Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

China’s titanium dioxide market weakened slightly this week, with both rutile and anatase grades falling by about $20/ton compared with last week.
Major producers, including LB Group and other leading TiO₂ manufacturers, adjusted quotations downward following reduced demand and aggressive price competition in the downstream market.
Procurement sentiment remained cautious amid sluggish order activity and rising production costs from sulfuric acid and ilmenite.

Product	Price Range (USD/ton)	Change vs Last Week
Rutile-grade TiO₂	$1,830 – $1,910	↓ $20
Anatase-grade TiO₂	$1,660 – $1,750	↓ $20

The TiO₂ market remains under downward pressure as demand continues to soften entering the off-season, with many buyers delaying purchases.
Raw material costs remain elevated: sulfuric acid prices rose by about $7/ton this week to around $114–$126/ton in Zhejiang, driven by tight sulfur supply and stronger smelting acid demand.
Ilmenite prices slipped roughly $7/ton, reflecting weaker downstream sentiment and production slowdowns, though high sulfuric acid prices continue to constrain cost reductions for pigment producers.

With both sulfuric acid costs rising and TiO₂ demand weakening, producers face a margin squeeze that could limit further price cuts in the short term.
Operating rates at major plants remain high, creating mild inventory pressure, while smaller producers show reluctance to lower prices further.
Overall, the market is expected to remain stable-to-weak through mid-November.