SMM

[SMM Titanium Spot Cargo Update: Prices Consolidate at Low Levels, Titanium Enterprises Adjust to Market Pressures] SMM reported on July 21 that the titanium dioxide market continued to operate at a low level today, with the price range remaining stable. The average market price of rutile titanium dioxide was 13,050 yuan/mt, anatase titanium dioxide was 11,750 yuan/mt, and chloride-process titanium dioxide was 15,900 yuan/mt. The average market price of Grade 0 titanium sponge was 52,500 yuan/mt, showing characteristics of consolidation at a high level. Currently, the titanium dioxide market continues to face pressure, with some enterprises adjusting supply through maintenance or production suspension. Titanium sponge prices have experienced a correction due to downstream titanium material demand. SMM will continue to track changes in market supply and demand as well as price trends, providing timely references for the industry.