[SMM Titanium Weekly Review: Titanium Products Face Chilly Market as Off-Season Effect Proves Hard to Reverse] The titanium product market remained mediocre recently, with varied performance across categories. Titanium concentrate sentiment stayed sluggish as producers restricted raw ore shipments, while tight Sinomine Resource Group supplies supported prices for certain specifications. However, prices consolidated at lows due to weak off-season demand from downstream sectors. The titanium dioxide industry continued production cuts to stabilize prices, with some large enterprises undergoing maintenance this month to tighten supply. On the demand side, poor performance in related industries coupled with the summer off-season resulted in low purchase willingness, delaying market recovery until September. Sponge titanium faced narrowed profits due to downstream pressure on prices amid traditional demand weakness, with prices likely to remain range-bound in the short term amid expected supply contraction.

[SMM Titanium Spot Report: Titanium Dioxide Prices Continue to Decline, Tug-of-War Between Sellers and Buyers Persists] On July 31, the market prices of titanium dioxide continued to decline, with rutile-type titanium dioxide quoted at 12,200-13,300 yuan/mt (FOB $1,825), anatase-type at 11,300-11,600 yuan/mt, and chloride-process at 14,500-15,500 yuan/mt (FOB $2,100). The prices of sulphuric acid-process products were reduced by 300 yuan/mt in a single day. On the supply side, production cuts and maintenance continued, with Inner Mongolia Dadi Yuntian's new 100,000 mt capacity entering the trial production stage. On the demand side, the coating industry remained weak, with strong wait-and-see sentiment in the market. Under the current oversupply situation, prices still face downward pressure. SMM will continue to monitor market trends in August.

[SMM Titanium Spot Cargo Update: Weak Demand Leads to Pressure on Titanium Metal Prices Today] SMM reported on July 30 that the quoted price for TA1 titanium ingot was 57,000-58,000 yuan/mt, for TA2 titanium ingot was 55,000-56,000 yuan/mt, and for TC4 titanium ingot was 63,000-65,000 yuan/mt today.

[SMM Analysis: Chinese Titanium Market Review: July Snapshot] Chinese titanium market showed mixed trends in July 2025. Sulfate-process TiO₂ prices stabilized at 13,200 yuan/tonne for rutile grade while chloride-process TiO₂ fell below 15,000 yuan/tonne due to expanding capacity. Sponge titanium prices declined by 2,000 yuan/tonne with 0-grade material trading at 50,000-53,000 yuan/tonne as demand softened, prompting producers to implement 30% production cuts. Export markets remained under pressure with June TiO₂ shipments dropping 33% month-on-month, though year-to-date sponge titanium exports grew 48%. Market participants now await potential seasonal improvements during the September peak period.

[SMM Titanium Spot Cargo Update: Insufficient Civilian Demand Support Leads to Collective Price Decline of Titanium Metal] SMM reported on July 28 that today, the price of Grade 0 titanium sponge was quoted at 50,000-53,000 yuan/mt, Grade 1 titanium sponge at 48,000-49,000 yuan/mt, and Grade 2 titanium sponge at 47,000-48,000 yuan/mt.

[SMM Titanium Weekly Review: Titanium Prices Fluctuate Rangebound, Weak Demand Suppresses Market Sentiment] This week, prices across the titanium industry chain remained generally weak and consolidating, with the markets for titanium concentrate, titanium dioxide, and titanium sponge all constrained by sluggish demand. Titanium concentrate prices remained stable for the time being, but the impact of imported ore and inventory pressure suppressed market transactions. Titanium dioxide producers continued their production cut strategies, with prices of chloride-process products under pressure. Titanium sponge producers voluntarily cut production to stabilize prices, and may maintain a sideways trend in the short term. Looking ahead, the market is watching whether the traditional peak season at the end of Q3 can drive a recovery in demand, but the strength of the recovery still depends on improvements in the macroeconomic environment and exports.

[SMM Titanium Spot Cargo Update: Under the surplus pressure of titanium sponge supply, enterprises collectively cut production to stabilize prices] SMM reported on July 24 that today, the quoted price for Grade 0 titanium sponge was 52,000-53,000 yuan/mt, for Grade 1 titanium sponge was 49,000-50,000 yuan/mt, and for Grade 2 titanium sponge was 48,000-49,000 yuan/mt.

[SMM Titanium Spot Cargo Report: Titanium Dioxide Prices Consolidate at Low Levels, Sponge Titanium Demand Weakens, Putting Pressure on Prices] On July 23, the titanium dioxide market continued its sluggish trend, with an average price of 13,050 yuan/mt for rutile type, 11,750 yuan/mt for anatase type, and 15,800 yuan/mt for chloride process type. The average price of grade 0 sponge titanium was 52,500 yuan/mt, with actual transaction prices continuing to decline. Currently, the titanium dioxide market is still operating at a low level, with some enterprises having taken maintenance and shutdown measures in response. It is expected that the market may recover in September. The sponge titanium market has been significantly affected by the decline in demand from both the military and chemical industries, putting notable downward pressure on prices, and signs of production cuts have emerged in the market. SMM will continue to monitor subsequent price trend changes.

[SMM Spot Titanium Report: High Inventory of Titanium Dioxide, Market in the Doldrums] According to SMM on July 22, the quoted price of anatase titanium dioxide was 11,500-12,000 yuan/mt today, unchanged from the previous working day. The quoted price of rutile titanium dioxide was 12,500-13,600 yuan/mt, unchanged from the previous working day. The quoted price of chloride-process titanium dioxide was 15,200-16,400 yuan/mt, down by 100 yuan/mt from the previous working day.

[SMM Titanium Spot Cargo Update: Prices Consolidate at Low Levels, Titanium Enterprises Adjust to Market Pressures] SMM reported on July 21 that the titanium dioxide market continued to operate at a low level today, with the price range remaining stable. The average market price of rutile titanium dioxide was 13,050 yuan/mt, anatase titanium dioxide was 11,750 yuan/mt, and chloride-process titanium dioxide was 15,900 yuan/mt. The average market price of Grade 0 titanium sponge was 52,500 yuan/mt, showing characteristics of consolidation at a high level. Currently, the titanium dioxide market continues to face pressure, with some enterprises adjusting supply through maintenance or production suspension. Titanium sponge prices have experienced a correction due to downstream titanium material demand. SMM will continue to track changes in market supply and demand as well as price trends, providing timely references for the industry.