SMM News on May 15: The titanium sponge market is showing new dynamics, with individual quotes rising by another 2,000 yuan/mt. Currently, the quotes for Grade 1 titanium sponge are in the range of 50,000-51,000 yuan/mt. As the current price of titanium sponge is at a relatively high level, downstream buyers are generally cautious about purchasing high-priced goods. However, supported by the tight supply of spot cargo in the market, market quotes continue to maintain a firm trend, with relatively limited downward pressure on prices.
The current titanium sponge market is characterized by structural differentiation. The demand for high-end orders remains stable, and the inventory levels of some producers are relatively tight. Companies are systematically advancing the delivery of orders on hand, and some companies, based on the current supply-demand pattern in the market, have temporarily adopted a strategy of not quoting prices. Overall, under the dual influence of robust high-end demand and tight spot cargo resources, the titanium sponge market is showing a trend of firm quotes but a more rational purchasing mindset among downstream buyers. Market participants continue to closely monitor the dynamic evolution of the subsequent supply-demand relationship.
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