Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained steady this week. Major producers, including LB Group and other leading TiO₂ manufacturers, held quotations firm amid cost pressure and sluggish downstream demand.
• Market sentiment stayed cautious, with limited new orders and weak transaction activity as the market enters the off-season.

2. Titanium Dioxide Pigment Market Trends

• Raw material costs continue to rise, particularly for sulfuric acid and ilmenite, which increased by around $42–$56/ton since early 2025.
• In Sichuan, 98% sulfuric acid ex-factory prices currently range from $114–$126/ton, reaching a multi-year high. Tight supply of smelting acid and rising sulfur prices further elevate costs.
• Downstream demand remains soft. Although large end-users lowered November tender prices by roughly $42/ton, most producers show limited willingness to cut due to persistent cost pressure.

3. Market Forecast

• TiO₂ prices are expected to trend slightly weaker in November under dual pressure from subdued demand and high feedstock costs.
• Operating rates remain high, and few producers have announced new maintenance shutdowns, which could increase near-term supply pressure.
• Overall, the market is likely to stay in a fragile balance between cost support and weak demand, maintaining a stable-to-soft tone through year-end.

• For more reports: TiO₂ Market Report