Titanium Market Price Analysis – First Week of September 2025

Market Overview

(1) Titanium Ore

1. Domestic titanium ore (in China):

This week, domestic titanium ore prices remained generally stable. As of now, medium and small producers quote 46,10 ore at RMB 2,180/ton, 38-grade ore (excl. tax) at RMB 1,500–1,600/ton, and 47,20 ore at RMB 2,300–2,350/ton. With limited operating rates downstream and weak inquiries, new transactions are stagnant. Rising processing costs keep smelters under pressure, so titanium ore prices are temporarily stable.

2. Imported titanium ore:

Import titanium ore prices also stayed firm. Mozambique titanium ore CIF price is around USD 370/ton, while Kenya 47–49 grade ore (ex-factory, incl. tax) is around USD 360/ton. With overseas quotations remaining high, Chinese buyers remain cautious. Import ore prices are expected to continue stable operation.

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(2) High Titanium Slag

In northern China, enterprises tendered around 10,000 tons of high titanium slag this month. However, weak downstream demand has kept the market sluggish, with prices showing a steady-to-weak trend.

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(3) Titanium Tetrachloride

Titanium tetrachloride prices remained stable at RMB 5,900–6,500/ton. Downstream demand is weak, and high prices are hard to close. Market competition remains intense, keeping prices at the lower end.

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(4) Titanium Dioxide (TiO₂)

The titanium dioxide market held steady this week.

• Rutile type (including tax): RMB 13,000–14,300/ton

• Anatase type (including tax): RMB 13,300–13,600/ton

Shipments remain average, with downstream buyers mainly making rigid-demand purchases. New orders are stagnant, and some producers face pressure to move stock. Market sentiment is cautious, with buyers mostly on the sidelines.

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(5) Sponge Titanium

The sponge titanium market stayed stable this week.

• Grade 1: RMB 50,000–51,000/ton

• Grade 0: RMB 51,000–52,000/ton

Although major producers such as Guotai and Xiangrun reduced production in September, weak demand in the civilian sector led to rising inventories. Sporadic low-price deals in some regions further disrupted sentiment. Despite this, mainstream sponge titanium prices remain steady for now.

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Outlook

1. Titanium raw materials: Supply-demand imbalance is expected to persist.

2. Titanium dioxide: Some de-stocking at plants may support stable prices.

3. Sponge titanium: Supply reduction will keep prices stable, though pressure from weak civilian demand remains.