Market Report
1. Titanium Dioxide (TiO2) Market Analysis
- The titanium dioxide market is experiencing a downtrend, with prices continuing to decline. Top manufacturers have seen significant price reductions, with high prices dropping by approximately $195 per ton.
- Current prices for rutile titanium dioxide in China are between $1,862 and $2,044 per ton, and for anatase titanium dioxide, prices range from $1,695 to $1,807 per ton.
- The price reductions are largely driven by weak downstream demand and high inventory pressure. Additionally, ongoing production cuts and maintenance by several manufacturers are contributing to reduced output.
2. Titanium Dioxide Pigment Market Trends
- The titanium dioxide pigment market remains under pressure due to subdued demand and significant cost pressures from raw materials.
- Although there is limited room for further price reductions, weak domestic demand and international trade pressures, such as anti-dumping investigations, are affecting export prices.
- Meanwhile, the sulfuric acid market has generally maintained strong performance, with prices in regions like Guizhou and Hubei ranging from $84 to $98 per ton. The tight supply and stable demand in certain sectors have supported these price levels.
3. Market Forecast
- Downstream demand is expected to remain weak, which will likely keep titanium dioxide prices under pressure.
- With ongoing high raw material costs, there is limited potential for further price reductions despite the weak market.
- The balance of supply and demand for sponge titanium is precarious, suggesting that prices may continue to be stable in the near term.
