Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The market for titanium ore (ilmenite) has seen high prices, with small and medium manufacturers quoting prices between $312 and $317 per ton for 46%, 10 titanium ore, and between $336 and $350 per ton for 47%, 20 titanium ore. The price for 38% titanium middle ore is between $227 and $231 per ton (excluding tax).
• Imported titanium ore prices have remained stable. Mozambique titanium ore is priced at around $368 per ton, and Kenyan 47%-49% grade ore is priced at around $362 per ton. Despite high downstream costs, the market remains tight, and prices for imported ore continue to be firm.
• The high titanium slag market remains weak. Northern enterprises have started a new round of bidding with decreased demand compared to July. The supply of high slag remains sufficient, and market prices are low, ranging from $810 to $820 per ton. Despite high raw material costs, the price of high slag is not expected to decrease significantly.
• The titanium tetrachloride market is stable, with current market prices ranging from $882 to $953 per ton. The cost pressure from low liquid chlorine prices is alleviating, but the transaction volume remains stable, maintaining a balanced supply and demand relationship.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market is marked by a cautious atmosphere. Current prices for Chinese rutile titanium dioxide are between $2124 and $2236 per ton (tax included), while anatase titanium dioxide prices range from $1983 to $2039 per ton (tax included).
• The market is weak due to sluggish demand in the coatings and paper industries, influenced by anti-dumping investigations and economic factors. Major manufacturers, like LB Group, had better orders in July due to favorable policies and European demand, but terminal demand remains weak.
• Despite high raw material costs, titanium dioxide prices remain firm. Some enterprises in Southwest, East, and Northeast China have undergone maintenance, but most have returned to full production capacity. Market prices are negotiated on a case-by-case basis due to low demand and increased supply.

3. Market Forecast

• Titanium ore supply remains tight, and market prices are expected to remain firm.
• Weak demand and high costs will keep titanium dioxide prices firm, but there is pressure for price increases.
• Weak demand for sponge titanium will likely keep prices steady at low levels.