[SMM Titanium Spot Market Update: Sponge Titanium Quotations Rise Amid Strong Downstream Wait-and-See Sentiment, Overall Market Remains Sluggish]
On November 10, sponge titanium market prices remained generally stable, with mainstream quotations for Grade 0 at 46,000-48,000 yuan/mt. Downstream purchasing enthusiasm was generally weak. Yunnan Guoti announced a domestic selling price increase of 2,000 yuan/mt and an export quotation increase of $300/mt, making it one of the rare price hike moves in the market. However, downstream acceptance is currently limited, and other mainstream producers have not yet followed suit with price adjustments. Overall market transactions are sluggish, and sentiment remains cautious. In the short term, the sponge titanium market is expected to remain in the doldrums.
SMM November 10, sponge titanium prices consolidated, with offers for grade 0 at 46,000-48,000 yuan/mt, grade 1 at 45,000-47,000 yuan/mt, and grade 2 at 44,000-46,000 yuan/mt, while downstream purchasing enthusiasm remained generally weak.
Yunnan Guoti announced a price adjustment today, increasing its domestic sales price by 2,000 yuan/mt and its international sales price by $300/mt. However, the downstream market showed no significant response so far, and other major producers have yet to follow suit. Overall, the sponge titanium market remained in the doldrums.
