Titanium dioxide prices continue to decline, while sponge titanium remains at a high level [SMM Spot Titanium Cargo Report]

Published: Jul 2, 2025 18:35

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[SMM Titanium Spot Cargo Update: Titanium Dioxide Prices Continue to Decline, While Sponge Titanium Prices Remain High] On July 2, the titanium product market continued its divergent trend: titanium dioxide prices continued to decline, with rutile titanium dioxide priced at 13,250 yuan/mt and actual transactions reaching as low as 13,000 yuan/mt. Weak domestic demand, coupled with the European summer break, has put pressure on exports. Sponge titanium prices, on the other hand, rose against the trend to 53,500 yuan/mt, but high inventory levels and the launch of new capacity may constrain further price increases. It is expected that titanium dioxide prices will continue to decline in the short term, while sponge titanium prices, after remaining high, may face downward pressure.

SMM reported on July 2 that titanium dioxide (TiO₂) market prices continued to weaken today: the average price of rutile-type TiO₂ was 13,250 yuan/mt, anatase-type TiO₂ was 12,100 yuan/mt, and chloride-process TiO₂ was 16,400 yuan/mt; the average price of grade 0 titanium sponge was 53,500 yuan/mt, with prices continuing to rise.

Currently, the overall TiO₂ market remains weak. Leading enterprises have successively issued price adjustment announcements, and prices are expected to decline further. Domestic demand remains sluggish, coupled with the European market entering the summer break, overseas orders have significantly decreased, and there is a notable drive down in prices. Currently, the mainstream transaction prices of TiO₂ have fallen to 13,000 yuan/mt, and the downward trend has not yet bottomed out.

The titanium sponge market is in a stable state with robust supply and demand. Domestic rigid demand provides strong support, and there is a large volume of long-term contract signings. The mainstream transaction prices hover at highs. However, from the perspective of inventory, the inventory levels of producers remain high, and with the upcoming release of new capacity, it will be difficult to maintain prices at high levels in the future.

Outlook for the future: TiO₂ prices are expected to continue their downward trend. Although titanium sponge prices may maintain high levels in the short term, a subsequent correction is possible.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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