Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore (ilmenite) market is experiencing weak demand, leading to a decrease in prices. Currently, prices for small and medium manufacturers are around $235-$242 per ton, with 38-grade titanium ore priced at approximately $154-$168 per ton (excluding tax).
• Imported titanium ore prices are mixed, with Mozambique ore around $368 per ton (CIF), Vietnam ore at $292-$308 per ton (FOB), and Australian ore at $285-$305 per ton (CIF).
• Titanium slag prices are soft: northern 90% low-calcium slag dropped to $935/ton (down $42); oversupply and downstream losses lead to high inventory and halted production. Sulfate slag in Sichuan remains at $813–$820/ton, but Yunnan’s prices are lower at $587–$650/ton due to weak seasonal demand.

2. Titanium Dioxide Pigment Market Trends

• The titanium dioxide pigment market is facing challenges, with current prices for Chinese rutile titanium dioxide at approximately $1,858-$1,998 per ton, and anatase titanium dioxide at $1,691-$1,785 per ton.
• Demand remains weak, with high inventory levels contributing to price pressure. Top manufacturers are expected to lower prices further in July.
• Sulfuric acid prices remain firm due to tight supply and maintenance expectations. In Hunan, ex-works 98% acid is $71–$84/ton; Yunnan delivery prices are $91–$98/ton. However, TiO2 producers feel margin pressure from high raw material costs, impacting acid procurement and production planning.

3. Market Forecast

• Titanium dioxide demand is expected to remain soft, with continued price pressure due to high inventory and weak downstream demand.
• High raw material costs will limit price reduction potential, but weak domestic and international demand will exert pressure on prices.
• Sponge titanium supply remains tight, supporting stable prices despite weak demand in some sectors.