Market Report
1. Titanium Dioxide (TiO2) Market Analysis
- The domestic titanium dioxide market continues to be sluggish, with current prices for Chinese rutile titanium dioxide are around $2112-$2180 per ton, and anatase titanium dioxide is around $1967-$2022 per ton.
- October’s titanium dioxide exports reached 154,300 tons, marking a 5.14% month-on-month increase. However, November’s export orders have seen a decline due to weakening global demand, leading to inventory pressure for manufacturers.
- Raw material costs, including sulfuric acid and ferrous sulfate, have risen, but ilmenite prices have only slightly decreased, pushing some producers to operate near cost lines.
2. Titanium Dioxide Pigment Market Trends
- Demand in the domestic market remains weak, with downstream buyers exhibiting cautious purchasing behavior. Manufacturers face significant pressure to reduce prices to boost sales.
- Export demand has also softened, particularly from key markets, impacting revenue for major players like the LB Group and other top titanium dioxide manufacturers.
- Despite cost pressures, price adjustments are limited as producers aim to manage inventory levels, balancing weak market demand and rising input costs.
3. Market Forecast
- The titanium dioxide market is expected to remain under pressure due to low seasonal demand and cautious downstream purchasing trends.
- Prices are likely to continue a weak and steady trend, with adjustments made on a case-by-case basis depending on market conditions.
- Inventory pressure and subdued export demand will challenge manufacturers, but rising costs may provide limited support for prices in the short term.
