UK proposes five-year duties on Chinese rutile TiO₂

The titanium market remained under pressure but stable after the holiday, with weak domestic demand causing the September peak season to fall short of expectations and market confidence to be subdued. Policies and export orders provided modest support, but exports remained constrained by barriers. In the short term, the titanium market is consolidating in a stalemate, and the outlook depends on orders and the pace of destocking in mid-to-late October.

[SMM Titanium Macro Analysis: Titanium Market in Stalemate After the Double Holiday, Short-Term Exports Become Key Observation Point] During the National Day holiday, the titanium industry chain was under pressure overall. On the first trading day after the holiday, prices remained temporarily stable with no significant fluctuations. Upstream titanium concentrate supply was ample, titanium sponge continued to see inventory buildup, and quotations for all titanium dioxide product categories were stable. However, domestic end-use demand was weak, the September peak season fell short of expectations, and the market remained cautious about the October peak season. Some producers even took orders at low prices, undermining market confidence. Nevertheless, the suspension of anti-dumping measures on titanium dioxide by Europe and Asia, mortgage interest subsidy policies, and export orders brought some positive factors. However, the recovery in domestic demand remained sluggish, and anti-dumping measures in multiple overseas regions continued to constrain exports. In the short term, the titanium market is likely to maintain a fluctuating and stagnant trend, with downstream orders and the pace of destocking in mid-to-late October likely to determine the subsequent direction.