Price Snapshot - Titanium, Week Of November 2, 2026
| Indicator | Reading | Unit | vs. October 26 | Direction |
|---|---|---|---|---|
| Titanium sponge (≥99.6%, ex-works) | 7,516 | USD / tonne | +225 / +3.09% | Second consecutive gain |
| Titanium sponge (≥99.7%, ex-works) | 7,806 | USD / tonne | +275 / +3.65% | Higher-purity line leads |
| Magnesium ingot (99.9%) | 3,092 | USD / tonne | +233 / +8.15% | Second shock; Kroll reductant |
| Vanadium pentoxide (V2O5 98%) | 11,412 | USD / tonne | +364 / +3.29% | Second weekly gain; flows into Gr5 |
| Ferro-titanium (FeTi 30, foundry grade) | 1,742 | USD / tonne | +43 / +2.53% | Follows the complex higher |
| Ti-6Al-4V billet (ASTM B348) | 45.94 | USD / kg | +2.08 / +4.74% | Largest single line in the complex |
| CP-Ti Gr2 plate (ASTM B265, 3–50 mm) | 22.83 | USD / kg | +0.67 / +3.02% | Second round landing |
| CP-Ti Gr2 bar (ASTM B348, round) | 22.02 | USD / kg | +0.61 / +2.85% | Bar follows plate |
| CP-Ti Gr2 tube (ASTM B338, seamless) | 25.78 | USD / kg | +0.63 / +2.51% | Lightest move in the CP-Ti line |
| CP-Ti Gr2 wire (ASTM B863, Ø 0.5–6 mm) | 27.55 | USD / kg | +0.75 / +2.80% | Capacity-led, not metal-led |
| CP-Ti Gr2 strip / coil (ASTM B265, 0.1–3 mm) | 24.78 | USD / kg | +0.68 / +2.82% | Cold-roll book full |
| Gr5 / Ti-6Al-4V plate (ASTM B265) | 39.24 | USD / kg | +1.52 / +4.03% | Largest single product move |
| Gr5 / Ti-6Al-4V bar (ASTM B348) | 35.10 | USD / kg | +1.27 / +3.75% | Billet-driven |
| Gr5 / Ti-6Al-4V tube (ASTM B338) | 40.22 | USD / kg | +1.45 / +3.74% | Aerospace pulled |
| Mill quote validity window | 5 | days | from 7 days | Down from 14 days six weeks ago |
| Discretionary mill discount | 0 | % off list | unchanged | Still withdrawn; surcharge risk now |
| Price basis on orders > 8 weeks | price at shipment | - | from fixed price | Metal risk transferred to the buyer |
That chart is the argument in one picture. Magnesium is up 17.4% since late September while sponge is still 3.3% below where it started.
Titanium Cost Benchmarks - By Product, Grade And Standard
Cost lines as a titanium mill or converting house actually bills them, expressed as USD per kilogram of finished product. These are net numbers for the week of November 2, 2026 - the discretionary discount remains withdrawn at zero.
| Product form | Grade | ASTM standard | Condition | USD / kg | Change on week |
|---|---|---|---|---|---|
| Plate (3–50 mm) | Gr1 | ASTM B265 / ASME SB-265 | Hot-rolled, annealed | 22.24–27.04 | +0.64 |
| Plate (3–50 mm) | Gr2 | ASTM B265 / ASME SB-265 | Hot-rolled, annealed | 21.57–26.07 | +0.67 |
| Plate (3–50 mm) | Gr3 | ASTM B265 | Hot-rolled, annealed | 23.10–27.70 | +0.70 |
| Plate (3–50 mm) | Gr4 | ASTM B265 | Hot-rolled, annealed | 24.53–29.33 | +0.73 |
| Plate (3–50 mm) | Gr5 / Ti-6Al-4V | ASTM B265 / AMS 4911 | Hot-rolled, annealed | 37.72–44.92 | +1.52 (largest single line) |
| Plate (3–50 mm) | Gr7 | ASTM B265 | Hot-rolled, annealed | 43.18–50.78 | +1.58 |
| Plate (3–50 mm) | Gr9 / Ti-3Al-2.5V | ASTM B265 | Hot-rolled, annealed | 39.85–47.05 | +1.45 |
| Plate (3–50 mm) | Gr12 | ASTM B265 | Hot-rolled, annealed | 31.30–37.50 | +1.10 |
| Plate (3–50 mm) | Gr23 / Ti-6Al-4V ELI | ASTM B265 / F136 | Hot-rolled, annealed | 50.05–59.25 | +1.85 |
| Sheet (0.5–3 mm) | Gr2 | ASTM B265 | Cold-rolled, annealed | 23.30–27.90 | +0.70 |
| Sheet (0.5–3 mm) | Gr5 | ASTM B265 | Cold-rolled, annealed | 39.98–47.38 | +1.58 |
| Strip / coil (0.1–3 mm) | Gr1 | ASTM B265 | Cold-rolled, annealed | 24.26–29.06 | +0.66 |
| Strip / coil (0.1–3 mm) | Gr2 | ASTM B265 | Cold-rolled, annealed | 23.78–28.68 | +0.68 |
| Strip / foil (0.05–0.3 mm) | Gr1 / Gr2 | ASTM B265 | Cold-rolled, bright annealed | 29.20–35.40 | +0.80 |
| Bar, round (Ø 6–200 mm) | Gr2 | ASTM B348 / ASME SB-348 | Hot-rolled or turned, annealed | 20.81–25.21 | +0.61 |
| Bar, round (Ø 6–200 mm) | Gr5 | ASTM B348 / AMS 4928 | Hot-rolled or turned, annealed | 33.87–40.67 | +1.27 |
| Bar, round (Ø 6–120 mm) | Gr23 | ASTM B348 / F136 | Turned, annealed | 47.40–56.00 | +1.80 |
| Billet for forging | Gr5 | ASTM B348 | Forged, annealed | 44.68–49.28 | +2.08 (largest in complex) |
| Tube, seamless (OD 6–114 mm) | Gr2 | ASTM B338 / ASME SB-338 | Cold-drawn, annealed | 24.83–30.23 | +0.63 |
| Tube, welded (OD 6–114 mm) | Gr2 | ASTM B338 / B862 | Welded, annealed | 21.95–26.65 | +0.52 |
| Tube, seamless (OD 6–114 mm) | Gr9 | ASTM B338 | Cold-drawn, annealed | 41.62–49.42 | +1.42 |
| Tube, seamless (OD 6–114 mm) | Gr5 | ASTM B338 | Cold-drawn, annealed | 38.65–46.55 | +1.45 |
| Heat-exchanger tube | Gr2 | ASTM B338 | Cold-drawn, bright annealed | 26.48–31.88 | +0.68 |
| Wire (Ø 0.5–6 mm) | Gr2 | ASTM B863 | Drawn, annealed or hard | 26.35–32.15 | +0.75 |
| Wire, fine (Ø 0.1–1 mm) | Gr1 / Gr2 | ASTM B863 / AMS 4951 | Drawn, bright annealed | 30.68–37.08 | +0.88 (largest % move) |
| Wire for fasteners | Gr5 | ASTM B863 / AMS 4954 | Drawn, annealed | 46.10–54.50 | +1.90 |
| Welding wire, coil / spool | Gr2 / Gr5 | ASTM B863 / AWS A5.16 | Drawn, cleaned, spooled | 32.50–43.90 | +1.10 |
Metal Share Versus Conversion: Which Forms You Can Still Negotiate
This is the section worth acting on. Sponge rose 3.09% this week. If your product were priced off metal alone, every form would move by roughly 3.09% of its metal leg. Here is what actually happened.
| Product form | Quote USD/kg | Metal leg | Conversion leg | Metal share | Metal-explainable move | Actual move | Driven by |
|---|---|---|---|---|---|---|---|
| Billet / forging stock (Gr5) | 45.94 | 31.24 | 14.70 | 68% | +0.97 | +2.08 | Mixed - metal plus melting queue |
| Plate (B265) | 22.83 | 12.56 | 10.27 | 55% | +0.39 | +0.67 | Metal-led - negotiation works |
| Bar (B348) | 22.02 | 11.45 | 10.57 | 52% | +0.35 | +0.61 | Metal-led - negotiation works |
| Tube, seamless (B338) | 25.78 | 11.34 | 14.44 | 44% | +0.35 | +0.63 | Mixed |
| Strip / coil (B265) | 24.78 | 9.91 | 14.87 | 40% | +0.31 | +0.68 | Capacity-led |
| Wire (B863) | 27.55 | 9.92 | 17.63 | 36% | +0.31 | +0.75 | Capacity-led - book the drawing line |
| Fine wire / foil | 32.50 | 9.10 | 23.40 | 28% | +0.28 | +0.88 | Capacity-led - price talk is wasted |
Only 42% of this week's plate increase is metal. On fine wire it is 32%. The gradient is clean: the thinner and more heavily processed the form, the more of the increase is mill capacity and margin rather than raw material. The procurement consequence is direct - on plate, bar and billet, a metal-linked contract with a cap genuinely protects you. On wire, foil and thin strip it does not, because you are not buying metal, you are buying a place in a drawing or rolling queue. For those forms the only lever is commitment: earlier and firmer orders get scheduled, and everything else waits.
Titanium Grade Equivalents
Titanium is standardised under four parallel systems and the mapping is mostly one-to-one - which is exactly what makes it dangerous. GB TA2 is close to ASTM Gr2 but not identical, and the difference sits in the oxygen and iron windows that you will not see unless the certificate reports actuals.
| ASTM / ASME | UNS | Common name | EN / DIN (material no.) | GB | JIS | Watch for |
|---|---|---|---|---|---|---|
| Gr1 | R50250 | CP titanium grade 1 | 3.7025 | TA1 | Class 1 | Softest, best formability - deep drawing and plate heat exchangers only |
| Gr2 | R50400 | CP titanium grade 2 | 3.7035 | TA2 | Class 2 | The workhorse, roughly 70% of all CP titanium. Confirm actual O and Fe - the O band runs 0.13% to 0.25% and changes formability |
| Gr3 | R50550 | CP titanium grade 3 | 3.7055 | TA3 | Class 3 | Higher-strength CP for pressure boundary work |
| Gr4 | R50700 | CP titanium grade 4 | 3.7065 | TA4 | Class 4 | Strongest CP grade; instruments and fasteners |
| Gr5 | R56400 | Ti-6Al-4V | 3.7165 | TC4 | Class 60 | Roughly half of all titanium sold. GB TC4 has a wider aluminium window than ASTM Gr5 - check the certificate if the part is fatigue-critical |
| Gr7 | R52400 | Ti-0.15Pd | 3.7235 | TA9 | Class 12 | Palladium-bearing. Verify Pd content is reported - it is the entire reason the grade exists and it is expensive |
| Gr9 | R56320 | Ti-3Al-2.5V | 3.7195 | TA18 | Class 61 | Cold-formable tube grade - aerospace hydraulics, bicycle frames |
| Gr11 | R52250 | Ti-0.15Pd, low O | - | TA9-1 | Class 11 | Gr7 chemistry at Gr1 strength |
| Gr12 | R53400 | Ti-0.3Mo-0.8Ni | 3.7105 | TA10 | Class 13 | Hot brine and crevice service - the cheap alternative to Gr7 |
| Gr23 | R56407 | Ti-6Al-4V ELI | 3.7165 ELI | TC4 ELI | Class 60 ELI | Implant and cryogenic grade. Governed by ASTM F136, not just B265 - an F136 order needs the full implant documentation set |
Three Cross-Reference Traps
ASTM versus AMS is not a paperwork difference. AMS 4911 (Gr5 plate and sheet) and AMS 4928 (Gr5 bar) add microstructure, surface-contamination and ultrasonic inspection requirements on top of ASTM B265 and B348. A B265 lot will not clear an AMS 4911 line item, and the price difference is real.
EN 10204 3.2 is not satisfied by a 3.1 certificate. European pressure-equipment orders routinely call for 3.2 with third-party witness. If your drawing is EN-based, say so at RFQ stage - third-party witness adds 2–3 weeks to lead time and has to be booked when the order is placed.
GB TA-series grades are close equivalents, not exact ones. TA2 and Gr2 share nominal chemistry but differ in the interstitial windows and in thickness tolerance. If the part is pressure boundary, fatigue-loaded or implant-related, specify the ASTM or AMS grade and require actual chemistry and mechanicals on the certificate rather than accepting the GB equivalent.
Grade Selection Reference - Which Titanium Grade For Which Service
| Grade | Plate mid USD/kg | vs Gr2 | Choose it when | Avoid it when |
|---|---|---|---|---|
| Gr1 | 24.64 | +0.82 | Deep drawing, explosive forming, plate heat exchangers - maximum formability | Any load-bearing or pressure service |
| Gr2 | 23.82 | baseline | Default: chemical process, marine, heat exchangers, architecture | Above 300 °C; reducing acids; hot brine crevice |
| Gr3 | 25.40 | +1.58 | Pressure vessels, shells - higher-strength CP | Where weld ductility dominates |
| Gr4 | 26.93 | +3.11 | Strongest CP grade: instruments, fasteners, airframe fittings | Severe forming - elongation minimum is only 15% |
| Gr5 | 41.32 | +17.50 | Aerospace, motorsport, high strength-to-weight, service to 350 °C | Cost-sensitive work where CP strength is adequate |
| Gr7 | 46.98 | +23.16 | Reducing acids and hot chloride crevice - the Pd does the work | Anything else. Pd is expensive and unnecessary outside reducing service |
| Gr9 | 43.45 | +19.63 | Cold-formable tube: aerospace hydraulics, bicycle and motorsport frames | Flat products - Gr5 is usually better value |
| Gr12 | 34.40 | +10.58 | Hot brine, crevice corrosion, elevated-temperature chemical service - the cheap alternative to Gr7 | Where Gr2 already passes - it is $10.58/kg more |
| Gr23 | 54.65 | +30.83 | Implants (ASTM F136), cryogenic, fracture-critical | Non-medical work - use Gr5 and save $13.33/kg |
One substitution that pays for itself repeatedly: Gr12 at +$10.58/kg over Gr2 is the standard answer for hot brine and crevice corrosion, and it is $12.58/kg cheaper than Gr7. If your service is hot chloride rather than a reducing acid, Gr12 is usually the right call and Gr7 is usually over-specified.
What To Do This Week, By Titanium Product
| Product | Metal share | Change | Lead time | Action this week |
|---|---|---|---|---|
| Plate (B265) | 55% | +0.67 | 5–8 weeks | Metal-linked contract with a cap works here. Cover Q4 now; put Q1 on index. Titanium plate |
| Bar (B348) | 52% | +0.61 | 4–7 weeks | Same as plate. Book Gr5 billet earliest - it moved $2.08/kg, the largest line in the complex. Titanium bar |
| Tube, seamless (B338) | 44% | +0.63 | 8–14 weeks | Lead time is the binding constraint, not price. Order to schedule; consider welded B862 where the code permits - it is $2.88–3.58/kg cheaper and 3–4 weeks faster. Titanium tube |
| Strip / coil (B265) | 40% | +0.68 | 6–10 weeks | Capacity-led. Commit early rather than negotiating metal. Titanium strip and coil |
| Wire (B863) | 36% | +0.75 | 6–10 weeks | Book the drawing line. Only 41% of the increase is metal, so price argument has almost no leverage. Titanium wire |
| Fine wire / foil | 28% | +0.88 | 10–16 weeks | Earliest possible commitment of all five product lines. Longest queue, lowest metal exposure, highest capacity sensitivity |
Titanium Product Range And Specifications
Our titanium supply covers the full range of mill forms and the processing, testing and documentation that go with them. All pricing in USD.
| Category | Capability |
|---|---|
| Plate | ASTM B265 / ASME SB-265 / AMS 4911 · thickness 3–50 mm · width to 2,000 mm · grades Gr1, Gr2, Gr3, Gr4, Gr5, Gr7, Gr9, Gr12, Gr23 · hot-rolled, annealed, pickled or ground · Titanium plate |
| Sheet | ASTM B265 · 0.5–3 mm · cold-rolled, annealed, bright finish · grades Gr2, Gr5 |
| Strip / coil | ASTM B265 · 0.1–3 mm strip and coil, 0.05–0.3 mm foil · cold-rolled, bright annealed · slit edge · grades Gr1, Gr2 · Titanium strip and coil |
| Bar | ASTM B348 / ASME SB-348 / AMS 4928 · round Ø 6–200 mm, square, hex, flat · hot-rolled, forged, turned, centreless ground · grades Gr2, Gr5, Gr23 · Titanium bar |
| Billet for forging | ASTM B348 · forged and annealed · grades Gr5, Gr23 · ultrasonic tested per AMS 2631 |
| Tube | ASTM B338 / ASME SB-338 seamless · ASTM B862 welded · OD 6–114 mm · heat-exchanger and condenser tube, bright annealed · grades Gr2, Gr5, Gr9 · Titanium tube |
| Wire | ASTM B863 / AMS 4951 / AMS 4954 · Ø 0.1–6 mm · fine wire, fastener wire, welding wire coil and spool per AWS A5.16 · drawn, bright annealed, cleaned and spooled · Titanium wire |
| Processing | VAR and EB melting, forging, hot and cold rolling, extrusion, drawing, vacuum annealing, pickling, grinding and polishing, waterjet and plasma cutting |
| Surface | Mill finish, pickled, bright annealed, ground, polished, alpha-case removed and verified, protective-coated for hot working |
| Testing | Tensile, yield and elongation · hardness · full chemical analysis with actual O, N, H, Fe and Pd reported · ultrasonic per ASTM B594 / AMS 2631 · eddy current and hydrostatic on tube · bend and flattening · grain size and microstructure on AMS grades |
| Certification | EN 10204 3.1 as standard · EN 10204 3.2 with third-party witness available - book at order entry, adds 2–3 weeks · ASTM, ASME SB-, AMS and ASTM F136 implant documentation sets · RoHS and REACH statements |
| Lead time | Plate 5–8 weeks · bar 4–7 weeks · strip and coil 6–10 weeks · wire 6–10 weeks · fine wire and foil 10–16 weeks · seamless tube 8–14 weeks · Gr5 billet 10–16 weeks · non-stock sizes +4–6 weeks; third-party witness +2–3 weeks |
| Trade terms | EXW, FOB, CFR, CIF, DAP · USD settlement · fixed price or capped price-at-shipment · metal index escalation clause available · segregated swarf credit applied to piece price on request |
