- Tight scrap availability supports ferro titanium prices
- Imported scrap availability tightens
India’s ferro titanium prices went up slightly by INR 4,000/t ($41/t) w-o-w to INR 367,000/t ($3,793/t) exw, while the market remained broadly stable with regular supply and demand. Some market participants reported tighter ferro titanium scrap availability in India as more material was being directed towards Japan. PSIC-related concerns, limited processing time and additional import costs further complicated procurement, while higher freight costs added to market volatility and kept spot trading cautious.
India’s stainless steel finished market remained firm but mixed, with decent demand in flat products while long products were slightly subdued. Tight scrap availability and higher molybdenum costs continued to support 316-grade materials, while volatile nickel prices and elevated raw-material and freight costs kept buyers focused on immediate requirements. Stainless steel scrap sentiment also remained mixed, with softer 304 prices contrasting with tight 316 availability.
China’s ferro titanium market remained stable but weak, with initial post-holiday steel mill tenders indicating some recovery in restocking demand, although procurement volumes remained limited. Order-based production and low spot pressure kept supply balanced, while weak sponge titanium prices reduced cost support for high-grade material. Low-grade ferro titanium remained comparatively stable on steady aluminium powder costs.
Outlook
India’s ferro titanium prices are expected to remain firm in the coming week, supported by tighter imported scrap availability and regular demand. However, cautious spot trading, higher freight costs and import-related uncertainties could limit further gains.
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