[SMM Weekly Review of Titanium Spot Cargo: Titanium Dioxide Prices Under Pressure, Overall Titanium Market Remains Stable] Affected by the off-season in the industry, the quotes for titanium ore are chaotic, with overseas titanium ore occasionally sold at low prices. Downstream, multiple titanium dioxide enterprises have lowered their market quotes, while the price of sponge titanium remains stable at a high level.

[SMM Analysis: Outlook on China's Sponge Titanium Market: Export Growth & Competitive Landscape] The sponge titanium market will undergo a significant transformation in 2025. China dominates the supply side with 68% of global production capacity, and exports in the first half of the year increased by 78% year-on-year. The current market shows a clear differentiation, with Japanese companies continuing to monopolise the high-end market, while Chinese companies occupy the mid-to-low-end market with their price competitiveness. The European market has strict product quality requirements but scattered orders, the US market is restricted by tariff policies, and the Southeast Asian market faces intense price competition. The industry is facing multiple challenges, including Japan's technological leadership, the upcoming implementation of carbon tariffs in Europe, and the continued expansion of domestic production capacity.

[SMM Titanium Spot Report: Titanium Ore Prices Remain Firm, Downstream Titanium Dioxide Market Under Pressure] SMM reported on July 1st that today's market quotes for rutile titanium dioxide are 13,000-14,000 yuan/mt, and for anatase titanium dioxide are 12,000-12,800 yuan/mt, unchanged from the previous working day.

[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 Spot Titanium Report: Longqi Enterprise Lowers Titanium Dioxide Prices Today] SMM reported on July 1 that today's market quotes for rutile titanium dioxide are 13,000-14,000 yuan/mt, and for anatase titanium dioxide are 12,000-12,800 yuan/mt, unchanged from the previous working day.

[SMM Titanium Spot Cargo Update: Titanium Dioxide Prices Continue to Hit Bottom, While Sponge Titanium Remains High and Consolidated] SMM reported on June 30 that titanium product prices continued to diverge at month-end: the average price of rutile titanium dioxide was 13,250 yuan/mt, anatase titanium dioxide was 12,100 yuan/mt, and chloride-process titanium dioxide was 16,400 yuan/mt, with the market still in a downward trend; Grade 0 sponge titanium remained stable at 52,500 yuan/mt. The titanium dioxide market is facing weak domestic and external demand, with small and medium-sized enterprises cutting production to alleviate inventory pressure, while large manufacturers are gradually experiencing destocking pressure. Sponge titanium, on the other hand, benefits from the rigid demand of the military industry and support from emerging fields, maintaining a high level of operation. It is expected that titanium dioxide will remain in the doldrums in the short term, while sponge titanium needs to monitor changes in export orders.

[SMM Titanium Spot Cargo Update: Supply-Demand Imbalance Persists, Titanium Slag Prices in the Doldrums Today] SMM reported on June 27: The tender price for 90% low-calcium magnesium high-titanium slag in north China was quoted at 6,690-7,000 yuan/mt, basically flat compared to the previous working day; the mainstream quotations for acid-soluble titanium slag in Yunnan were 4,650 yuan/mt, and those in Sichuan were 5,820-5,870 yuan/mt, also basically flat compared to the previous working day.

[SMM Titanium Weekly Review: Strong Support from High-end Demand, Continuous Pressure on Basic Products] This week, the titanium market showed a clear divergence in trends. Sponge titanium prices continued to rise, with Grade 0 quoted at 53,500 yuan/mt, and trading volume significantly increased driven by large overseas orders. The titanium material market saw robust demand from the military sector, with TA1 titanium ingot priced at 59,000-60,000 yuan/mt. However, the titanium dioxide market remained in a downward trend, with rutile-type titanium dioxide priced at 13,000-14,300 yuan/mt. Despite production cuts by manufacturers, inventory pressure persisted. Titanium concentrate (TiO2≥47%) was priced at 2,000-2,150 yuan/mt, with sluggish demand affected by the off-season. Overall, high-end titanium products performed strongly, supported by military and export demand, while the civilian sector still awaited demand recovery. The market divergence pattern is likely to continue.

[SMM Titanium Spot Market Flash: Weak Demand for Titanium Dioxide Leads to Negative Feedback Upstream; Titanium Ore Market in the Doldrums Today] SMM reported on June 23 that today's market quotations for rutile titanium dioxide were 13,000-14,300 yuan/mt, while those for anatase titanium dioxide were 12,000-12,800 yuan/mt. Titanium concentrate prices were in the doldrums today, with mainstream quotations for titanium concentrate (TiO2≥46%) in the Panxi region at 2,000-2,150 yuan/mt, and those for titanium concentrate (TiO2≥47%) at 1,700-1,750 yuan/mt.

[SMM Titanium Spot Cargo Update: Market Prices Remain Stable, Downstream Purchasing as Needed] SMM reported on June 24 that today, titanium dioxide prices remained in the doldrums, with rutile-type prices quoted at 13,000-14,300 yuan/mt (FOB $1,890-$1,950), anatase-type at 12,000-12,600 yuan/mt, and chloride-process at 16,000-17,000 yuan/mt. The overall market was characterized by oversupply, with some production lines experiencing production cuts, yet supply remained relatively abundant. Weak domestic and external demand constrained transactions. Cost pressure from raw materials persisted, with significant differences in producer quotes, and high-end products were relatively more resilient to price declines. In the short term, titanium dioxide prices may continue to be in the doldrums. It is recommended to monitor month-end pricing and demand changes.