Price trend:
| Gamma Polyglutamic Acid |
According to monitoring data from Shengyishe, as of January 26th, the benchmark price of Shengyishe sponge titanium was 51500.00 yuan/ton, a decrease of -3.74% compared to the beginning of this week (53500.00 yuan/ton).
Analysis of influencing factors:
The production capacity of sponge titanium enterprises throughout the entire process has been released, and inventory levels have increased, resulting in oversupply of domestic sponge titanium. Among them, Liaoning has the largest increase in production, with a growth rate of 45%. At present, there is overcapacity in sponge titanium production, and the raw material end continues to rise, resulting in high costs. Downstream titanium material market demand is weak. However, as the end of the year approaches, the stocking sentiment has improved and the inventory has eased, but the signing price remains negotiable.
Post forecast:
Business Society Sponge Titanium Analyst believes that there is not much room for price increase in the sponge titanium market next week and it will continue to operate weakly and steadily.
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