Japanese sponge prices may hit wall after rise

Mar 15, 2013 | 04:08 PM | Frank Haflich

Tags  titanium, titanium sponge, imports, USGS, rutile, feedstock, Frank Haflich

LOS ANGELES — The value of benchmark Japanese titanium sponge shipped to the United States rose in the fourth quarter compared with the same period a year earlier, but the market pressures contributing to the increase might now be in reverse.

The value of Japanese sponge arriving during the final three months of 2012 averaged $14.846 per kilogram ($6.73 per pound), up 14.6 percent from $12.959 per kg ($5.88 per pound) a year earlier, according to U.S. Commerce Department data compiled by the U.S. Geological Survey (USGS). ....

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