Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore (ilmenite) market remains weak, with some small and medium manufacturers reducing prices. Current transaction prices for small and medium manufacturers are around $315-$319 per ton, while 38-grade titanium ore prices are around $229-$233 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. Despite high domestic ore prices, the overall market demand remains weak, and enterprises are cautious in their procurement.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market remains stable. At the beginning of the week, the LB Group announced an increase in the export price of titanium dioxide by $100 per ton. Currently, prices for Chinese rutile titanium dioxide are around $2162-$2302 per ton, and anatase titanium dioxide is around $2049-$2104 per ton.
• Despite high raw material costs supporting titanium dioxide prices, the market demand is weak, especially in the Southwest region due to high temperatures affecting downstream operations. The market remains sluggish, and many enterprises are not optimistic about future demand.

3. Market Forecast

• Titanium ore supply remains tight, and prices are expected to stay stable.
• Due to high raw material costs, titanium dioxide prices are expected to remain weak but stable.
• As leading companies announced price increases, the activity of the international market has increased significantly
• There is an imbalance in the supply and demand of sponge titanium, and prices are expected to remain weak.