March 2021 titanium sponge production analysis

May 29, 2024, 11:58 AM

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Highlights at a glance

In March 2021, China's titanium sponge production reached 11,985 tons, marking a 33.17% year-on-year increase. The total production from January to March was approximately 35,488 tons, up 36.89% from the previous year. The growth is attributed to increased demand and market recovery, particularly in the military sector, as well as rising prices for titanium ore and other raw materials.

According to Tuoduo statistics, in March 2021 China's titanium sponge production 11985 tons, up 33.17% year-on-year, up 1.98% YoY. 2021 1-3 titanium sponge production totaled about 35488 tons, up 36.89% from January-March 2020, production increased by 9563 tons.

With the release of titanium sponge production capacity and the gradual upward movement of market prices, demand has increased and titanium sponge production has gradually increased.

The top three domestic production areas of titanium sponge Liaoning, Sichuan, Xinjiang, respectively, accounting for 32% of total domestic production, 20%, 16%.

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, titanium ore raw materials and other prices rise, titanium sponge market new single price to maintain the upward trend.