The titanium material market continues to be weak, and the high price of titanium sponge may be difficult to maintain [SMM Titanium Spot Cargo Report]

SMM reported on July 15 that the average price of Grade 0 titanium sponge was 53,500 yuan/mt, Grade 1 titanium sponge was 50,500 yuan/mt, and Grade 2 titanium sponge was 49,500 yuan/mt today. The quoted price of titanium pipes (TA2/25*2mm) was 115-125 yuan/kg, a decrease of 5 yuan compared to the previous working day; the quoted price of pure titanium rods (TA1/20-40mm) was 95-105 yuan/kg, a decrease of 5 yuan compared to the previous working day.

Currently, the titanium material market continues to face pressure, with downstream demand showing a clear weakening trend. Today, the prices of titanium pipes and pure titanium rods continued to decline, mainly due to the sluggish demand in the terminal chemical sector and the persistent low purchase willingness in the market. It is worth noting that the market price of upstream titanium sponge remains at highs, but the market generally believes that there is a certain degree of overvaluation at the current price level. With the gradual stabilization of downstream demand and the transmission of pressure from the cost side, it is expected that the price of titanium sponge may experience a rational correction in the future market.