Market Report

1. Price Trends

Ilmenite prices remained stable with a slight decrease in some high-priced ilmenite. The current transaction price for ilmenite from small and medium-sized manufacturers is around $314.94 – $317.69 per ton.
Prices for imported ilmenite remained stable, with Mozambique ilmenite priced at around $51.09 per ton and Kenyan ilmenite (47%-49%) priced at around $49.76 per ton.
Titanium dioxide prices remained weak. The current factory price for rutile titanium dioxide is around $2320- $2470 per ton, while the price for anatase titanium dioxide is around $2120 – $2190 per ton.

Due to high ilmenite prices and weakening downstream titanium dioxide market, companies are under significant cost pressure and are cautious about ilmenite procurement.
Yunnan ilmenite supply has decreased due to environmental inspections, but the market price remains stable.
The titanium dioxide market is operating at high capacity, but domestic demand is weak which may lead to increased inventory for companies.
Although the export market demand is good, the EU and India have launched an anti-dumping investigation against China. The future situation remains to be observed.

With high ilmenite prices and weak downstream demand, some prices are expected to weaken.
Given the weak demand in the titanium dioxide market, titanium dioxide prices are expected to weaken.
With stable demand for sponge titanium, prices are expected to remain stable.