Sponge Titanium Offers Rise, Downstream Adopts Wait-and-See Approach, Overall Market Remains Weak [SMM Titanium Spot Report]

[SMM Titanium Spot Market Update: Sponge Titanium Quotations Rise Amid Strong Downstream Wait-and-See Sentiment, Overall Market Remains Sluggish] On November 10, sponge titanium market prices remained generally stable, with mainstream quotations for Grade 0 at 46,000-48,000 yuan/mt. Downstream purchasing enthusiasm was generally weak. Yunnan Guoti announced a domestic selling price increase of 2,000 yuan/mt and an export quotation increase of $300/mt, making it one of the rare price hike moves in the market. However, downstream acceptance is currently limited, and other mainstream producers have not yet followed suit with price adjustments. Overall market transactions are sluggish, and sentiment remains cautious. In the short term, the sponge titanium market is expected to remain in the doldrums.