Since the third quarter of this year, affected by the domestic and international economic situation, the inventory of domestic titanium-related enterprises has increased, and the imbalance between supply and demand, and the price decline have made production and processing enterprises difficult. It is learned from the gathering areas of major titanium enterprises that in the past month, the output value and sales revenue of enterprises in the park have fallen sharply, generally exceeding 15%, and in some areas, it is close to 20%. The severe economic situation has made enterprises generally worried. At the same time, the drop in the price of titanium sponges has also made it more difficult for titanium enterprises to sell. The ever-lowering price has made the market less confident in buying. Such a vicious circle has made it difficult for enterprises this year to continue.
It is difficult to break through the overseas market, and the domestic market is seriously involved. Where is the way out for the titanium industry? It has become a hot topic in the industry for a while. Baoji Titanium Industry Research Institute believes that enterprises still need to generate driving force through technological innovation and have differentiated products in order to avoid product involution. In the recent period, the market growth has peaked and is gradually moving towards the stock. This trend will increase the challenges of business operations. From a historical perspective, building a differentiated product system through technological innovation has always been one of the best ways for companies to open up new territories. From the perspective of the titanium industry, some enterprises with long industrial chains, high equipment levels, and strong innovation capabilities are less affected by this round. Their markets and customers are relatively stable, and some enterprises have also received new market orders. And those small and micro enterprises with poor equipment and single products are the main targets of this round of impact, and they are directly facing the risk of being eliminated. In the long run, this round of changes in the market structure may not be a good thing. Through the hands of the market, it has raised the entry threshold of the titanium industry, eliminated a number of weak and small enterprises, and allowed large enterprises to compete in specialized division of labor, high-quality management, and Widening the gap between small and micro enterprises in production and other aspects is also conducive to the innovation and healthy and orderly development of the titanium industry.
This week, the price of domestic titanium materials has been lowered to a certain extent with the price reduction of titanium sponges. The orders for bulk products of titanium materials have rebounded, and the market sales are still sluggish. It is expected that this situation may last until October.
Here are this week's reports on key products in the titanium market:
1. The weak sales of sponge titanium are not smooth
After the price of titanium sponge fell continuously and rapidly this week, inquiries increased, but downstream companies lacked their own orders, and they still mainly waited and watched and consumed inventory, and production companies were under great pressure.
2. The quotations of titanium ingots are chaotic, and the orders of smelting enterprises are reduced
Due to fluctuations in the price of titanium sponges this week, most enterprises have stopped quoting external quotations for ingots, and the market price is relatively chaotic. At the same time, the order volume of the prosperous smelting enterprises in the previous stage slowed down, and the production was not as good as last month.
3. Orders for wide-width titanium plates and coils increase and prices drop
In the wide-width titanium plate and coil market this week, the price is loose, and orders have picked up.
4. Titanium rods and wires continue to weaken
This week, the market for titanium rods and wires continued to be weak, with fewer orders and insufficient tasks for production enterprises, resulting in greater pressure, and prices are expected to weaken.
5. The quotation of titanium pipe is flat
This week, the market demand orders for titanium seamless pipes increased, and the prices remained the same as last week. The price of titanium welded pipes fell and orders decreased.
6. Orders for titanium alloy materials increased and prices fell
This week, the market orders for titanium alloy materials increased, and the prices dropped.
This week, the titanium material market continued to be dominated by a weak market. The demand was good but the price fell. It is expected that this market situation will continue until October. Enterprises should pay close attention to market changes and respond flexibly to ensure they maintain their competitive advantage in the highly competitive industry.
