Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium dioxide market has seen increased costs with raw material prices remaining high, particularly ilmenite, which affects production expenses for TiO2 manufacturers. Current prices for Chinese rutile-type titanium dioxide range between $2035 and $2132 per ton, while anatase-type prices are between $1815 and $1897 per ton.
• The market is experiencing a strong start-up in the downstream sector, but the high cost of raw materials.In particular, the price of sulfuric acid rose by 50% in a short period of time, bringing great cost pressure to titanium dioxide manufacturers.

2. Titanium Dioxide Pigment Market Trends

• There is a mixed sentiment in the market, with some manufacturers increasing prices due to high production costs. Ningbo Xinfu raised domestic titanium dioxide prices by $69 per ton and international prices by $70 per ton.
• The market demand has not met expectations, and this has led to general market stability with some manufacturers observing significant inventory pressures.
• Despite the high production costs, certain manufacturers are maintaining high production levels, although production in some facilities has been temporarily halted due to supply chain issues.

3. Market Forecast

• The titanium dioxide market is expected to remain stable in the short term, with potential slight increases in prices due to persistent high raw material costs.
• Export markets are likely to continue performing well, although domestic demand remains a concern.
• Manufacturers may continue to face pressure from high production costs, but prices are likely to stay firm given the current market conditions.