Weak Supply and Demand, Titanium Concentrate Ore Prices Decline Today [SMM Titanium Spot Cargo Flash Report]

SMM reported on May 19 that the current market quotation for 46% titanium ore is 1,700-1,750 yuan/mt, a decrease of 50 yuan/mt from yesterday.

According to feedback from miners, the market prices in the Panxi region are currently showing a weak and stable trend. End-use demand remains sluggish, and downstream enterprises are generally facing pressure from shrinking orders. Some enterprises have had to implement production cuts to cope with the difficulties. Market participants are generally cautious and adopting a wait-and-see attitude, lacking clear expectations for the subsequent market trend. The trading enthusiasm of both buyers and sellers has been suppressed, and market activity has significantly declined.

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