SMM January 17 News: Recently, the price of Grade 1 sponge titanium has shown a tentative upward trend, with mainstream quotations at 46,000 yuan/mt-47,000 yuan/mt. Some sponge titanium producers have raised their quotations by 2,000 yuan/mt, and mainstream transaction prices in the market were at 44,000-45,000 yuan/mt.
Due to the rise in sponge titanium prices, titanium material companies quickly adjusted their strategies. Major companies actively promoted price adjustment measures, and material producers followed suit by increasing quotations for their main products. This change has triggered a strong response in the downstream market, shifting from a previously sluggish state to frequent inquiries. However, with the Chinese New Year approaching, despite a significant increase in inquiries, it has not led to a new wave of purchasing. The special timing at the year-end and the beginning of the year has led many companies to adopt a wait-and-see approach, avoiding large-scale purchasing decisions before the Chinese New Year. It is expected that sponge titanium prices will remain stable in the short term.
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