Prices across the titanium industry chain have fallen, and the market is expected to remain in the doldrums [SMM Titanium Spot Cargo Report]

SMM News on July 7: Prices across the titanium industry chain have generally declined.

Titanium concentrate market:The quoted price for domestically produced titanium concentrate (TiO2≥46%) is 1,650-1,700 yuan/mt, down 50 yuan/mt from the previous trading day. The quoted price for the TiO2≥47% specification is 1,950-2,100 yuan/mt, with the average price down 50 yuan/mt. Affected by weak titanium dioxide demand and falling imported ore prices, domestic miners have panicked and sold off, exacerbating downward pressure on prices.

Titanium slag and titanium tetrachloride markets:The quoted price for high-titanium slag (TiO2≥90%) is 6,300-7,000 yuan/mt, down 195 yuan/mt from the previous trading day and 390 yuan from the low point of last month. The quoted price for titanium tetrachloride (99.9%) is 5,200-5,600 yuan/mt, down 100 yuan/mt. This price adjustment is mainly due to the downward shift in tender prices from steel mills.

Titanium material market:Prices for major products have generally pulled back: TA2 titanium plate (3-8mm) is 64 yuan/kg; TA2 titanium tube (25*2mm) is 125 yuan/kg; TA1 pure titanium rod (20-40mm) is 105 yuan/kg; TC4 titanium alloy rod (20-40mm) is 125 yuan/kg. Sponge titanium prices have ended their high consolidation and begun to pull back. With increased supply and stable demand, there is expected to be further downside room.

Titanium dioxide market:The quoted price for anatase titanium dioxide is 11,500-12,000 yuan/mt, with an average price of 11,750 yuan/mt, down 350 yuan. As mainstream producers implement price adjustment policies, the market expects prices to further hit bottom. Anatase products face greater adjustment pressure due to shrinking demand.

Outlook:In the short term, various segments of the titanium industry chain will remain in the doldrums. The combined effects of the traditional off-season in summer and macroeconomic pressures may lead prices to continue to hit bottom. It is recommended to pay attention to the recovery of end-use demand in late August and the capacity adjustment trends of major producers, which will be key signals for market stabilization.