Longqi's price adjustment affects the market, and the downtrend may accelerate [SMM Titanium Spot Flash]

SMM, July 29:  

Today, rutile titanium dioxide closed at 13,600-15,600 yuan/mt, down 650 yuan/mt from the previous trading day.

Affected by the leading enterprise’s proactive price reduction, market trading sentiment weakened, and quoted prices continued to decline. Supply side, although some enterprises suspended or cut production in July, the overall supply impact was limited, and most enterprises maintained full production, with the production-sales imbalance causing inventory pressure to continue accumulating. Demand side, the coatings market was in its production off-season, and seasonal factors continued to constrain prices. In the short term, the supply-demand pattern has not yet improved, and the pace of decline is expected to accelerate, influenced by mainstream enterprises’ price adjustment sentiment.