Titanium Supply-Demand Under Pressure Across the Entire Chain, Prices Consolidate at Lows [SMM Titanium Weekly Review]
[SMM Titanium Weekly Review: Titanium Industry Chain Under Supply-Demand Pressure, Prices Consolidating at Lows] This week, the titanium industry chain saw strong supply and weak demand, with prices consolidating at lows. Titanium ore inventory remained high, while downstream titanium dioxide producers pushed for lower prices on a need-to basis. Titanium dioxide plants faced both high operating rates and high inventory, with sluggish domestic demand during the off-season and overseas trade barriers weighing on exports. Titanium slag was squeezed by both weakening downstream demand and rising costs, resulting in thin trading. Titanium sponge prices held nominally steady but quietly declined, as enterprises maintained high operating rates and high inventory, with only military demand providing slight support. Titanium materials remained stagnant along with raw materials, with insufficient civilian orders. The entire industry chain lacked momentum for recovery, and prices are expected to remain in the doldrums and consolidate in the short term.
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