India: Ferro titanium prices rise on tight supplies, stronger demand

• Rising costs support price gains
  
  
• Chinese market trades within narrow range
  
  

India's ferro titanium (Ti: 70% min) prices increased by INR 6,000/t ($64/t) w-o-w to INR 371,000/t ($3,926/t) exw-India amid firm raw material costs, tightening supplies, and improved buying interest from steelmakers.

Market highlights

Raw material costs support market: Prices of key raw materials like titanium scrap remained on the higher side, increasing production costs for ferro titanium manufacturers. The continued firmness in raw material markets encouraged suppliers to maintain higher offer levels.

Supply availability remains constrained: Market participants reported limited spot availability, as producers remained cautious in offering material amid rising costs. Tight supplies provided additional support to domestic prices.

Demand improves from steel sector: Buying activity improved during the week, with steel mills entering the market to meet alloying requirements. The increase in enquiries and procurement activity helped support the upward price movement.

China market trends: China's ferro titanium market remained largely stable during the week. Producers maintained steady operating rates, while firm aluminum powder prices continued to support production costs. On the demand side, several major steel mills remained active with tender announcements and procurement plans, lending support to market sentiment. However, purchases continued to be largely need-based, limiting the pace of transactions and keeping overall trading activity subdued.