October 23 SMM rare earth spot price: multi-item further decline gadolinium oxide down 5000 yuan / ton

[Rising magnesium ingot production costs push up prices, sluggish demand constrains rebound] Fugu magnesium ingot offers in both domestic and overseas markets rose along with higher costs, but end-use demand in China and outside China failed to follow through, limiting upward momentum. In the short term, magnesium ingot prices are expected to continue moving sideways within a range, with attention on downstream restocking and production cuts by producers.

[SMM Titanium Spot Express: High Inventory and Low Demand Weigh on Market, Titanium Dioxide Prices Remain Weak in Stalemate] On September 1, the SMM titanium dioxide index stood at 14,080 yuan/mt, with quotations for all titanium dioxide grades unchanged. Industry operating rates remained stable, but inventory divergence was evident. Downstream procurement was weak, while costs provided bottom support. In the short term, the market is expected to continue its weak, stagnant pattern.

SMM의 평가에 따르면 2026년 8월 중국의 1급 안티몬산나트륨 생산량은 전월 대비 약 58%의 큰 폭 증가를 기록할 전망이다. 8월 생산량의 뚜렷한 증가로 인해 많은 시장 참여자들은 시장이 전통적인 성수기인 ‘금구은십(9월은 황금, 10월은 은)’에 진입했는지 여부와, 태양광 유리 부문에서의 안티몬산나트륨 재고 비축 수요가 점진적으로 확대될 가능성에 주목하고 있다