Titanium Ore Prices Continue to Decline as Market Awaits Demand Guidance [SMM Titanium Spot Report]

Published: Nov 18, 2025 18:13

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[SMM Titanium Spot Report: Titanium Ore Prices Continue to Decline, Market Awaits Demand Guidance] November 18, domestic titanium concentrate prices continued to fall, with the 46% grade quoted at 1,630-1,680 yuan/mt (average 1,655 yuan/mt) and the 47% grade quoted at 1,900-2,050 yuan/mt (average 1,975 yuan/mt). Currently, competition between domestic and imported ore is intensifying, downstream demand remains generally weak, and market wait-and-see sentiment is strong. Most market participants are focusing on the recovery of demand by month-end to seek clearer directional guidance.

SMM November 18 News: Today, domestic titanium concentrate (TiO₂≥46%) was quoted at 1,630-1,680 yuan/mt, with an average price of 1,655 yuan/mt; the TiO₂≥47% specification was quoted at 1,900-2,050 yuan/mt, with an average price of 1,975 yuan/mt, and prices continued their overall downward trend.

Recently, the domestic titanium concentrate market remained weak, competition from imported ore sources intensified, overall downstream demand performed sluggishly, and market wait-and-see sentiment was strong. Most market participants awaited month-end demand trends to clarify the market direction going forward.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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