The price of titanium dioxide continues to hit bottom, while titanium sponge remains at a high level of consolidation [SMM Spot Titanium Cargo Report]

SMM reported on June 30 that titanium dioxide market prices continued to be weak today: the average price of rutile titanium dioxide was 13,250 yuan/mt, that of anatase titanium dioxide was 12,100 yuan/mt, and that of chloride-process titanium dioxide was 16,400 yuan/mt; the average price of Grade 0 titanium sponge was 52,500 yuan/mt, remaining stable.

Currently, the titanium dioxide market is still in a downward trend, with the price lows continuing to decline. According to feedback from traders, market demand remains weak, coupled with the impact of overseas anti-dumping policies, leading to a significant decrease in export orders. From the perspective of June's production situation, some small and medium-sized enterprises have voluntarily cut production to alleviate inventory pressure. Although large enterprises have maintained normal production, the pressure to digest inventory has gradually emerged.

The titanium sponge market has performed relatively steadily, with prices fluctuating rangebound at a high level. There is significant support from rigid demand in the military sector, while the demand potential in emerging fields such as medical care and aerospace is gradually being released, providing additional support to the market. It is expected that titanium sponge prices will continue to run smoothly in the short term.

Looking ahead, titanium dioxide prices may remain in the doldrums, and the titanium sponge market needs to focus closely on changes in export orders. SMM will continue to track market dynamics.