Fastmarkets’ ferro-titanium 70% Ti, max 4.5% Al, ddp Europe price
jumped by more than 10% week on week on Wednesday April 1 to $4.50-5.00 per kg from $4.10-4.50 per kg.
The top end of the range had stood at $4.50 per kg since the start of November 2019, with only the bottom end moving 10-20 cents per kg in that time. The price has now recovered to a level last seen on September 18, 2019, when the price range was $4.60-5.00 per kg.
The ferro-titanium industry relies much on imports from Russia, which exports around 1,500-2,000 tonnes per year of the alloy to Europe, which amounts to about 40% of European demand, according to industry sources.
Now a lockdown being rolled out across Russia in response to the Covid-19 virus pandemic is casting doubts about near-term supplies from the...