SMM reported on May 26 that the market price of 46% titanium ore today was 1,700-1,750 yuan/mt, unchanged from yesterday.
Recently, the medium-grade ore market has been experiencing a tight supply situation. Limited by the progress of mineral resource development and the pace of capacity release, the market circulation volume has remained at a low level, directly pushing up raw material prices to a relatively high level. Meanwhile, miners still hold some orders signed earlier that need to be prioritized for delivery, leading to a further reduction in the low-priced inventory supply of 10% ore varieties. As old orders are gradually digested, the supply-demand imbalance in the market has become increasingly prominent. Miners have adjusted their pricing strategies for new orders, and downstream buyers' expectations of rising pressure on the cost side have gradually increased, with market sentiment also becoming more cautious.
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