Group 1: Titanium Market Overview - The titanium ore price index in Panzhihua remains stable at 1775.00, with high raw material prices and insufficient market operations contributing to this stability [1] - The bidding price for low-calcium magnesium titanium slag in northern enterprises decreased by 100 yuan/ton to 5300 yuan/ton, indicating a weak market with both supply and demand declining [2] - The market price for titanium tetrachloride is stable at 4800-5550 yuan/ton, with a decrease in new orders and potential supply reductions from some companies [3] Group 2: Titanium Sponge and Titanium Dioxide - The price for first-grade titanium sponge is around 45,000-47,000 yuan/ton, while the zero-grade titanium sponge is priced at 46,000-48,000 yuan/ton, with stable market conditions and high operational levels for enterprises [4] - The titanium dioxide price index is steady at 13490.03, with weakened order intake and high production costs maintaining a firm price level [5] Group 3: Industry Operations - The supply of titanium ore in Panzhihua is tight, with insufficient operations at selection plants; Yunnan's production is affected by mining permit issues, and cold temperatures in Chengde are impacting overall domestic titanium ore operations [8] - The titanium dioxide industry is experiencing a decline in operational expectations due to maintenance plans from some companies around the Spring Festival [8] - Titanium sponge enterprises are maintaining high operational levels [8]

（来源：宝钛启明星） 文字丨王 丹 图片丨徐梦遥 制作丨鱼 蓓 刘 妍 责编丨刘俐彤 张静宇 （来源：宝钛启明星） 为深入贯彻落实集团十二届四次职代会暨2026年工作会具体工作安排，推进精益化成本管理走深走实，进一步凝聚全链条降本增效合力，夯实高质量发展 的成本管控根基，2月5日上午，集团在宾馆七楼学术讨论厅召开2026年度精益化成本管理工作启动会。集团党委书记、董事长王俭出席会议并作动员讲 话，集团副总经理陶海林主持会议。 王俭在讲话中指出，此次会议是落实陕西有色金属集团三届四次职代会、宝钛集团十二届四次职代会暨2026年工作会议精神，深化业财融合的重要举措， 更是企业应对市场竞争、实现高质量发展的必然要求。 结合集团发展全局情况，王俭从三个方面对精益化成本管理工作提出要求：一是把握形势任务，深化思想共识，切实增强精益化成本管理行动自觉。"十 五五"时期是集团实现新"两步走"战略、建设世界一流专业领军企业的关键阶段，面对钛行业"内卷式"竞争压力，必须从集团经营大局出发，瞄准成本管 控方面存在的不足和薄弱点划定主线、提出要求，以成本优势对冲市场风险。二是聚焦目标任务，精准靶向施策，推动精益化成本管理提质增效。 ...

Group 1: Titanium Market Overview - The titanium ore price index in Panzhihua remains stable at 1837.50, indicating a weak market sentiment with continued downward pressure expected [1] - High titanium slag bidding price in December is set at 5400 CNY/ton, down by 50 CNY/ton from November, reflecting ongoing market weakness and significant inventory levels [2] - The market price for titanium tetrachloride is quoted between 4800-5500 CNY/ton, with production costs rising, particularly in Henan and Hubei regions where prices have increased by 200 CNY/ton [3] Group 2: Titanium Sponge and Titanium Dioxide - The price for first-grade titanium sponge is around 45,000-47,000 CNY/ton, while some zero-grade titanium sponge is priced at 46,000-48,000 CNY/ton, indicating a stable market despite some factories reducing operating rates [4] - The titanium dioxide price index stands at 13183.68, with some companies increasing prices by 200-300 CNY/ton in December, although downstream demand remains cautious [5] Group 3: Industry Operations - Titanium ore supply is tight, leading to insufficient operating rates at selection plants [9] - Titanium dioxide production is operating at high capacity, with the market largely in a wait-and-see mode regarding future maintenance schedules [9] - Titanium sponge enterprises are operating at high levels, indicating strong production activity in this segment [9]