Titanium sponge production analysis in May 2021

According to LYDD statistics, China's titanium sponge production in May 2021 12470 tons, an increase of 45.68% year-on-year, up 3.07% YoY. 2021 January-May titanium sponge production accumulated 60,056 tons, an increase of 36.39% YoY, compared with the January-May 2020 production growth of about 16,606 tons.

With the release of titanium sponge production capacity and raw material supply relief, titanium sponge production in May has increased, June with the release of new domestic production capacity, titanium sponge production in June is expected to continue to improve.

The top three domestic production areas of titanium sponge Liaoning, Sichuan, Xinjiang, accounting for 33%, 19%, 16% of total domestic production, respectively.

Titanium sponge military market demand is strong, the market supply is tight, the civilian market recovery. With the overall recovery of the market, titanium sponge demand increased. Raw material prices continue to rise, the cost of manufacturers continue to increase, enterprises are more willing to raise prices, titanium sponge market new single prices gradually upward, the later market prices will be stable in the upward trend.