Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The market for titanium ore (ilmenite) has been weak, with a few small and medium mines continuing to drop their prices. Current transaction prices for small and medium manufacturers are around $300-$303 per ton, while the prices for 38-grade titanium ore are around $213-$218 per ton (excluding tax).
• Prices for imported titanium ore have remained steady, with Mozambique titanium ore priced at around $368 per ton and Kenyan 47%-49% grade ore priced at around $362 per ton. There is a tight balance in the supply of imported titanium ore, which maintains its steady price.
• The titanium slag market remains weak, with 90% low calcium and high titanium slag priced at around $1047 per ton, and 85% low calcium and high titanium slag priced at around $937 per ton. Despite high raw material prices, the market is under pressure due to weak downstream demand.
• The titanium tetrachloride market continues to operate stably, with current market prices around $868-$937 per ton. High raw material costs limit price adjustments.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market continues to be weak. Current prices for Chinese rutile titanium dioxide are around $2089-$2282 per ton, and anatase titanium dioxide is around $1952-$2006 per ton.
• Due to high raw material costs and significant cost pressures, there is limited space for price reductions. Some enterprises are seeing improved sales and have tight supplies for specific models. However, overall market conditions remain pressured with a cautious sentiment.

3. Market Forecast

• Downstream demand is weak, and some prices may continue to be weak.
• The market demand remains weak, and titanium dioxide prices will likely remain stable but under pressure.
• There is a potential for some price increases due to supply constraints and cost pressures.