Market Report

1. Price Trends

• The price of Titanium Dioxide (TiO2) remained high this week. The rutile type of TiO2 from China’s major manufacturers is priced between $2,282 and $2,431 per ton, while the anatase type is priced between $2,084 and $2,156 per ton.

2. Market Influences

• Despite the high prices, the market demand for TiO2 stays strong. The market is currently in a tight balance of supply and demand, with manufacturers maintaining high quotations and inventories not being high.
• With the arrival of March and the warming weather, market demand is expected to increase further. The market supply of TiO2 is tight and the market price is expected to remain stable.

3. Import Data

• The import market price for Titanium Ore is weakly stable. With the continuous arrival of imported Titanium Ore this year, the price of new imported Titanium Ore orders is weaker than the price in the fourth quarter of 2023. Currently, the price of Titanium Ore from Mozambique is around $51 per ton, while the price from Kenya is around $50 per ton.

4. TiO2 Pigment Market Dynamics

• The TiO2 market operates stably this week. Some factories are reducing production, but the overall market supply is adequate. Supported by the high prices of raw materials, the cost of TiO2 remains high.
• Due to the continuous increase in the TiO2 market in January and February, manufacturers still have orders in hand and the factory inventory remains at a low level.

5. Future Predictions

• Considering the tight supply of Titanium Ore, the price is expected to rise. The inventory of TiO2 is at a low level, so the price is expected to remain high. The demand for Sponge Titanium is stable, so the price is expected to remain firm.