Tuesday, June 16, 2020

Titanium market will continue to be in good shape

Since the second half of this year, the domestic demand for titanium materials has been strong, and the market has performed well. The sales volume of major domestic manufacturers has increased. Industry insiders want Rui Dao to disclose that the current titanium market is performing well and that the strong demand will continue for a long time.
Factors such as raw material price support and the continued recovery of downstream demand will enable the titanium market to maintain a good momentum in the future. First of all, due to the constraints of raw material supply, the production of sponge titanium is difficult to increase in the short term, and the price will continue to remain at a relatively high point in the next 3 months, which will form a supportive effect on the price of titanium. Secondly, affected by environmental protection transformation and the relocation of old projects, the demand for titanium materials in the chemical industry has increased significantly, and the good situation is expected to continue throughout the next year. Third, the initiation of nuclear power projects at home and abroad will bring new demand for titanium materials. In recent years, many nuclear power projects at home and abroad have landed one after another, and the nuclear power sector is getting rid of the shadow brought by the Fukushima accident, which is not as good as the new round of rising period. Not only did many domestic nuclear power plants break ground, but many projects were also signed internationally. The new generation of nuclear power projects will significantly increase the number of titanium materials, which will be beneficial to the demand for titanium materials. At the same time, several domestic tape and reel and welded pipe projects will also be able to smoothly release production capacity and ease the pressure on the civilian market by signing orders for nuclear power projects.

In addition, the demand for high-end markets such as military industry and aerospace will continue to improve, and related companies can obtain sufficient orders. It can be said that the major domestic large-scale titanium enterprises throughout the year next year are expected to continue to maintain a good business situation. In addition to the relatively fierce competition in some low-end civilian products markets, the overall market can be expected.

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