[SMM Titanium Spot Flash: Titanium Dioxide Prices Surged Strongly, Titanium Concentrate Came Under Pressure and Pulled Back, with Cost Support and Inventory Dynamics Dominating the Market] This week, prices in China’s titanium dioxide market continued to rise, with anatase and rutile grades raised by 400 yuan/mt and 150 yuan/mt, respectively. Multiple enterprises withheld sales after closing orders, and bullish sentiment remained strong in the market. Sulphuric acid prices continued to climb, with the SMM smelting acid index reaching 1,235.5 yuan/mt, providing strong cost support. Meanwhile, titanium concentrate prices dropped back slightly, as elevated inventory in the Panxi region, combined with titanium dioxide enterprises pushing for lower prices, led ore prices for 46% and 47% grades to be cut by 50 yuan/mt, respectively. Overall, titanium dioxide remained firm on cost support, while titanium concentrate was constrained by inventory and price-cut pressure, leaving the market in a diverging trend.

[SMM Titanium Weekly Review: Cost-Driven Titanium Dioxide Price Hikes Took Effect, Market Adjustments Released Upward Signals] This week, the titanium industry chain showed a divergent trend. The titanium concentrate market remained in the doldrums, with imported ore prices falling लगातार under pressure from downstream efforts to push for lower prices and accumulating port inventory. Titanium dioxide, meanwhile, saw the second round of collective price adjustments in mid-month under persistently high sulphuric acid costs. Mainstream enterprises in China raised domestic prices by 500 yuan/mt and export prices by $100/mt, pushing the quoted center up to 14,000-14,500 yuan/mt, though follow-up from domestic demand remained mediocre and foreign trade orders showed clear divergence. The titanium slag market stayed in the doldrums, with prices under pressure amid weak costs and demand. In the titanium sponge market, leading enterprises took the lead in raising prices, with domestic prices up 2,000 yuan/mt and international prices up $300/mt. Supported by restocking demand for titanium materials and low inventory, the market showed a strong willingness to hold prices firm, but downstream processing segments still maintained a wait-and-see stance, and titanium ingot and titanium plate/strip prices only edged up slightly. Overall, cost support and structural demand divergence coexisted, and future price trends still depended on substantive improvement on the supply and demand side.

[SMM Titanium Spot Flash: Imported Titanium Ore Market Remained Under Pressure, Sluggish Port Sales Forced Traders to Cut Prices for Shipments] SMM News, March 19: Imported titanium ore prices remained under pressure today. Quotations for Mozambique-origin titanium concentrate with TiO₂≥46% were 1,670-1,730 yuan/mt, down 30 yuan from yesterday; quotations for Nigeria-origin titanium concentrate with TiO₂≥50% were 1,780-1,830 yuan/mt, down 25 yuan from yesterday; quotations for Australia-origin titanium concentrate with TiO₂≥50% were 1,830-1,880 yuan/mt, down 25 yuan from yesterday.

[SMM Titanium Weekly Review: Titanium Dioxide Showed Signs of Recovery; Diverging Strength Across the Titanium Industry Chain Market This Week] This week, the titanium industry chain in China showed pronounced structural divergence, with the tug-of-war between sellers and buyers across upstream and downstream segments intensifying and cost pass-through facing obstacles. Overall, the sector was characterized by a combination of weak recovery and localized strong support. Trading in upstream titanium ore and titanium slag was sluggish. Downstream processing enterprises tightly controlled costs, with procurement consistently maintained at a pace driven by rigid demand. Coupled with inventory at high levels across the industry, the raw material end remained under pressure, enterprises’ willingness to operate stayed weak, capacity release was constrained, and the supply-demand imbalance continued to stand out. In the midstream titanium dioxide segment, pressure from elevated costs of raw materials and energy sharply increased production-side strain. Enterprises held prices firm and showed a strong willingness to sell, and while domestic trade demand did not see a noticeable increase in volume—relying only on rigid-demand support—overseas markets still demonstrated a certain degree of resilience, leaving the overall market running relatively strong. The downstream sponge titanium and titanium products segments performed impressively: sponge titanium inventories remained low, and, together with robust downstream restocking demand, top-tier enterprises proactively adjusted prices, with enterprises showing strong confidence in holding prices firm. The titanium products market saw stable supply and demand: the supply-side operating rate was steady, while demand-side differentiation was evident. Civilian applications were mainly driven by rigid-demand restocking, while orders in high-end fields such as aerospace and military industries were steady. The market recovered steadily, and differences in the pace across segments of the industry chain also set the tone for subsequent market dynamics.

[SMM Titanium Spot Flash Report: Titanium Ore Prices Fell Under Pressure From High Inventory, While Sponge Titanium Saw a Strong Increase Supported by Supply and Demand] On March 11, SMM reported that titanium ore prices weakened slightly, with relatively high inventory weighing on the market; supported by restocking demand, enterprises raised sponge titanium quotes and showed a strong willingness to hold prices firm.

Pre-holiday, titanium concentrate prices softened amid weak downstream demand, while titanium dioxide saw inventory draws and price support from exports and pre-holiday restocking. Sponge titanium stabilized with export-led growth. Post-holiday demand will guide price trends across the chain.