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Downstream demand has not yet improved, and the supply and demand sides maintain a balanced state. Prices continue to consolidate weakly.

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Market Summary

Titanium Ore: The market remains cautious with high titanium ore prices and significant production pressure downstream. Both supply and demand are in a standoff, leading to stable but high prices.

Titanium Slag

In August, the northern enterprises’ high slag price was 7390 CNY/ton, which is a decrease of 210 CNY/ton compared to July. The high titanium ore prices contribute to high slag production costs. With demand slowing, prices are weak and running at low levels.

The downstream operations remain at high levels, and the overall supply of titanium ore is still tight. Deeply affected titanium ore enterprises have resumed normal operations, primarily fulfilling previous orders. High-priced transactions are almost non-existent, inventories are low, and market quotes are firm.

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Titanium ore supply remains tight with high costs, leading to firm market prices.