Before National Day, the competition for titanium materials in Baoji intensified. In order to seize the market at the end of the year, private titanium material companies have lowered their sales prices. At the same time, the downstream market did not increase purchases because of price reductions by companies, but instead had a strong wait-and-see mood, hoping that companies would further reduce prices.
In terms of the titanium sponge market, the 20-ton production of Xinjiang Xiangsheng has made Yiyi the largest titanium sponge manufacturer in China, with an annual output of 26,000 tons. Since it has a production line of the whole industry chain of plates, about half of the sponge titanium can be digested by itself. Other domestic sponge titanium factories need to rely on downstream material processing enterprises. Since this year, sponge titanium enterprises have been expanding their production scale, and domestic enterprises' sponge titanium production capacity has already close to 200,000 tons. Recently, due to the sluggish demand from downstream enterprises, the titanium sponge sales market is facing a lot of pressure, and some companies have announced to increase in their sales prices at this time, which makes the industry very puzzled. At this time, some sponge titanium companies took advantage of this opportunity to start to loosen their sales prices so that they could ship quickly, and market competition was intensifying.
Before and after National Day, the Baoji epidemic began to recur again, especially in Meixian County, which was the hardest-hit area in this round of epidemics. Some roads were closed, and enterprises entered closed management. The outbreak of the epidemic during the holiday has little impact on the company.
Recently, various domestic sponge titanium companies announced price increases, but other companies did not follow up. Instead, some sponge titanium companies adjusted their sales prices. All companies are stepping up efforts to impact their performance at the end of the year, and competition has intensified.
Affected by the Baoji epidemic, the delivery of titanium enterprises has been delayed recently, and the competition among enterprises has intensified before the festival. Some enterprises have lowered their sales prices, which has led to a chain reaction in the market.
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