Magnesium Market Demand Weakness Constrains Recovery, Short-Term Prices Struggle to Rise [SMM Titanium Spot Cargo Express]

SMM October 14 news, mainstream quotations for rutile type were 12,900-13,700 yuan/mt, FOB export price was $1,875/mt; anatase type quotations were 11,800-12,200 yuan/mt; chloride process quotations were 14,700-15,700 yuan/mt, FOB export price was $2,125/mt.

Currently, the domestic titanium dioxide market is in a phase of consolidation, with market activity not showing significant improvement compared to the previous period. The industry's operational rhythm focuses on steadily digesting existing inventory and monitoring subsequent demand changes. Influenced by factors such as the slower-than-expected pace of end-use consumption recovery and cautious enterprise stockpiling willingness, procurement demand for titanium dioxide remains in a rigid restocking mode, with few instances of large-scale concentrated procurement, leading to insufficient support from the overall demand side. The supply-demand imbalance has not been effectively alleviated, and the market overall presents a loose pattern with supply slightly greater than demand. In summary, the implementation of the new price system still awaits substantial improvement on the demand side or a shift in the industry's supply-demand pattern; in the short term, price rises lack sufficient momentum.