Titanium Concentrates Oversupply Pattern Unchanged, Market Weakness Continues [SMM Titanium Spot Express]

Published: Aug 4, 2026 18:48

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[SMM Titanium Spot Flash: Titanium Concentrates Oversupply Pattern Unchanged, Weak Market Continues] SMM August 4: The mainstream 46% titanium concentrate was quoted at 1,250 yuan/mt today. Low-priced imported ore continued to impact, Panxi associated supply passively increased, while real estate chain demand remained sluggish, and downstream buyers were on the sidelines, delaying purchases. Short-term prices continued to be under pressure.

SMM, August 4:

Today, mainstream 46% titanium concentrates were quoted at around 1,250 yuan/mt, and actual transactions were generally below quotes.

Currently, the domestic titanium concentrate market continued an oversupply pattern, with the overall market in the doldrums. Supply side, the increase in Panxi iron ore concentrate production simultaneously boosted titanium concentrate supply. After the easing of local conflicts in Myanmar, Chinese operators entered the area for mining activities, and imported ore supply also increased. Demand side was extremely sluggish; shrinking real estate demand directly suppressed consumption of titanium dioxide and titanium ore. The continuing price decline created a vicious cycle, resulting in strong wait-and-see sentiment among downstream buyers and delayed purchases. Cost side, by-product revenues could offset losses on titanium ore, and some large mines, relying on co-production advantages, could tolerate lower selling prices. The oversupply situation is unlikely to reverse in the short term. Without a macroeconomic recovery to boost downstream consumption, titanium ore prices still face downside room.

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