Industry News_News_Nanjing Maici Titanium Industry Co., Ltd.

How do titanium sponge enterprises respond to the "skysurge" of magnesium ingots?

2021-10-05

How do titanium sponge enterprises respond to the "skysurge" of magnesium ingots?

The price of magnesium ingots has risen sharply, which is rare in history. Once the price soaring becomes a "mad cow", it is often unstoppable. The current surge of magnesium ingots may be like the price of sponge titanium rose from more than 40,000 yuan a ton to 250,000-300,000 yuan from the end of 2004 to 2008, an increase of about 7 times. The price increase of vanadium in the first two years was also crazy, of course, after any craziness, it will eventually return to normal.

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A set of data comparison

——The price of magnesium ingot on December 31, 2020 is RMB 1.55-156 million/ton. On September 22, 2021, the price of magnesium ingots is between 62 and 62,500 yuan/ton. Increase by more than 4 times;

——The price of titanium tetrachloride is 6500-7000 yuan/ton on December 31, 2020. On September 22, 2021, the price of titanium tetrachloride is 7800-7900 yuan/ton. It rose by 1300-1400 yuan.

——The price of sponge titanium was 64,000 yuan/ton on December 31, 2020. On September 20, 2021, the price of sponge titanium is 67-70 thousand yuan/ton (the quotation has been stopped at present).

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Cost Analysis of Sponge Titanium

Magnesium ingots and titanium tetrachloride raw materials are the main cost of constituting titanium sponge. According to the theoretical data of 1.1 tons of magnesium ingots and 4 tons of titanium tetrachloride to produce 1 ton of titanium sponge, the cost of this sponge titanium alone is close to 100,000 yuan/ton.

The cost of titanium sponge is not only composed of magnesium ingots and titanium tetrachloride, but also various expenses such as management expenses, financial expenses, depreciation expenses, water and electricity expenses, and labor costs. In this way, the cost of sponge titanium exceeds 100,000 yuan per ton. Ten thousand yuan or 120,000 yuan has been objectively constituted.

The cost composition of titanium sponge enterprises is also different. The cost of titanium sponge for private enterprises is slightly lower than that of state-owned enterprises, and the cost of titanium sponge for full-process enterprises is significantly better than that of semi-process enterprises. A full-process enterprise needs about 0.15 tons of magnesium ingots to produce one ton of sponge titanium, and a half-process enterprise needs about 1.1 tons of magnesium ingots.

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Factors affecting the price of sponge titanium

There are many factors that influence the price of sponge titanium, and the main influential factors are as follows:

1. The price increase of raw materials promoted. For example, the rise of the main raw materials magnesium ingot and titanium tetrachloride will inevitably affect the price of sponge titanium, as well as the rise of electricity costs, labor costs, and financial costs. These are all factors that affect the price of sponge titanium.

2. The downstream market just needs to increase in new applications on the basis of stock, and the increase in rigid demand will inevitably stimulate the price of sponge titanium. For example, the expansion of the military product field and the expansion of the civilian product application field in recent years are all factors that stimulate the production and price increase of sponge titanium.

3. The change of sponge titanium production capacity affects the price change. In recent years, the downstream market just needed titanium sponge obviously showed a flexible growth trend, but the price of titanium sponge has not returned to the price of 250,000 to 300,000 yuan in 2004-2008, and it can only be 55,000-85,000 in two or three years. Fluctuations between 10,000 yuan (a large amount of time fluctuated around 60,000 yuan), because the production capacity of sponge titanium was expanded too fast, and the actual output increased too sharply: about 85,000 tons in 2019, 123,000 tons in 2020, and 150,000 tons in 2021. Around tons. At present, due to the skyrocketing rise of magnesium ingots, titanium sponge enterprises are facing production restrictions, production reductions and even some halts. The production of titanium sponge in 2021 may increase slightly on the basis of 2020.

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The embarrassing titanium sponge market

Magnesium ingots have skyrocketed, and the price of sponge titanium has become inevitable, and it is not the tentative rise of 2,000 yuan in the past, it must be a rise of tens of thousands or even tens of thousands of yuan per ton. No matter how the price of sponge titanium is adjusted, the current situation of sponge titanium is very embarrassing for the following reasons:

1. The sharp rise of upstream raw materials has caused the cost of titanium sponge to exceed 100,000 yuan/ton. The current price of 60,000-70,000 yuan is impossible to continue. The only option must be a large price adjustment, and the price must exceed 100,000 yuan to maintain production. .

2. The upstream raw materials force titanium sponge companies to a

2010-2015 China Titanium Industry Investment Analysis and Prospect Forecast Report

2011-02-14

In the earth's crust, titanium reserves are second only to iron, aluminum, and magnesium, ranking fourth. Because titanium has the characteristics of high melting point, small specific gravity, high specific strength, good toughness, fatigue resistance, corrosion resistance, low thermal conductivity, good high and low temperature tolerance, and low stress under rapid cold and hot conditions, its commercial value is in 20 It has been recognized by people since the 1950s and has been used in high-tech fields such as aviation and aerospace. With the continuous promotion to chemical, petroleum, electric power, seawater desalination, construction, daily necessities and other industries, titanium metal is increasingly being valued by people, known as "modern metal" and "strategic metal", and it is indispensable to improve the level of national defense equipment. Important strategic materials.　　 There are two important indicators to measure the scale of a country's titanium industry: sponge titanium output and titanium material output. The sponge titanium output reflects the raw material production capacity, and the titanium material output reflects the deep processing capacity. At present, the titanium industry has formed five major production and consumption entities in China, the United States, the Commonwealth of Independent States, Japan and Europe.

　　 China's titanium industry started in 1954. After 55 years of development, great achievements have been made. China has become the world's largest titanium industry country. Before 2001, China's production of sponge titanium was 2500 tons per year, accounting for only 3% of the world's total titanium production. However, by 2008, China's production of sponge titanium was 49,632 tons per year, accounting for 30% of the world's total production of titanium, ranking first in the world in one fell swoop. Before 2001, the output of processed titanium materials in China was 2500 tons per year, accounting for only 5% of the world’s total titanium output. By 2008, the output of processed materials in China was 27,737 tons per year, accounting for 20% of the world’s total titanium output. %, exceeding the output of European titanium processed materials.

　　 In 2009, China's titanium industry was hit by the international financial crisis, and demand shrank, especially in the international market. On the other hand, driven by the country's 4 trillion investment, domestic demand gradually rebounded. But in general, 2009 was an adjustment year for China's titanium industry. China's production of sponge titanium was 40,785 tons, and the production of titanium processed materials was 24,965 tons.

　　In the long run, the demand outlook for titanium remains bright. With the gradual advancement of economic development and technological progress, the application of titanium continues to expand. From the initial aerospace to the chemical metallurgy and sports and leisure industries, the demand for titanium will continue to grow rapidly in the next ten years.

Nickel prices may fall in 2011

2011-02-21

Comprehensive media news on February 17 GFMS stated that nickel prices will fall in the second half of 2011 and 2012 due to oversupply.

　　 GFMS chief nickel analyst Shairaz Ahmed said that nickel prices will fall in the second half of this year and 2012 due to increased supply.

　　Ahmed said that the average price of nickel will reach US$24,000 per ton in 2011; it will be US$19,500 in 2012 because the market will be in oversupply.

　　 On Wednesday at 1333 GMT, the LME three-month nickel was quoted at US$28,651 per ton.

　　 "Supply and demand conditions mean that inventories will increase further, so nickel prices should decline, but they will not drop significantly due to other non-fundamental factors, such as U.S. dollar or fund buying," he said.

　　Ahmed said that the new production capacity plus the restart of the old production capacity should promote the increase in production, and it is difficult for the market to absorb new supply.

　　 China will continue to promote the growth of nickel demand, which will increase by 12% to 620,000 tons in 2012 compared with 2010.

The impact of nickel trends on the industry

2011-03-21

Titanium application industry

2018-08-21

1. Chemical industry Titanium has good stability in various acid, alkali, and salt media, except for the above four inorganic acids and the highly corrosive aluminum chloride. Therefore, titanium is an excellent anti-corrosion material in the chemical industry and has been used more and more widely. For example, the use of titanium metal anodes and titanium wet chlorine coolers in the chlor-alkali industry has achieved good economic results and is known as a major revolution in the chlor-alkali industry.

　　 2. Among the organic compounds in the petroleum industry, titanium has very good stability except for the five organic acids (formic acid, acetic acid, oxalic acid, trichloroacetic acid and trifluoroacetic acid) at higher temperatures. Therefore, titanium is an excellent structural material in petroleum refining and petrochemical industry, and can be used to make various heat exchangers, reactors, high-pressure vessels and distillation towers.

　　3. Titanium is an active metal in the metallurgical industry. It has good gas absorption properties and is an excellent degassing agent in the steelmaking industry. It can combine the oxygen and nitrogen that are precipitated when the steel is cooled. Adding a small amount of titanium (0.1%) to the steel can make the steel tough and elastic. Titanium is also an important alloy additive in steelmaking and aluminummaking industries. Titanium has superconductivity and is a common superconducting material. In addition, titanium has good stability in acidic solutions containing metal ions. Therefore, titanium is widely used in the electrolytic production of non-ferrous metals such as copper, nickel, cobalt, and manganese in the hydrometallurgical industry.

4. Urea is an important fertilizer in the chemical fertilizer industry. In the production process, urea, ammonia, ammonium carbamate and their mixtures are very corrosive under high temperature and high pressure conditions. The life of the equipment is greatly increased after the use of titanium instead of stainless steel, and the maintenance time decrease very much. Therefore, the main equipment in urea production currently uses titanium.

　　 5. Seawater desalination and shipbuilding industry titanium has better resistance to seawater corrosion than all other metals. Titanium has special stability in static or high-speed flowing seawater. Therefore, titanium is an ideal material for seawater desalination equipment. The number of applications of titanium in this field will increase. Titanium has strong resistance to sea water and ocean air corrosion, and is strong and light. It is an ideal structural material for the shipbuilding industry. It has been widely used in many parts of various ships and deep-water submarines.

　　6. Titanium in the power industry has good stability in many corrosive hot water containing chlorides, sulfides, etc. Therefore, titanium has been used in large quantities as cooling tubes for heat exchangers in thermal power plants. After replacing the copper-nickel alloy tube with a thin-walled titanium tube, not only the service life is greatly increased, but also the maintenance time is greatly reduced, and the economic effect is very significant.

　　7. Titanium in the papermaking and textile industry has special corrosion resistance to chlorine dioxide, chlorite, chlorite and other bleaching agents. Therefore, titanium has important applications in bleaching equipment in textile printing and dyeing industry and papermaking industry. For example, the sub-bleaching machine made of titanium has a good effect. At the same time, it is also used as a spinneret in industries such as synthetic fibers.

　　 8. In other respects, titanium can resist the corrosion of the human body and is harmless to the human body. Therefore, it can be widely used in the industrial, medical and pharmaceutical industries. Titanium has good suction performance and is also widely used in electronic vacuum technology and high vacuum technology.