Titanium dioxide prices remain low and consolidate, while demand for titanium sponge is weak, putting pressure on prices [SMM Spot Titanium Cargo Report]

SMM reported on July 23 that the titanium dioxide market prices continued to operate at a low level today. The mainstream quotations for rutile titanium dioxide remained at 13,050 yuan/mt, while anatase titanium dioxide was quoted at 11,750 yuan/mt, and chloride-process titanium dioxide products were quoted at 15,800 yuan/mt. The average market price for grade 0 titanium sponge was reported at 52,500 yuan/mt, but the actual transaction prices generally showed a downward trend.

Currently, the overall titanium dioxide market remains in a state of doldrums, with some producers having taken maintenance or shutdown measures to cope with the market downturn. Considering the production cuts in the industry during July and August, it is expected that the market will gradually recover in September. The demand for titanium sponge has significantly weakened, mainly due to the simultaneous reduction in orders from the military and chemical sectors. It is anticipated that titanium sponge prices will continue to decline. Currently, there are already reports of production cuts in the market, and SMM will continue to monitor the subsequent price trend changes.