Europe Ti scrap prices resume rally, market eyes Q2 demand - sources

The European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.

Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.
Fastmarkets’ titanium scrap turnings, unprocessed type 90/6/4, 0.5% Sn max, cif Europe price assessment moved up 6% to $1.70-1.85 per lb on Wednesday from $1.60-1.75 per lb. The market is at its highest since September 2014 when the price range was $1.75-1.85 per lb.
Fastmarkets’ assessed the price for titanium scrap turnings, unprocessed type 90/6/4, 0.5-2% Sn max, cif Europe up almost 7% at $1.50-1.60 per lb from $1.40-1.50 per lb. The market is at its highest since October 2014 when the price was at $1.45-1.60 per lb.
The acute shortage of titanium scrap turnings and solids has been a result of the slump in commercial aircraft production, which is a major source of the material.

Published

Declan Conway

February 04, 2021

13:30 GMT

Galway