Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore (ilmenite) market remains weak. Prices for small and medium manufacturers are around $243-$249 per ton, while 38-grade titanium ore prices range from $165-$175 per ton (excluding tax).
• Imported ilmenite prices are stable, with Mozambique titanium ore at about $368 per ton CIF and Vietnam ore at $360 per ton FOB. Despite high domestic ore prices, imported ore demand remains steady.
• The titanium slag market is weak, with 90% low calcium and high titanium slag priced at $934 per ton. High raw material costs maintain production cost pressures.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market is weak, with rutile titanium dioxide priced at $1865-$2047 per ton, and anatase titanium dioxide at $1707-$1809 per ton.
• High raw material costs and environmental factors are causing price pressures, with some enterprises maintaining reduced production. The impact of the EU, India, and Brazil’s anti-dumping investigations on export prices adds strain.
• Sulfuric acid prices have seen narrow adjustments, with some regions experiencing slight price increases due to low inventory and good demand from sectors like phosphate fertilizer production.

3. Market Forecast

• Downstream demand remains weak, leading to continued price weakness in some sectors.
• Limited support for titanium dioxide prices due to high raw material costs, but weak domestic and export demand pressures persist.
• Supply and demand imbalances in the sponge titanium market suggest continued price weakness.