European ferro-titanium prices skyrocket, rising at $8

Due to the tight supply of materials, the price of ferro-titanium in the European region continued to increase. The current price is only 20 cents away from the highest price in the year. It is expected that the summer recess will end, and when the production capacity of consumers resumes, the price will continue to increase significantly. Under this expectation, In the next few weeks, the European ferro-titanium is expected to keep rising.

A manufacturer said: “Whether it is titanium scrap or titanium finished products, there is not much supply on the market, and many people are still on vacation without returning to the market. The uptrend may continue, with a price of US$9/kg. Will soon appear."

The 70% ferro-titanium price has increased from the previous 6.50-7 US$/kg to 6.80-7.50 USD/kg, and the current trading price is in the new range.

A manufacturer sold 20 tons of ferro-titanium at a price of US$7.40/kg and sold a total of 150 tons of goods at a price of US$7.25/kg, while the other manufacturer had a price of US$8/kg. Sold a truck with low aluminum content of titanium and iron (less than 2.5%), which is usually 50 cents higher than the standard specification of ferro-titanium..

The transaction price of the middleman transaction was basically at the price of 7.2 US dollars/kilogram, and a trader stated that he purchased a large bag of titanium iron at the lowest price in the interval.

Although some large consumer companies have not yet entered the market, it is very difficult to purchase at a price of $7 or less, based on continued tightening of market supply, and the price is higher than one day a day.

The manufacturer said: "There are a lot of inquiries, but by September I can only provide one truck of ferro-titanium. This may be the last three years I have seen the fastest rise in ferro-titanium prices. My current quote is $7.5/kg."

The prices continue to rise significantly, and many suppliers are reluctant to sell their goods, waiting for higher prices to appear. Another manufacturer said: "I did not sell goods to traders, and now I have no shortage of funds. I recently We received two inquiries of $7.25/kg, but I haven't been very anxious to ship. Now we are increasing the price by 10 cents each time."

The soaring price of ferro-titanium is also mainly due to the continuous shortage of titanium scrap, and the price of titanium scrap has also been rising.

Titanium cutting prices also rose from the previous 1.75-2 US dollars / pound to 1.85-2.10 US dollars / pound, but titanium iron and iron producers find it difficult to find the source of raw materials.

The first manufacturer said: "There is very little supply of waste. I have not restocked for two weeks, and there are no suppliers to offer me."

One of the manufacturers purchased 65 tons of waste at the top price. He thought he was too lucky.

Due to tight supply, titanium-iron traders are rushing to purchase before the consumer returns to the market, and prices are expected to continue to soar in the next few weeks. Market participants, this week, ferro-titanium prices are expected to touch the US$7.7/kg in late April and early May. High prices during the year.

A trader said: “When consumers return to the market, demand will increase significantly, although some consumers say they can still purchase at a price of around US$7/kg, but prices have risen too fast. The price has risen to more than $7/kg, and it is estimated that it will soon reach $8/kg."