Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore market remains weak with prices for small and medium manufacturers ranging from $274-$279 per ton for 46%-10%, and $305-$318 per ton for 47%-20% . Prices for 38% titanium are around $188-$196 per ton (excluding tax). There is limited demand, and some miners are struggling with stock sales.
• Imported titanium ore prices have remained relatively steady with Mozambique ore priced at around $368 per ton, and Kenyan 47-49% grade ore at around $362 per ton. However, downstream demand remains low, and some manufacturers are cautious with purchasing.
• With weak downstream demand and high raw material costs, the titanium ore market is expected to stay subdued, and price drops will be limited.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market is experiencing weak demand with prices for rutile titanium dioxide are around $2162-$2180 per ton, and anatase titanium dioxide is around $1917-$2022 per ton. The competition remains fierce with companies facing pressure on prices due to low demand and large inventories.
• Despite high production costs, titanium dioxide manufacturers are struggling with significant cost pressure. Production cuts and reduced output continue due to weak demand and the challenging market environment.
• There is also growing pressure on export prices due to anti-dumping investigations launched by the EU, India, and Brazil against Chinese titanium dioxide exports.

3. Market Forecast

• The overall demand for titanium dioxide remains weak, and prices are expected to remain weak as well.
• The market for titanium ore and titanium dioxide pigment is likely to continue its downward trend, with limited price adjustments expected in the near term.
• There are ongoing challenges in both domestic and international markets, with reduced production and cautious purchasing likely to continue.