Changjiang Securities visits Asian Metal
- On the morning of 24 July, Wang Xiaoxi, a nonferrous metal researcher of Shanghai office of Changjiang Securities Co., Ltd., visited Asian Meta and exchanged opinions with Alan Wang, market analyst of titanium from Asian Metal.
- The two parties reviewed the market situation of titanium sponge and titanium materials in the past two years. Prices for titanium sponge hit the bottom in early 2016 as chemical and metallurgical grade titanium materials saturated the market while aeronautical grade titanium material had yet to be developed. And later prices for titanium sponge increased due to upward prices for raw material. And then in Q1 2017, prices for titanium sponge moved up successively supported by increasing demand for titanium materials besides pushes of raw material prices. The two parities also had discussion on the market outlook of titanium sponge and titanium materials. Prices for titanium sponge decrease as the titanium materials market enters the slack season, while civilian grade titanium material market does not show any new growth point at present, so the development of aeronautical and military grade titanium materials will have great impact on Chinese titanium materials market in H2 2017.
