[SMM Titanium Spot Flash: Titanium Concentrates Oversupply Pattern Unchanged, Weak Market Continues] SMM August 4: The mainstream 46% titanium concentrate was quoted at 1,250 yuan/mt today. Low-priced imported ore continued to impact, Panxi associated supply passively increased, while real estate chain demand remained sluggish, and downstream buyers were on the sidelines, delaying purchases. Short-term prices continued to be under pressure.

In July 2026, TiO₂ prices fell by RMB 1,900/mt from early-month levels, with inventories rising 23.26% MoM despite a slight output drop. Sponge titanium prices declined by RMB 3,000/mt, as output grew 5.45% MoM and demand remained weak. Export momentum softened amid summer lulls and stricter controls. Both markets are expected to stay under pressure in the near term, with a bearish near-term outlook.

Backed by rigid cost-side support, the industry's low supply pattern, and coupled with the significant boost to industry chain sentiment from the sharp hike in August hydrofluoric acid long-term contract prices, the aluminum fluoride market price is expected to hold up well overall in August.

[SMM Titanium Flash] SMM, July 31 — In July 2026, China's titanium dioxide production was 338,700 mt, down 1.59% MoM but up 1.50% YoY, with cumulative production down 5.74% YoY, and July production edged down. On the inventory side, producer inventories reached 306,800 mt in July, up 23.26% MoM but down 22.01% YoY. Sluggish demand from downstream coatings, plastics and other industries led to high inventories at enterprises. To ease inventory pressure, small and medium-sized producers took the lead in cutting prices to sell. Falling prices combined with cost pressure deepened enterprises' losses, eventually leading to production cuts and shutdowns at some enterprises, with the industry operating rate edging down slightly.

China sulphuric acid market continues weak, regional declines widen, index falls [SMM Sulphuric Acid Weekly Review]

[SMM Titanium Flash] SMM, July 31: Recently, titanium concentrate prices have continued to weaken, with titanium concentrate (TiO2≥46%) prices down to 1,280-1,330 yuan/mt and titanium concentrate (TiO2≥47%) down to 1,550-1,650 yuan/mt. In H1 2026, China's cumulative imports of titanium concentrates reached 2.9288 million mt, up 13.56% YoY, marking significant import growth. Meanwhile, domestic ore capacity in regions such as Xinjiang and Chengde was also being released with incremental growth, further exacerbating the market oversupply. On the demand side, the titanium dioxide industry is in the off-season, coupled with persistently falling TiO2 prices. Some enterprises have suspended or cut production and are pushing for lower raw material prices, weighing on market sentiment for upstream titanium concentrates. Overall, the strong supply and weak demand pattern is unlikely to change in the short term, and imported titanium concentrate prices are expected to remain under pressure.

[SMM Titanium Spot Flash Report: Leading Producer's Price Adjustment Impacts Market, Downward Trend May Accelerate] SMM, July 29: The titanium dioxide market showed a downward trend today. The leading producer's price adjustment affected market sentiment. The supply-demand pattern remained difficult to change for the time being, and it may continue to remain under pressure.

[SMM Titanium Spot Express: Titanium Dioxide Market in the Doldrums, Cost Support and Weak Demand in Tug-of-War] SMM, July 27: The titanium dioxide market remained in the doldrums today, with mainstream prices stable WoW. A few transactions at lower prices did not affect mainstream quotations. Firm sulphuric acid prices limited the downside room for prices. Demand remained weak, with only small volumes of just-in-time procurement and a strong wait-and-see sentiment.

China's sulphuric acid market continues to weaken, index declines [SMM Sulphuric Acid Weekly Review]

[SMM Titanium Dioxide Spot Brief: Titanium Dioxide Market Weak but Stable, Awaiting Order Release Signals] SMM July 22 – The titanium dioxide market remained weak but stable today. On the supply side, divergence emerged: some enterprises cut production and conducted maintenance, while mainstream large producers maintained stable output. Demand was sluggish, with downstream mainly digesting inventories. The market held expectations of recovery, but in the short term it remained wait-and-see, awaiting order release.