Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The market for titanium ore (ilmenite) has been weak, with prices experiencing slight declines. Current transaction prices for small and medium manufacturers are around $309.33-$313.77 per ton, while the prices for 38-grade titanium ore are around $220.85-$227.84 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 good demand for imported titanium ore despite high domestic ore prices and significant cost pressures in the downstream market. However, the supply of some imported titanium ore remains tight.
• The titanium slag market remains weak, with high titanium slag priced at around $818.36-$826.09 per ton. Due to high raw material prices, production costs for high slag are elevated. However, with weak downstream prices, the high slag market price may continue to be weak.
• The titanium tetrachloride market continues to operate stably, with current market prices around $801.83-$900.18 per ton. Due to insufficient start-ups and high raw material costs, enterprises face significant production pressure.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market continues to be weak. Current prices for Chinese rutile titanium dioxide are around $2162-$2302 per ton, and anatase titanium dioxide is around $2049-$2104 per ton.
• Due to weak demand and large inventory pressure, some enterprises have already started overhauling, resulting in reduced titanium dioxide output. The market is expected to remain weak in the near future.
• Despite high raw material costs and significant cost pressures for enterprises, there is some support for titanium dioxide prices and limited space for price reductions. However, weak domestic demand and international market pressures, including anti-dumping investigations, may impact export prices.

3. Market Forecast

• Titanium ore supply remains tight, and prices are expected to stay stable.
• Due to high raw material costs, titanium dioxide prices are expected to remain weak but stable.
• As leading companies announced price increases, the activity of the international market has increased significantly
• There is an imbalance in the supply and demand of sponge titanium, and prices are expected to remain weak.