Titanium sponge market analysis in the first half of 2021

1、Price Analysis

1、价格分析

2021 first half of the overall price of titanium sponge was a steady rise in the trend, the continuation of the second half of 2020 up, the price to maintain a slightly higher; downstream market demand is strong, coupled with the release of new production capacity in the first half of the first half of titanium sponge volume and price rise.

2021上半年海绵钛价格整体呈稳中上涨态势，延续2020下半年涨势，价格维持小幅走高；下游市场需求旺盛，加之上半年新增产能释放，上半年海绵钛量价齐升。

The first-class titanium sponge market offer 64,000 yuan / ton at the beginning of the year, as of now the first-class titanium sponge market offer 70,000 yuan / ton, the year than at the beginning of the cumulative price increase in 15-19,000 yuan / ton, the market price increase is mainly driven by raw material supply tension and high prices, the first half of the cumulative price of magnesium ingot up about 3,700 yuan / ton , titanium tetrachloride cumulative price increase of about 1,000 yuan / ton, the increase in raw material costs The price must rise; and military market demand is strong, the civilian market demand recovery, titanium sponge overall market demand increased.

年初一级海绵钛市场报价6.4万元/吨，截至目前市场一级海绵钛报价7万元/吨，年中较年初价格累计涨幅在1.5-1.9万元/吨，市场价格上涨主要受原料供应紧张及价格高位，上半年镁锭累计价格上调约3700元/吨 ，四氯化钛累计价格上调约1000元/吨，原料成本增加推动价格一定的上涨；以及军工市场需求旺盛，民用市场需求恢复，海绵钛整体市场需求增加。

2、Production Analysis

2、产量分析

According to TDD statistics, January-June 2021 titanium sponge production in 72,400 tons, an increase of 40.90% over the same period last year, an increase of about 21,000 tons, monthly production than last year have a large increase in production, a significant increase in production mainly for the market new and old capacity release.

根据涂多多统计，2021年1-6月海绵钛产量在7.24万吨，较去年同期增长40.90%，增长约2.1万吨，每月产量较去年都有较大增幅，产量大幅增长主要为市场新增及旧产能释放。

The largest increase in the first half of the year is the Xinjiang increase of 134%, followed by Henan increase of 68% and Liaoning increase of 33%; new areas are Gansu.

上半年增幅最大是新疆增幅为134%，其次是河南增幅68%和辽宁增幅为33%；新增地区是甘肃。

The top three regions of domestic production of titanium sponge in the first half of 2021 are Liaoning, Sichuan and Xinjiang, accounting for 33%, 19 and 16% of total domestic production respectively.

2021上半年海绵钛国内产量前三地区是辽宁、四川和新疆，分别占国内总产量33%、19、16%。

3、Import and export data

3、进出口数据

According to TDD statistics: from January to June 2021, China's titanium sponge imports accumulated about 5170.3 tons, an increase of 57.51% over the same period last year, an increase of about 1887.7 tons.

据涂多多数据统计：2021年1-6月中国海绵钛进口累计约5170.3吨，较去年同期增长57.51%，增加约1887.7吨。

Import countries are mainly Japan, Ukraine, Kazakhstan, of which imports of Japan increased by a large margin.

进口国家主要为日本、乌克兰、哈萨克斯坦，其中进口日本增幅较大。

The cumulative export from January to June 2021 is about 550 tons, an increase of about 52.97% or about 190.48 tons compared with last year.

2021年1-6月累计出口约550吨，较同比去年增长约52.97%，增加约190.48吨。

Export regions are mainly South Korea, Taiwan, Switzerland and Sweden, with the largest increase in South Korea.

出口地区主要为韩国、中国台湾、瑞士、瑞典，其中韩国增幅最大。

4、Post Market Forecast

4、后市预测

Titanium sponge domestic market demand is good, the release of new production capacity, the market supply and demand is relatively stable, the actual transaction price of titanium sponge is low, enterprises are under pressure, low profits; Rio Tinto RBM force majeure factors caused by shutdown and ILUKA plans to shut down Sierra rutile project in November, and then the domestic chloride titanium dioxide new production capacity put into operation, titanium chloride raw materials will be tight, titanium raw material prices will continue to be high Titanium sponge prices will continue to run firm in the late.

海绵钛国内市场需求良好，企业新增产能释放，市场供需相对稳定，目前海绵钛实际成交价格低位，企业有所承压，利润偏低；力拓RBM不可抗力因素造成停产及ILUKA计划11月关停塞拉金红石项目，再有国内氯化法钛白新增产能投产，氯化法钛原料将有所偏紧，钛原料价格将继续高位，海绵钛后期价格将继续坚挺运行。