Baoji Yixin Metals Product Works
2017 Titanium Sponge Price Increasing Quickly
Till end of March, 2017, titanium sponge price increasing from 5700 to 62,000 yuan / ton after Chinese New Year, which is the largest increase this year at present. Titanium raw material price rising also means that after a lapse of more than a year, sponge titanium market will once again return to 60,000/ton times.
The main reason for the sharp rise in titanium sponge prices is costs rising.
First, the production of titanium sponge titanium main raw materials, magnesium ingot cost rose about 2,000 yuan / ton.
Second, titanium raw material costs rose almost 2,000 yuan / ton.
That means titanium sponge raw material costs increased by 4,000 yuan / ton, from this point of view, titanium sponge prices exceeded 60,000 yuan / ton is also reasonable.
In the short term, the current price of titanium raw materials and magnesium ingots will remain in the uptrend, which means that the raw material costs of titanium sponge will keep rising.