In terms of titanium concentrate, the market in the Panxi region was quite stable in the first few weeks of the month. The overall state of the titanium ore market was satisfactory, and the price remained stable. The price of 38-grade titanium ore without tax was approximately 1,500-1,530 RMB/MT as of the 13th of January, while it was 2,220-2,260 RMB/MT for 46-grade titanium ore and 2,500-2,550 RMB/MT for 47-grade titanium ore.