Many participants believed that the titanium concentrate market would be stable though the downstream TiO2 was still going down and Panzhihua production rate was not enough. The titanium dioxide market was still in trouble. The mainstream assessment for rutile TiO2 was at Yuan 9500/ton. The high slag market was still pessimistic. The northeast 92 high slag was Yuan 4000/ton. The titanium tetrachloride was stablized at Yuan 4300/ton. The sponge market was going down sharply since November, and the first grade sponge was at the historical bottom since the last year, with some below Yuan 40,000. The panic was wide-spread. Many titanium product manufacturers were regret for early purchase. Buyers were waiting for the futhuer drop. All sponge producers would be at a loss if the sponge went beneath Yuan 44,000/ton. Some producers chose to resist, so the market was in a stalemate.