TITANIUM SNAPSHOT: Ferro-titanium rally persists on flurry of short covering activity

Key data from the Wednesday March 13 pricing session in Europe.

Key drivers  The recent rally in the European ferro-titanium price shows no sign of ending, with buying inquiries reported from within Europe and beyond, such as the United States. Renewed consumer demand for second-quarter delivery settlements has combined with short covering for both prompt and longer term demand amid a potential loss of 350 tonnes per month to the spot market from one major supplier.  World production capacity of 70%-grade ferro-titanium is estimated to be about 65,000-70,000 tonnes per year, although not all of...

Published

Declan Conway

March 13, 2019

16:55 GMT

Galway