【Price Review】

【Raw Material Trends】

Pipe Billet

Steel Billet

【Demand Situation】

【Pipe Mill Operations】

• Weekly output: 388,000 tons, a week-on-week increase of 1,600 tons and a month-on-month increase of 4,000 tons;
• Capacity utilization rate: 77.81%, up 0.32% week-on-week and 0.8% month-on-month;
• Operating rate: 78.22%, unchanged week-on-week and up 6.93% month-on-month;
• In-plant inventory: 753,700 tons, a week-on-week decrease of 3,400 tons and a month-on-month decrease of 26,300 tons;
• Raw material inventory: 307,200 tons, a week-on-week decrease of 7,100 tons and a month-on-month increase of 22,000 tons.

【Market Outlook】

The price of titanium rod TA1 (20mm) is 108 - 115 yuan per kg, and for TA1 (20 - 50mm), it is 105 - 108 yuan per kg;

The price of titanium tube TA1 (20 - 25mm) is 125 - 130 yuan per kg, and for TA1 (25 - 30mm), it is 120 - 125 yuan per kg;

The price of titanium wire TA1 (1 - 2mm) is 155 - 185 yuan per kg, and for TC4 (1 - 2mm), it is 265 - 275 yuan per kg;

The price of titanium sheet TA1 (1 - 3mm) is 89 - 90 yuan per kg, and for TA1 (3 - 5mm), it is 61 - 62 yuan per kg, for TA1 (5 - 10mm), it is 60 - 61 yuan per kg, and for TC4 (5 - 10mm), it is 150 - 160 yuan per kg;

The price of titanium chips TA (fine/coarse) is 29 - 31 yuan per kg, and TC is 25 - 27 yuan per kg; The price of waste titanium TA (cut-off/used) is 35 - 45 yuan per kg, and TC (cut-off/used) is 32 - 40 yuan per kg;

The price of titanium ingot TA1 is 54 - 55 yuan per kg, TA2 is 53 - 54 yuan per kg, and TC4 is 63 - 64 yuan per kg.

On August 2, 2023, the mainstream reference contract for refined nickel in the Shanghai market was the SHFE Nickel 2309 Contract.

• Jinchuan Electrolytic Nickel: premium/discount +4,100 CNY/ton, price 176,220 CNY/ton

• Russian Nickel: premium/discount +2,100 CNY/ton, price 174,220 CNY/ton

• Norwegian Nickel: premium/discount +5,300 CNY/ton, price 177,420 CNY/ton

• Nickel Matte: premium/discount +500 CNY/ton, price 172,620 CNY/ton

The index represents the price index of the day.
Week-on-week compares the average from Monday to the current day with last week’s average.
Month-on-month compares the average from the beginning of the month to the current day with last month’s average.
Year-on-year (monthly) compares the average from the beginning of the month to the current day with the same month last year.
Quarter-on-quarter compares the average from the beginning of the quarter to the current day with last quarter’s average.
Year-on-year (annual) compares the average from the beginning of the year to the current day with the same period last year.

The Steel Price Index is updated at 16:30 on each working day.
The Raw Materials Index (excluding billets) is updated at 16:45,
and the Billet Price Index is updated at 17:15.