Prices of titanium sponge generally decline, with the market operating under pressure [SMM Titanium Spot Cargo Bulletin]

SMM reported on July 17 that the average price of Grade 0 titanium sponge was 52,500 yuan/mt today, down 1,000 yuan from the previous working day. The average price of Grade 1 titanium sponge was 50,500 yuan/mt, and that of Grade 2 titanium sponge was 49,500 yuan/mt.

Recently, the titanium sponge market has been affected by the pullback in titanium material prices, with weakened support for high prices and gradually declining actual transaction prices. The current market supply maintains a stable growth trend, coupled with the expectation of new capacity release, while downstream demand shows a generally stable with slight fall performance. It is expected that the price of titanium sponge may remain generally stable with slight fall in the short term, and the market has already shown a trend of high-level pullback.