China's Ferro-Titanium Exports and Imports Surge in 2024

China's ferro-titanium exports doubled in 2024, driven by higher international prices, while imports surged due to Russian supply.
China's Ferro-Titanium

Strong Export Growth Amid Higher International Prices

China's ferro-titanium exports more than doubled in 2024 as domestic suppliers targeted overseas markets for higher profits. According to customs data, exports reached 2,453 tonnes, up from 1,089 tonnes in 2023. December shipments alone hit 268 tonnes, marking a tenfold increase from a year earlier. South Korea, the UAE, and India emerged as the top destinations, importing 190 tonnes, 30 tonnes, and 25 tonnes, respectively.

Higher international ferro-titanium prices, averaging $6.65/kg in Europe compared to China's $5.94/kg, drove increased exports. Market participants noted that foreign buyers stocked up on the alloy due to concerns over further price hikes in China.

Rising Domestic Prices and Import Boom

Domestic ferro-titanium prices climbed in late December, reaching 27,000-29,000 yuan per tonne ex-works, up from 26,500-27,500 yuan a week earlier. The increase stemmed from rising off-grade sponge feedstock costs and renewed demand from domestic steel mills ahead of January production.

China’s ferro-titanium imports also soared in 2024, surging 61-fold to 985 tonnes from just 16 tonnes in 2023. In December alone, imports reached 140 tonnes, a sharp rise from 1 tonne a year earlier. Russia supplied 99% of China's total imports, benefiting from increased exports to non-EU states following EU sanctions on Russian ferro-alloys.












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