[SMM Titanium Spot Cargo Update: Titanium Material Market Remains Weak, High Prices of Sponge Titanium May Be Difficult to Maintain] SMM reported on July 15 that the titanium material market continued to be sluggish, with quotes for titanium pipes (TA2/25*2mm) and pure titanium rods (TA1/20-40mm) both falling by 5 yuan/kg. Demand remained weak due to the drag from the chemical industry, while the price of sponge titanium remained high, with the average price of Grade 0 sponge titanium at 53,500 yuan/mt. Market analysis suggests that the current price of sponge titanium is inflated, and with the impact of downstream demand weakening, the market may face downward pressure in the future.