- Firm raw material costs support ferro titanium prices
- Weak construction prices impact Chinese buying
India’s ferro titanium (Ti:70%, 10-50 mm) prices remained unchanged w-o-w at INR 360,000/t ($3,747/t) exw-India, as per BigMint’s assessment on 28 May. Firm raw material costs continued to support offers, while steady demand from consumers kept prices stable during the week.
Meanwhile, at SAIL-ASP’s reverse auction held on 20 May for 25 t of ferro titanium (Ti: 65% min, 10-50 mm), the H1 bid was heard at around INR 286,000/t ($2,977/t) FOR, excluding taxes, according to market sources.
In China, ferro titanium prices also stayed stable at around RMB 28,250/t ($4,167/t) exw. Steel mills gradually started their June procurement, supporting demand. However, weak construction steel prices and rainy weather in southern China continued to affect end-user consumption. Most buyers preferred need-based purchases, keeping overall market sentiment cautious yet balanced.
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