- Firm seller offers keep prices supported
- Limited spot supply offsets cautious buying
Indian ferro titanium (Ti: 30%) prices remained unchanged w-o-w at INR 365,000/t ($3,865/t) exw-India, supported by steady demand and balanced market conditions. Limited spot availability of ferro titanium units helped suppliers maintain firm offers, keeping prices stable despite cautious buying activity.
Market sources indicated that demand remained healthy, while fewer units were available in the market, resulting in stable trade levels. Most buyers continued to procure material on a need-based basis.
In China as well, prices remained stable, supported by firm raw material costs. However, seasonal weakness in construction steel demand and cautious steel mill procurement kept overall trading activity subdued.
Outlook
India’s ferro titanium market is expected to remain stable in the near term, supported by limited availability and steady demand.
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