Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• Chinese rutile titanium dioxide prices are currently between approximately $1834-$1904 per ton, and anatase titanium dioxide is priced at around $1680-$1709 per ton. The recent price increase reflects rising raw material costs and market influences.
• Despite the pressure on prices, domestic market confidence remains low. Some enterprises have raised prices without issuing formal notices, and inventory levels have decreased this month.
• ilmenite costs remain stable, while sulfuric acid prices have declined in some regions, which helps to alleviate some of the cost pressures faced by titanium dioxide producers.

2. Titanium Dioxide Pigment Market Trends

• The TiO₂ pigment market saw new price increase announcements this week. Major producers such as Tianyuan, Taihai, and Guocheng issued letters raising titanium dioxide prices. Domestic prices were generally hiked by about $70 per ton, and export prices by $30-$60 per ton.
• Titanium dioxide inventories at producers have fallen this month, and many companies are implementing the new higher September prices (some even raised prices without formal notices). Earlier maintenance outages have ended at some plants, but one leading producer, LB Group, is gradually halting its Hubei plant this month. Meanwhile, newly added TiO₂ capacity is ramping up, and overall industry operating rates have increased over the past two months. Despite more output returning, the recent price hikes indicate producers’ confidence, and most manufacturers have successfully enforced the increases for September.
• Raw material and cost dynamics are shifting. ilmenite costs remain stable, while sulfuric acid prices have declined in some regions, which helps to alleviate some of the cost pressures faced by titanium dioxide producers.In Sichuan, for example, the price of sulfuric acid in Yunnan province decreased by 60 yuan per ton. The price in Panzhihua remained unchanged. Coupled with some titanium dioxide capacity shutdowns overseas tightening global supply, these factors provide support for domestic TiO₂ prices. Multiple influences combined – including lower costs and reduced international competition – suggest that certain TiO₂ product prices could continue to move upward in the near term.

3. Market Forecast

• ilmenite: With both supply and demand remaining weak, titanium ore prices are likely to stay at current levels.
• Titanium dioxide: TiO₂ pigment inventories have declined and producers have raised prices, so domestic TiO₂ prices are expected to stay firm or continue rising.
• The imbalance in supply and demand for sponge titanium suggests continued weak pricing in the market.

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