Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The market for titanium ore (ilmenite) has remained relatively stable, but there are indications of potential price increases due to tight supply and high production costs. Prices for domestic titanium ore have been rising, with current rates for small and medium manufacturers ranging from approximately $270-$284 per ton, and 38-grade titanium mid-ore priced at around $194-$198 per ton (excluding tax).
• Imported titanium ore prices are stable, with Mozambique titanium ore priced at approximately $368 per ton and Kenyan 47%-49% grade ore at around $362 per ton. Despite the high prices of domestic titanium ore, there is an increased demand for imported ore as domestic supply remains constrained.
• The high titanium slag market has seen a slight increase, with prices for 90% low calcium and high titanium slag at approximately $961 per ton. Production costs remain high due to increased prices of raw materials, which continue to exert pressure on market prices.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market has seen some price adjustments, with prices for Chinese rutile titanium dioxide ranging from $1935-$2030 per ton, and anatase titanium dioxide between $1744-$1852 per ton. Some enterprises have increased prices due to tight supplies and high production costs, despite weak downstream demand.
• As the end of the year approaches, some enterprises are reducing inventories and undergoing routine maintenance, leading to decreased production levels and tighter market supplies. This has contributed to a slight increase in prices for some new orders.
• Although raw material costs are high, the market sentiment is cautiously optimistic. Enterprises are maintaining stable operations, with some reporting improved sales as they manage existing inventory levels.

3. Market Forecast

• There is potential for further price increases in the titanium ore market due to tight supply and production cost pressures.
• The titanium dioxide pigment market is expected to remain stable, with some potential for price firmness due to reduced inventories and ongoing production adjustments.
• The sponge titanium market is projected to maintain its stability, with current prices expected to hold as production levels increase.