Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The market for titanium ore (ilmenite) has been weak, with a few small and medium mines continuing to hold their prices. Current transaction prices for small and medium manufacturers are around $297-$303 per ton for 46% TiO2 ore, and $338-$352 per ton for 47% TiO2 ore. Prices for 38%-42% grade titanium ore are around $210-$214 per ton (excluding tax).
• Prices for imported titanium ore have remained steady, with Mozambique titanium ore priced at around $368 per ton and Kenyan 47%-49% grade ore priced at around $362 per ton. There is a good demand for imported titanium ore despite domestic ore prices being high and a strong start-up in the downstream market. However, the supply of some imported titanium ore remains tight.
• The titanium slag market remains weak, with 90% low calcium and high titanium slag priced at around $1076 per ton. Due to high raw material prices, production costs for high slag are high. However, with weak downstream prices, the high slag market price may continue to be weak.
• The titanium tetrachloride market continues to operate stably, with current market prices around $869-$939 per ton. Due to insufficient start-ups and low prices of titanium tetrachloride, enterprises are reducing or halting production.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market continues to be weak. Current prices for Chinese rutile titanium dioxide are around $2092-$2285 per ton, and anatase titanium dioxide is around $1954-$2052 per ton.
• Due to weak demand, large inventory pressure, and environmental impact, some enterprises are undergoing maintenance, resulting in reduced titanium dioxide output. It is estimated that the market repair in June will affect about 13,000-15,000 tons, and there are plans for further repairs in July.
• Despite high raw material costs and significant cost pressures for enterprises, there is some support for titanium dioxide prices and limited space for price reductions. However, with weak domestic demand and anti-dumping investigations launched by the European Union, India, and Brazil against China (titanium dioxide), there is some pressure on domestic titanium dioxide export prices.

3. Market Forecast

• Downstream demand is weak, and some prices will continue to be weak.
• The market demand is weak, and titanium dioxide prices will continue to be weak.
• There is an imbalance in the supply and demand of sponge titanium, and prices will remain weak.