some of them even fell by more than 30%. In the process of price decline, the problem of poor sales of products is quite prominent. Not only at home, but also in the global market.

In this case, in order to avoid risks, some traders temporarily stopped trading in titanium products, which is also easy to understand. The decline of traders' participation activity can reflect the situation of an industry. In the process of communication, many traders mentioned the problems of poor demand, rising risk and limited import. Poor demand and rising risk are mainly due to the impact of market downturn. Export restriction is an abnormal production caused by the global epidemic. The withdrawal of traders shows that market confidence is still insufficient. In this atmosphere, the short-term market may still hover at the bottom.

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