Sponge Titanium Market Trading Remains Sluggish, Prices Under Pressure [SMM Titanium Spot Express]

SMM November 24, the mainstream quotations for grade 0 sponge titanium were 46,000-47,000 yuan/mt, with an average price of 46,500 yuan/mt; the average FOB price for grade 0 sponge titanium was $6,650/mt; the quotation for grade 1 sponge titanium was 45,000-46,000 yuan/mt, with an average price of 45,500 yuan/mt; the quotation for grade 2 sponge titanium was 44,000-45,000 yuan/mt, with an average price of 44,500 yuan/mt.

Recently, sponge titanium market prices failed to rise, and the overall trading atmosphere was mediocre. With current production remaining stable, downstream procurement was mainly driven by rigid demand. Meanwhile, export market performance in H2 was relatively mediocre, and domestic customers generally had low acceptance of high-priced resources, leading mainstream prices to be in the doldrums.