What are the reasons for the increase in ferrotitanium prices?
1. Increased demand: With the development of the global economy and the adjustment of industrial structure, the demand for ferrotitanium continues to increase, especially in the fields of aerospace, automobile manufacturing, and chemical industry.
2. Rising production costs: Factors including rising raw material prices, increased labor costs, and strengthened environmental protection policies will increase the production cost of ferrotitanium.
3. Demand-supply contradiction: The production cycle of ferrotitanium is long and the investment scale is large, resulting in a more prominent contradiction between supply and demand and a relatively tight market supply.
4. Geopolitical factors: Geopolitical instability in some regions may affect the supply of ferrotitanium, thereby driving up prices.
5. Trade friction: Trade frictions and tariff policy adjustments between some countries may also lead to an increase in ferrotitanium prices.