“`html

The current mainstream price for Grade 1 sponge titanium in the market is around 49,000 to 50,000 CNY per ton, which converts to approximately 6,753 to 6,890 USD per ton based on the exchange rate of 7.25630. Sponge titanium enterprises are facing significant inventory pressure, and the market demand is weak. As a result, companies are eager to sell, leading to a weak price trend.