SMM

According to SMM data, China's titanium sponge production in November 2024 decreased by 0.8% MoM. In early November, the titanium sponge market still faced a supply-demand imbalance, with downstream titanium material market demand remaining sluggish, bringing significant operational pressure to the titanium sponge industry. New orders were weak, and corporate inventories gradually increased. Despite an attempt by a titanium sponge company in Xinjiang to adjust prices at the beginning of the month, downstream acceptance of the new prices was low. According to SMM analysis, titanium sponge companies may continue to reduce production in December, with domestic output expected to decrease further.