From the perspective of the raw material price of sponge titanium, the price of magnesium ingots rose by about RMB 300/tonne, and the price of titanium tetrachloride in some regions fluctuates. At present, the changes in the prices of the two raw materials are obviously not enough to stimulate the increase of RMB 5,000 per ton of sponge titanium. Inventory is tight, and the expected increase in raw material prices in the future may be the main reason for the increase in the price of titanium sponge in the current round. At present, the price of titanium tetrachloride is relatively stable, but with the suspension of overhaul of large titanium tetrachloride enterprises, it will lead to tight supply, which will lead to a rise in the price of titanium tetrachloride. The specific increase is unpredictable. At present, most sponge titanium companies have low stocks. In the event that the cost of raw materials is about to rise, the continuation of previous price orders may lead to operational risks. Once raw material prices have increased tremendously, the production costs incurred will only be absorbed by sponge titanium companies. . At present, titanium sponge companies are the first to increase prices, and reserve the ability to resist the rise in raw material prices, which is also an understandable business model.