Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

China’s TiO₂ market shows weak sentiment this week, with limited new orders and most producers executing previous contracts.
Top manufacturers, including leading TiO₂ producers such as LB Group, held prices stable overall, though market activity remains subdued.
Despite soft demand, inventories at major plants remain manageable, supported by high raw-material costs (sulfuric acid and ilmenite).

Product	Price Range (USD/ton)	Change vs Last Week
Rutile-grade TiO₂	$1,830 – $1,910	No change
Anatase-grade TiO₂	$1,660 – $1,750	No change

Low-season demand persists, with distributors and end-users reluctant to increase procurement.
Sulfuric acid prices continue to rise sharply due to tight sulfur supply, creating strong cost pressure for TiO₂ producers.
Domestic ilmenite supply tightened again this week, keeping ore prices firm even as imported ilmenite faces weaker sentiment.
High feedstock costs prevent large-scale price reductions in TiO₂ despite weak demand.

Cost Support: Rising sulfuric acid and firm domestic ilmenite supply will continue to support TiO₂ production costs.
Price Outlook: TiO₂ prices expected to remain stable-to-weak, with limited downward space due to elevated production costs.
Demand Outlook: No significant recovery in downstream demand is expected in the short term; buying activity will stay conservative.
Producer Behavior: Major producers, including LB Group, are likely to maintain steady price policies to preserve margins and control inventory pressure.