From a global perspective, titanium demand mainly comes from high-end fields, of which Aerospace accounts for 46% of consumption; Domestic demand for titanium materials shows a polarization trend. Low-end materials are mainly used in civil fields such as the chemical industry, while high-end materials are mainly used in aerospace, shipbuilding, and other fields.
Specifically, at the product level, high-end titanium materials are mainly used for Aeroengine Blades, fuselage materials, and aviation fasteners, while civil materials are mainly used for logging tools, downhole packers, and oil casings in the petrochemical field. In 2019, 51% of Ti materials in the domestic market will be used in the chemical industry, 18% in aerospace, and 8% in shipbuilding and marine engineering.
According to a company, the sponge titanium purchased is mainly graded 0, while the specification standard of sponge titanium purchased by civil titanium alloy is relatively low. Therefore, the price difference between grade 0 sponge titanium and low-grade sponge titanium can reflect the relative strength of the military and civil titanium materials.
The price difference between grade 0 and grade 4 sponge titanium (10000 yuan/ton)
