According to Argus' Data, conflicts broke out between Russia and Ukraine at the end of February, international buyers worried that the supply of sponge titanium would be interrupted due to this, which prompted the unpaid price of sponge titanium TG TV Rotterdam to jump to $16-18.50/kg on March 8, although the price fell in the later period, as of July 19, the price remained at a historical high of $10-12.50 / kg.
Affected by the improvement of the international market and the downstream demand, as well as the decline in the price of raw metal magnesium, Chinese sponge titanium producers have continued to increase their production since March.
In June this year, the monthly output of titanium sponge was the highest in the past two years. According to the statistics of the Argus market analysis team, from January to June this year, China produced 69610 tons of sponge titanium, an increase of 1.96% over 68270 tons in the same period last year.
