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In March, the titanium sponge market experienced two consecutive price increases in the short-term, and this phenomenon is rare in recent years

- Apr 10, 2018 -

In March, the titanium sponge market experienced two consecutive price increases in the short-term, and this phenomenon is rare in recent years. Sponge titanium prices have been raised twice in a row in less than 10 days. Last week, some companies increased their product prices to 55,000 to 56,000 yuan per ton, after which the price of sponge titanium went up again to 60,000 yuan per ton. However, at the same time that prices have risen rapidly, we have also noticed that the total demand for sponge titanium has not changed significantly and the market transactions have been relatively stable. The logic of this round of price increase of titanium sponge is obviously not demand-pull or supply-demand imbalance, but cost-driven.

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