SMM reported on January 15 that the quotation for grade 0 sponge titanium today was 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 $6,950/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.
After the holiday, sponge titanium market prices continued to decline. Currently, enterprise inventories in the civilian sector are high, coupled with weak downstream titanium material demand, and the actual transaction prices for grade 0 products in the market generally fell within the range of 44,000-45,000 yuan/mt. To boost market confidence, some enterprises issued price adjustment notices on January 9, announcing a price increase of 2,000 yuan/mt in their quotations, attempting to alleviate the decline. Entering this week, the market did not sustain a rebound, and overall returned to a weak consolidation pattern, with quotations falling back by approximately 1,000 yuan/mt from the post-increase levels. Sponge titanium prices are expected to maintain a fluctuating consolidation trend this month, and the subsequent trend still requires monitoring whether there will be a substantial improvement in end-use demand for titanium materials after the Chinese New Year.
