- Firm supplier offers limit further ferro titanium declines
- Balanced demand keeps ferro titanium market broadly stable
Indian ferro titanium prices declined by INR 7,800/t ($81/t) w-o-w to INR 367,800/t ($3,821/t) exw-India. The correction was limited as steady demand and firm seller offers continued to provide underlying support.
Steady buying limits sharper price correction: Domestic demand remained largely stable, with consumers continuing need-based procurement despite the recent decline in prices. Market participants reported consistent enquiries from regular buyers, helping absorb available material and preventing any significant deterioration in overall market sentiment.
Firm offers reflect cautious supplier confidence:Suppliers maintained firm offers, supported by stable production costs and measured selling activity. Rather than aggressively reducing prices, most sellers preferred to hold quotations, expecting steady demand to gradually improve order inflows. This cautious approach helped keep the market broadly balanced despite weaker prices.
China market remains stable on balanced fundamentals: China’s ferro titanium market remained largely unchanged, supported by balanced supply-demand conditions. Market participants adopted a wait-and-watch approach as stable raw material costs and cautious downstream procurement kept trading activity moderate, offering limited direction to regional price trends.
Outlook
Indian ferro titanium prices are expected to remain broadly stable, with demand trends, supplier offers, and developments in the Chinese market guiding sentiment.
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