- Rupee depreciation and elevated raw material costs support prices
- Chinese ferro titanium market remains stable at higher levels
Indian ferro titanium (Ti:70%, 10-50 mm) prices increased further by INR 10,000/t ($103/t) w-o-w to INR 360,000/t ($3,738/t) exw supported by firm input costs and tighter spot availability. The recent rupee depreciation against the US dollar made imported titanium scrap prices higher, leading sellers to revise offers upward. Despite rise in offers, steady steel sector demand and ongoing mill tenders continued to support market sentiments.
On global front, China’s ferro titanium market remained largely stable, supported by firm sponge titanium and aluminum prices, which continued to provide strong cost support across both high- and low-grade material segments. Elevated raw material costs, including titanium tetrachloride, supported high-grade ferro titanium prices, while tight overseas aluminum supply and low global inventories strengthened the cost floor for low-grade material.
On the demand side, steel mill procurement continued steadily, with major mills maintaining tender activity. However, limited downstream acceptance for high-priced material and cautious buying sentiment kept overall transactions moderate, resulting in the market consolidating within a stable range in the near term.
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