According to Tu Duoduo's statistics,In August 2024, China's sponge titanium output was approximately 22,800 tons, a month-on-month decrease of 2.15%, and a year-on-year increase of 33.12%; from January to August 2024, the sponge titanium output was approximately 171,100 tons, a year-on-year increase of 18.90%, and the output increased by approximately 27,200 tons year-on-year.

The downstream is sluggish, demand for sponge titanium is poor, and corporate inventories are gradually increasing. In August, some individual full-process enterprises have adjusted the start of construction, and sponge titanium output declined slightly.

In August 2024, Sichuan, Liaoning and Yunnan, China's top three producing regions of titanium sponge in China, accounted for 23%, 20%, and 19% of China's total output respectively.

In August, the price of sponge titanium was chaotic, the downstream titanium market was weak, and the shipping pressure was high. The price dropped by 2,000 - 3,000 yuan/ton compared with the beginning of August. The market supply was oversupplied, and the inventory pressure of sponge titanium companies was high. Later production may continue to decline.