[SMM Titanium Express] As of July 1, SMM Grade 0 sponge titanium prices were quoted at RMB 48,000-49,000/ton, down 2% from early June. June sponge titanium production stood at approximately 25,700 tons, up 11.04% year-on-year on a cumulative basis. May exports reached 745 tons, down 7.52% year-on-year cumulatively.

In June, the titanium market remained under pressure. TiO₂ prices diverged as high costs weighed on producers, while sponge titanium prices softened due to weak exports and seasonal demand. A modest recovery is expected in Q3, though the pace will depend on new demand catalysts.

[SMM Titanium Express] Xinjiang Xiangrun New Materials Technology issued a price adjustment notice. Effective April 9, sponge titanium prices will increase by RMB 2,000/ton for domestic market and USD 300/ton for overseas market. All series of titanium plate/sheet and coil products will also increase by RMB 2,000/ton domestically and USD 300/ton internationally.

[SMM Titanium Express] Yunnan National Titanium Metal issued a price adjustment notice. Based on current market conditions, effective April 9, all grades of sponge titanium prices will increase by RMB 2,000/ton for domestic market and USD 300/ton for overseas market.

[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.

[SMM Titanium Express] Yunnan National Titanium Metal issued a price adjustment notice. Based on current market conditions, effective March 10, all grades of sponge titanium prices will increase by RMB 2,000/ton for domestic market and USD 300/ton for overseas market.

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.

[SMM Titanium Weekly Review: Titanium Dioxide Shows Signs of Recovery, Titanium Industry Chain Market Shows Divergence in Strength and Weakness This Week] This week, the operational trends of various segments in the titanium industry chain diverged, presenting an overall pattern of "partial recovery, overall weakness." The titanium concentrate market continued to be weak, with the average prices of mainstream domestic specifications at 1,605 yuan/mt and 1,925 yuan/mt, respectively. Weak demand due to maintenance in downstream titanium dioxide production led to a slight pullback in ore prices in the latter part of the month, while imported ore remained in the doldrums. The titanium dioxide market showed signs of recovery, with average prices for various specifications ranging between 12,300-15,300 yuan/mt. Support came from increased foreign trade orders and rising prices of auxiliary materials, with some enterprises issuing price adjustment letters to pave the way for expectations of a price hike. The titanium slag market exhibited a divergence, with high-titanium slag prices under pressure and acid slag prices stable, supported by raw material costs. Sponge titanium prices remained generally stable, though uncertainties in foreign trade logistics pushed up FOB quotations. Titanium material prices held steady but showed significant structural divergence: orders in the military sector were robust with high production loads, while demand in the civilian sector was weak, leading some enterprises to take early holidays, resulting in a trend of stable prices with reduced volumes.

[ SMM Titanium Weekly Review: Titanium Industry Chain Remained in the Doldrums This Week, Structural Divergence Seen Across Upstream and Downstream ] This week, the titanium industry chain overall presented a pattern of upstream stabilization and midstream-downstream structural divergence. Upstream titanium concentrate prices edged up slightly in major production areas, but weak downstream demand capped the overall increase; the midstream titanium dioxide market fluctuated at highs, supported by eased cost pressure and pre-holiday stockpiling expectations; titanium slag enterprises generally suffered losses, with operating rates low; sponge titanium prices weakened and adjusted downward, with inventory pressure still present; downstream titanium materials market, underpinned by costs, saw firm demand and slight price increases in high-end sectors (e.g., aviation-grade titanium ingots), while weak civilian demand constrained the rise of general materials, maintaining an overall weak supply-demand balance.