Titanium market demand

:2019-08-01 136


Titanium demand will grow and prices will stabilize

    According to Olin Research Group LLC, demand for titanium is expected to increase in the next two to three years, but market prices will not rise soon.
    According to a research firm based in Ohio, demand for titanium in the Western Hemisphere will peak at 2018, reaching about 260 million pounds to 265 million pounds. But demand in the next 12 to 18 months will not be enough to “create price leverage” and will continue to maintain pricing tensions. The report pointed out that the price of iron scrap increased the price of titanium to $9/lb, but did not continue to rise due to oversupply in the market. According to the latest assessment of the US metal network, the price of Ti-6Al-4V ingots is stable at 8~8.75 US dollars / lb. The report also pointed to the biggest driver of the long-term demand growth of 40 million pounds from the aviation industry. But Christopher D. Olin, president and principal analyst at Olin Research Group LLC, said that titanium for the aerospace industry is usually in a contracted plan, and market demand is desalinated. The increase in the amount of titanium for oil and gas and general industry. He pointed out that many excess inventories seem to be coming down, but the demand for titanium in industry has not rebounded. Many titanium buyers point out that there are signs that the market is already preparing for a rebound in demand for titanium; another report indicates that titanium stocks have fallen, so it is possible to start hoarding titanium.