Market Report
1. Titanium Dioxide (TiO2) Market Analysis
- The titanium ore (ilmenite) market is experiencing a weak trend, with minor price fluctuations. Prices for small and medium manufacturers are approximately $235-$245 per ton, while 38 grade titanium ore is priced around $154-$168 per ton (excluding tax).
- Imported titanium ore prices have shown a slight weakening, with Mozambique’s CIF price at $368 per ton, Vietnam’s FOB price at $290-$305 per ton, and Australia’s CIF price at $285-$305 per ton. Domestic market weakness is causing pressure on imported titanium ore prices.
2. Titanium Dioxide Pigment Market Trends
- The titanium dioxide pigment market remains weak, with Chinese rutile titanium dioxide priced around $1,821-$1,960 per ton, and anatase titanium dioxide at $1,653-$1,736 per ton. High raw material costs continue to exert pressure on production.
- There is significant inventory pressure and weak internal market demand, leading to competitive pricing and increased export challenges due to tariffs.
- The sulfuric acid market is stable, with prices in Zhejiang at $84-$92 per ton and in Henan at $78-$88 per ton. Supply is balancing out as production resumes, but demand remains cautious.
3. Market Forecast
- Weak downstream demand may cause continued price weakness in the titanium dioxide market.
- High inventory levels and export pressures will likely maintain the weak price trend.
- The sponge titanium market will remain stable due to balanced supply and demand.
- The market is full of expectations for the traditional peak season, and the weak market sentiment may be approaching an end.
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