Market Report

1. Price Trends

• The price of titanium dioxide (TiO2) pigment has seen an increase, especially in small and medium mines, with the price hovering between $312 to $316 per ton.
• The price of ilmenite, a crucial raw material for TiO2, has also seen a slight increase, with prices ranging from $219 to $344 per ton for various quality grades.

2. Market Influences

• The market is slowly recovering from the holiday period with some orders from before the holiday still being processed. However, new orders seem to be relatively weak.
• Due to the rise in the price of raw materials, the cost pressure on slag companies is relatively high.

3. Market Dynamics

• Despite the cost pressure, the market for TiO2 pigment remains strong with prices holding firm due to the rising cost of ilmenite.
• Major manufacturers such as the LB Group are maintaining normal operations with stable market supply.

4. Future Outlook

• With the raw material supply for TiO2 remaining tight, it is expected that the price of titanium dioxide will continue to hold steady at a high level.
• As the demand for TiO2 increases in the coming months, due to the arrival of the peak season, manufacturers are expected to continue to maintain a strong price quote.