The supply-demand imbalance is prominent. Today, titanium slag prices are in the doldrums [SMM Spot Titanium Cargo Report]

SMM News on June 27: The tender price for 90% low calcium magnesium high titanium slag in north China ranges from 6,690 to 7,000 yuan/mt. The mainstream quotations for acid-soluble titanium slag in Yunnan and Sichuan markets are 4,650 yuan/mt and 5,820-5,870 yuan/mt respectively, basically flat compared with the previous working day.

Recently, the titanium slag market has continued its downward trend, with an overall pattern of weak supply and demand. The market weakness primarily stems from the continuous shrinking demand in the downstream titanium dioxide industry. Currently, the operating rate of titanium dioxide enterprises has dropped below 65%, and procurement demand has decreased by approximately 20% YoY, significantly increasing the pressure on titanium slag enterprises to sell their products. According to survey data, the inventory turnover days of key titanium slag enterprises have extended to around 25 days, a 40% increase compared with normal levels. Some enterprises are even facing the risk of inventory overstocking. This business dilemma of "high purchase and low sales" has led to a continuous expansion of industry losses, with over 60% of enterprises currently operating at a loss. Looking ahead, in the absence of substantial positive support, the titanium slag market is expected to remain in a weak state in the short term.

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