Titanium price weakness surprises market

Oct 10, 2013 | 04:48 PM | Frank Haflich

Tags  Airbus, Boeing, titanium, titanium prices, Michael L. Warner, Oliver Dreier, Japan Airlines, International Titanium Association ITA

LAS VEGAS — Titanium spot prices continue to weaken despite growing commercial airliner build rates and bullish forecasts for the coming decades.

While commercial aircraft builders such as Chicago-based Boeing Co. and Toulouse, France-based Airbus SAS are enjoying record production and backlogs, market participants at the International Titanium Association (ITA) annual conference in Las Vegas said they expect prices to soften in the fourth quarter despite what many of them say is steady or increasing demand.

"We’re really cranking up (production) on all of our models," Boeing Commercial Airplanes director of market analysis Michael L. Warner said.

But there’s little evidence in the titanium market that day-to-day prices reflect ramped-up build rates.....

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