[SMM Titanium Weekly: Domestic Demand Stabilizes While Export Pressure Awaits Breakthrough] This week, the titanium industry chain exhibited a "domestic stability with external weakness, divergent operation" pattern. Titanium concentrate prices held steady, benefiting from stockpiling demand during the September peak season, with the market generally stable with slight rise. Domestic titanium dioxide prices rose by 200-250 yuan/mt, but exports remained under pressure, especially for chloride-process products where inventory pressure was prominent. Future trends will depend on order intake and destocking progress. High-titanium slag tenders are about to commence, with prices weakly stabilized by cost support. Sponge titanium faced severe inventory buildup in the civilian sector, and the effectiveness of production cuts remains to be verified, with actual demand still reliant on titanium product recovery. The titanium product market continued sluggish, dominated by just-in-time procurement, with no signs of demand recovery yet. Overall, domestic policies and peak season expectations provided some psychological support to the market, but tangible transaction recovery still requires substantive downstream demand release.

[SMM Titanium Spot Market Update: Minor Price Increase in Titanium Dioxide Market, Future Trend Awaits Demand Test] SMM, September 4 - The mainstream quotation range for rutile titanium dioxide stood at 12,600-13,200 yuan/mt, with the average FOB export price at $1,850/mt. Anatase titanium dioxide was quoted at 11,500-11,800 yuan/mt, while chloride-process titanium dioxide was priced at 14,500-15,500 yuan/mt, with an average FOB export price of $2,090/mt. In early September, the domestic titanium dioxide market witnessed a minor price increase, with product prices across all lines rising by approximately 200-250 yuan/mt. However, the export dollar quotations did not follow suit, remaining generally stable, closely linked to intense international market competition and the ongoing pressure from anti-dumping policies in various countries.

According to SMM data and market research, the titanium market showed a differentiated trend in August. For titanium dioxide, prices first declined and then rose. In the middle of the month, many enterprises announced a price increase of 500 yuan/ton for domestic sales and 70 US dollars/ton for exports, with actual transactions steadily picking up at the end of the month. Both output (326,700 tons) and inventory (388,800 tons) decreased month-on-month, as the effects of previous production cuts and inventory destocking became apparent, stabilizing the market's downward trend. Sponge titanium, however, continued to consolidate at low levels. Major enterprises responded to the "anti-involution" policy by announcing a 30% production cut, leading to a 9.39% month-on-month drop in output to 20,900 tons. The decline in sponge titanium prices has eased, but weak demand and high inventory have restricted its rebound. On the export front, titanium dioxide saw a 7.14% year-on-year decrease in cumulative exports, while sponge titanium's export scale remained limited but recorded a 31.59% year-on-year growth in cumulative volume. Both were affected by shrinking overseas demand and the summer break. The market generally expects the traditional peak season in September to drive demand release.

[SMM Titanium Weekly Review: Divergent Price Trends Across Titanium Industry Chain This Week, Titanium Dioxide Prices Rise With Inventory Relief, Multiple Sectors Expected to Gradually Recover in September] This week witnessed divergent price movements across the titanium industry chain, characterized by "partial stabilization with selective follow-up increases." Domestic mainstream titanium concentrate quotations remained unchanged from the previous week, reflecting strong market resistance to further declines. Titanium dioxide prices increased by 200 yuan/mt for anatase grade and 250 yuan/mt for rutile grade, while chloride-process prices held steady, with enterprise inventories alleviated by prior production cuts. Titanium slag prices were flat, though northern high-titanium slag tender prices dropped 450 yuan/mt earlier, leaving most manufacturers in wait-and-see mode. Sponge titanium stabilized after minor earlier reductions, with some producers initiating output cuts. Titanium material prices stayed unchanged, with spot transactions sluggish and procurement primarily driven by rigid demand.

[Monthly SMM Titanium Data: Titanium Dioxide Prices Stabilize and Poised to Rise, Sponge Titanium Prices Stabilize at Low Levels] According to SMM data, in August 2025, China's titanium dioxide production was down 2.10% MoM, and sponge titanium production decreased by 9.39% MoM, indicating a downward trend for both major titanium products. The titanium dioxide market continued with its production cuts strategy; nearly 30 producers adjusted prices mid-August, raising the domestic average price by 500 yuan/mt and the US dollar average price by $50/mt. The effects of production cuts are now evident, inventory has been cleared, and downstream demand is recovering, halting the market's decline. It is expected that as essential demand returns in September, prices will steadily increase, with the sulphuric acid method already seeing a slight rise of 200 yuan/mt, while the chloride method remains at low levels due to inventory pressure. In the sponge titanium sector, some companies responded to the "anti-rat race" policy, planning to cut production by 30% to control capacity. Meanwhile, earlier overcapacity and insufficient demand led to price declines; although actual production cuts were lower than planned, the price pullback slowed this month, and it is anticipated that prices will remain at low levels in September.

[SMM Titanium Spot Report: Market Sentiment Improves as Demand Recovers and September-October Peak Season Approaches] SMM reported on August 25 that the titanium dioxide market has shown signs of recovery. The mainstream quotations for rutile type are at 12,500-13,000 yuan/mt, with FOB export prices at $1,825/mt; anatase type is quoted at 11,500-11,800 yuan/mt; and chloride process is quoted at 14,300-15,300 yuan/mt, with FOB export prices at $2,090/mt.

The titanium market continues to be in the doldrums, awaiting a recovery in the peak season [SMM Weekly Titanium Review] Last week, the overall titanium market remained weak, with most product prices holding steady. The average price of titanium ore remained stable, and the wait-and-see sentiment in the market was strong, with the off-season extending somewhat; it is expected that there may be a slight rebound when the peak season arrives in September. Although titanium dioxide producers raised their quotations, downstream acceptance was limited, and actual transactions remained weak. Competition for rutile products intensified, while anatase products led the gains slightly. Titanium slag continued to be in the doldrums due to losses and insufficient demand. Sponge titanium quotes were stable, but inventory levels increased slightly, and the weak and stable trend continued. The titanium materials and ingot market, under pressure from sluggish end-users and high inventory, saw processing fees generally under pressure. Many companies resorted to lowering prices to secure orders to alleviate the pressure. Overall, the titanium market remains in a state of weak supply and demand, fluctuating at lows, and any future recovery still depends on the actual revival of demand during the traditional peak season in September.

[smm titanium spot update: titanium dioxide market struggles to catch up, price spread narrows and competition intensifies] on august 20, the mainstream quotations for rutile titanium dioxide in the domestic market were 12,500-13,000 yuan/mt, while chlorination process products were quoted at 14,300-15,300 yuan/mt. the average fob export price also increased. recently, multiple companies collectively raised their quotations, with domestic trade prices increasing by about 500 yuan/mt and export prices by about $70/mt. however, downstream acceptance was limited, and transactions mainly occurred at original prices. currently, the price difference between first-tier and third-tier enterprises has significantly narrowed, leading to intensified homogeneous competition. the industry generally expects the traditional peak season in september to drive a substantial recovery in demand.

[SMM Titanium Spot Report: Approaching the September Peak Season, Titanium Dioxide Market Supply and Demand Improves, Price Hike Trend Heats Up!] On August 19, SMM reported that the titanium dioxide market showed a comprehensive upward trend. Rutile mainstream quotations were at 12,500-13,000 yuan/mt, with FOB export prices at $1,825/mt; anatase quotations were at 11,300-11,600 yuan/mt; and chloride process quotations were at 14,300-15,300 yuan/mt, with FOB export prices at $2,090/mt.

[MM Titanium Spot Cargo Update: Titanium Dioxide Market Shows Rising Trend, Leading Enterprises Adjust Prices] On August 18, the titanium dioxide market showed a comprehensive upward trend. Rutile mainstream quotations were at 12,500-13,000 yuan/mt, with FOB export prices at $1,825/mt; anatase quotations were at 11,300-11,600 yuan/mt; and chloride process quotations were at 14,300-15,300 yuan/mt, with FOB export prices at $2,090/mt. Starting from August 15, Panzhihua Titanium Sea Technology raised the domestic selling price of rutile and anatase by 800 yuan/mt and increased the export price by $80/mt. LB Group followed suit on August 18, raising the domestic price by 500 yuan/mt and the international price by $70/mt, mainly due to rising raw material costs. The market's upward pricing trend has been established, and subsequent attention should be paid to actual transaction feedback.