Market Report
1. Titanium Dioxide (TiO2) Market Analysis
- The titanium dioxide market is under pressure due to high raw material costs. Current prices for rutile-type titanium dioxide are around $1821-$1959 per ton, and anatase-type titanium dioxide is around $1653-$1736 per ton.
- Despite the high costs, titanium ore (ilmenite) prices remain firm, affecting the production costs of titanium dioxide manufacturers, including leading companies like the LB Group.
2. Titanium Dioxide Pigment Market Trends
- The titanium dioxide pigment market is experiencing a downturn, with significant inventory pressure on manufacturers. Prices have been reduced by $42-$70 per ton by major manufacturers to stimulate demand.
- Sulfuric acid prices are rising, currently at $91-$117 per ton, further increasing the production costs for titanium dioxide manufacturers. This is adding additional strain on the market.
3. Market Forecast
- The titanium dioxide market is expected to remain weak due to ongoing inventory pressures and weak downstream demand.
- Despite high raw material costs, price reductions by manufacturers may provide temporary relief but are not expected to significantly alter the market trend.
- Overall, the titanium dioxide market is likely to continue facing challenges in balancing supply and demand.
- If you want to view more industry information, you can follow our official website https://tinoxchem.com/category/tio2_market_report/
