The downstream market is operating at a high level, with high titanium ore prices putting considerable cost pressure on downstream enterprises. This has led to a strong sentiment for price reduction among enterprises. In the titanium ore market in Yunnan and Chengde, transactions are relatively weak due to the high prices. The high slag market is currently stable: in April, the bidding price in the high slag market remained the same month-on-month, with downstream demand basically stable, but raw material costs are high. This puts pressure on high-slag enterprises: the market operating rate remains low.