China’s titanium sponge exports experienced a significant increase from January to July 2024, with a rise of 6% to 3,052 tons compared to the previous year. This uptick reflects heightened international demand driven by the ongoing Russia-Ukraine conflict, which has disrupted global titanium sponge supply.
Export Trends and Market Impact
During July alone, China exported 626 tons of titanium sponge, a notable 59% increase from the previous year, although slightly lower than June’s figures. Major importers included the US, Japan, and Taiwan, reflecting sustained global interest. Conversely, China's imports of titanium sponge plummeted by 99% to just 0.20 tons due to high international prices and adequate domestic supply. Domestic prices for titanium sponges have remained stable, with minimal fluctuations despite global market volatility.
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