The prices of raw materials in the mines are remaining strong. In the Panxi region, titanium ore enterprises are not operating at full capacity, leading to a tight supply in the market. The new order quotation remains at CNY 2300/ton, which is equivalent to approximately USD 319/ton. For April, the large factories plan to increase their prices by CNY 150/ton, equivalent to approximately USD 20.8/ton, which has led to a wait-and-see sentiment in the market.