[SMM Announcement] Announcement on the Launch of New Price Points for Titanium Concentrate and Rutile

Dear Users,

Since the beginning of this year, imported titanium concentrate has impacted the domestic market, and its price fluctuations have garnered close attention from downstream enterprises such as titanium dioxide and sponge titanium producers. To promote international trade of titanium products, assist global upstream and downstream enterprises in grasping market dynamics, obtaining spot price information, reducing cross-border transaction risks and costs, and deepening industry chain research, SMM has decided to launch five new price points for titanium concentrate and rutile for market reference, effective from December 29th. The specific price point information is as follows:

Price Point: Titanium Concentrate (Mozambique TiO₂ ≥46%)

• Price Definition: VAT included, spot transaction price at port

• Unit of Account: RMB/tonne

• Country of Origin: Mozambique

• Price Generation Regions: Major Chinese ports including Caofeidian Port, Qinzhou Port, Zhanjiang Port, Rizhao Port, etc.

• Product Standard: Conforms to YB/T 4031-2015 standard, with specifications: TiO₂ (dry basis): ≥ 46.00%, S: ≤ 0.25%, P: ≤ 0.06%, Fe₂O₃: ≤ 8.0%, H₂O: ≤ 1.0%

• Minimum Quantity Requirement: ≥30 tonnes

• Release Time: Before 11:30 AM Beijing Time on business days

Price Point: Titanium Concentrate (Nigeria TiO₂ ≥50%)

• Price Definition: VAT included, spot transaction price at port

• Unit of Account: RMB/tonne

• Country of Origin: Nigeria

• Price Generation Regions: Major Chinese ports including Qinzhou Port, Rizhao Port, etc.

• Product Standard: Conforms to YB/T 4031-2015 standard, with specifications: TiO₂ (dry basis): ≥ 50.00%, S: ≤ 0.20%, P: ≤ 0.040%, Fe₂O₃: ≤ 7.0%, H₂O: ≤ 1.0%

• Minimum Quantity Requirement: ≥30 tonnes

• Release Time: Before 11:30 AM Beijing Time on business days

Price Point: Titanium Concentrate (Australia TiO₂ ≥50%)

• Price Definition: VAT included, spot transaction price at port

• Unit of Account: RMB/tonne

• Country of Origin: Australia

• Price Generation Regions: Major Chinese ports including Caofeidian Port, etc.

• Product Standard: Conforms to YB/T 4031-2015 standard, with specifications: TiO₂ (dry basis): ≥ 50.00%, S: ≤ 0.20%, P: ≤ 0.040%, Fe₂O₃: ≤ 7.0%, H₂O: ≤ 1.0%

• Minimum Quantity Requirement: ≥30 tonnes

• Release Time: Before 11:30 AM Beijing Time on business days

Price Point: Rutile (Sierra Leone TiO₂ ≥95%)

• Price Definition: VAT included, spot transaction price at port

• Unit of Account: RMB/tonne

• Country of Origin: Sierra Leone

• Price Generation Regions: Major Chinese ports including Qinzhou Port, etc.

• Product Standard: Conforms to common industry standards for rutile concentrate, with specifications: TiO₂ (dry basis): ≥ 95.00%, S: ≤ 0.02%, P: ≤ 0.020%, Fe₂O₃: ≤ 0.50%, H₂O: ≤ 0.50%

• Minimum Quantity Requirement: ≥30 tonnes

• Release Time: Before 11:30 AM Beijing Time on business days

Price Point: Rutile (Sierra Leone TiO₂ ≥90%)

• Price Definition: VAT included, spot transaction price at port

• Unit of Account:RMB/tonne

• Country of Origin: Sierra Leone

• Price Generation Regions: Major Chinese ports including Qinzhou Port, etc.

• Product Standard: Conforms to common industry standards for rutile concentrate, with specifications: TiO₂ (dry basis): ≥ 90.00%, S: ≤ 0.05%, P: ≤ 0.040%, Fe₂O₃: ≤ 1.20%, H₂O: ≤ 0.80%

• Minimum Quantity Requirement: ≥30 tonnes

• Release Time: Before 11:30 AM Beijing Time on business days

SMM Titanium Industry Research Team
December 23, 2025