The downstream market is operating at a high level, and the price of titanium ore is high, resulting in significant cost pressures for downstream companies. There is a strong sentiment among companies to lower prices; some high-priced titanium ores may undergo minor adjustments. The high-slag titanium market is currently stable: the bidding price in the high-slag market in April remained the same compared to the previous month, and downstream demand is basically stable. However, raw material costs are high: high-slag companies are under production pressure, and the market operating rate remains low.