Titanium Product
Market Prices of Titanium Products — November 10
I. Titanium Market Overview
Titanium Ore
The Panxi titanium ore price index stood at 1,085.00 today, unchanged from yesterday. The domestic titanium ore market remained weak: capacity release in the main mining areas kept supply loose, actual transaction prices of some Panxi ore continued to edge lower, new-order signings met considerable resistance, and operating pressure on wet-beneficiation plants became more pronounced, leaving overall trading sentiment largely wait-and-see. The imported ore market also ran under pressure, with the spread between domestic and external prices squeezed to an extremely narrow level; downstream willingness to take delivery, however, stayed lukewarm, and the overall market remained locked in a weak standoff under oversupply.
Titanium Slag
This month the tender for 90% low-calcium, low-magnesium high-titanium slag from northern enterprises settled at RMB 4,990/t, down RMB 210/t from the previous round. With raw-material costs running high, production of high-grade slag is currently loss-making; prices sit at low levels and the market is under pressure. In the acid-grade slag market, downstream demand is soft, domestic shipping pressure is considerable, operating rates are relatively low and some inventory remains; the market is temporarily stable.
Titanium Tetrachloride
Titanium tetrachloride was quoted at RMB 5,600–6,000/t. With feedstock chlorine prices high and overall demand stable, producers held firm on new-order offers, and market prices largely moved sideways.
Titanium Sponge
Titanium sponge prices held steady at low levels: mainstream quotes for Grade 0 sponge stood at around RMB 41,000–43,000/t, while mainstream quotes for Grade 1 civilian-grade sponge were around RMB 40,000–42,000/t. Downstream demand remained sluggish and inventories stayed high; the market was weakly stable.
Titanium Dioxide
The titanium dioxide price index stood at 13,733.15 today, unchanged from yesterday. Industry operating rates remained relatively high, supply was ample and in-plant inventory destocking was slow; a few TiO2 producers are withholding quotations for now and most participants are on the sidelines. Downstream demand is in its low season — procurement consists mainly of small, need-based lots with a strong price-comparison mindset. Meanwhile export channels are impeded and volumes are flowing back into the domestic market, so prices are expected to remain under pressure in the short term.
II. Price Summary
|
Product |
Specification |
2026.11.9 |
2026.11.10 |
Change |
Remarks |
|
Titanium Ore |
Panzhihua TiO2>47%, No. 20 ore |
1100-1150 |
1100-1150 |
0 |
CNY/t, ex-works excl. VAT |
|
Panzhihua TiO2>46%, No. 10 ore |
1020-1050 |
1020-1050 |
0 |
CNY/t, ex-works excl. VAT |
|
|
Panzhihua TiO2>38%, titanium middlings |
680-750 |
680-750 |
0 |
CNY/t, ex-works excl. VAT |
|
|
Yunnan TiO2>45% |
1050-1150 |
1050-1150 |
0 |
CNY/t, ex-works excl. VAT |
|
|
Chengde TiO2>45% |
950-980 |
950-980 |
0 |
CNY/t, ex-works incl. VAT |
|
|
Xinjiang TiO2>46% |
950-1000 |
950-1000 |
0 |
CNY/t, ex-works excl. VAT |
|
|
Mozambique TiO2>46% |
1050-1080 |
1050-1080 |
0 |
CNY/t, ex-works incl. VAT |
|
|
Imported Titanium Ore |
Vietnam Grade B ore |
185-195 |
185-195 |
0 |
USD/t, FOB |
|
Mozambique |
200-220 |
200-220 |
0 |
USD/t, CIF |
|
|
Australia 50% |
190-220 |
190-220 |
0 |
USD/t, CIF |
|
|
Rutile |
Sierra Leone TiO2>95% |
6000-6400 |
6000-6400 |
0 |
CNY/t, ex-works incl. VAT |
|
Sierra Leone TiO2>90% |
5000-5300 |
5000-5300 |
0 |
CNY/t, ex-works incl. VAT |
|
|
Titanium Slag |
Yunnan TiO2 74% |
3500-3600 |
3500-3600 |
0 |
CNY/t, ex-works incl. VAT |
|
Sichuan TiO2 74% |
3400-3500 |
3400-3500 |
0 |
CNY/t, ex-works incl. VAT |
|
|
Liaoning TiO2 87% (titania-rich material) |
— |
— |
— |
CNY/t, delivered incl. VAT |
|
|
Liaoning TiO2 90% (low Ca–Mg) |
4990 |
4990 |
0 |
CNY/t, delivered incl. VAT |
|
|
Southwest China TiO2 85% (low Ca–Mg) |
4850 |
4850 |
0 |
CNY/t, delivered incl. VAT |
|
|
Reduced Titanium |
≥55% |
3200-3300 |
3200-3300 |
0 |
CNY/t, ex-works offer incl. VAT |
|
Titanium Tetrachloride |
Liaoning ≥99.9% |
5700-5800 |
5700-5800 |
0 |
CNY/t, ex-works offer incl. VAT |
|
Sichuan ≥99.9% |
5600 |
5600 |
0 |
CNY/t, ex-works offer incl. VAT |
|
|
Hubei ≥99.9% |
5800-6000 |
5800-6000 |
0 |
CNY/t, ex-works offer incl. VAT |
|
|
Henan ≥99.9% |
5800-6000 |
5800-6000 |
0 |
CNY/t, ex-works offer incl. VAT |
|
|
Titanium Sponge |
Grade 0 |
4.1-4.3 |
4.1-4.3 |
0 |
CNY 10,000/t, offer incl. VAT |
|
Grade 1 |
4.0-4.2 |
4.0-4.2 |
0 |
CNY 10,000/t, offer incl. VAT |
|
|
Titanium Ingot |
TA1 (round billet) |
5.5-5.6 |
5.5-5.6 |
0 |
CNY 10,000/t, offer incl. VAT |
|
Titanium Dioxide |
Rutile, sulfate process |
11800-14100 |
11800-14100 |
0 |
CNY/t, ex-works incl. VAT |
|
Anatase |
11500-12300 |
11500-12300 |
0 |
CNY/t, ex-works incl. VAT |
|
|
Rutile, chloride process |
13500-16800 |
13500-16800 |
0 |
CNY/t, ex-works incl. VAT |
All prices are quoted on an ex-works / delivered basis and tax treatment as noted; imported ore is quoted in USD (FOB / CIF). "—" indicates no quotation available.
III. Industry Operating Rates
Titanium Ore
Affected by environmental inspections, some mines and beneficiation plants cut back or suspended production; operating rates in the titanium ore market were insufficient.
Titanium Dioxide
TiO2 producers raised their production loads, and market operating rates stayed at a high level.
Titanium Sponge
Titanium sponge producers ran essentially at full capacity, with market operating rates high.
Note: The original report is accompanied by charts showing China’s monthly TiO2 and titanium sponge output and the operating-rate trends of both products over 2025–2026 (data source: Tuduoduo). The charts are reproduced below as in the original.
Figure 1 · China TiO2 and titanium sponge: monthly output and operating-rate trends, 2025–2026 (labels shown in the language of the original; data source: Tuduoduo)
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