Market Report

1. Titanium Dioxide (TiO2) Market Analysis

The titanium ore (ilmenite) market is experiencing weak demand, leading to a decrease in prices. Currently, prices for small and medium manufacturers are around $235-$242 per ton, with 38-grade titanium ore priced at approximately $154-$168 per ton (excluding tax).
Imported titanium ore prices are mixed, with Mozambique ore around $368 per ton (CIF), Vietnam ore at $292-$308 per ton (FOB), and Australian ore at $285-$305 per ton (CIF).
Titanium slag prices are soft: northern 90% low-calcium slag dropped to $935/ton (down $42); oversupply and downstream losses lead to high inventory and halted production. Sulfate slag in Sichuan remains at $813–$820/ton, but Yunnan’s prices are lower at $587–$650/ton due to weak seasonal demand.

The titanium dioxide pigment market is facing challenges, with current prices for Chinese rutile titanium dioxide at approximately $1,858-$1,998 per ton, and anatase titanium dioxide at $1,691-$1,785 per ton.
Demand remains weak, with high inventory levels contributing to price pressure. Top manufacturers are expected to lower prices further in July.
Sulfuric acid prices remain firm due to tight supply and maintenance expectations. In Hunan, ex-works 98% acid is $71–$84/ton; Yunnan delivery prices are $91–$98/ton. However, TiO2 producers feel margin pressure from high raw material costs, impacting acid procurement and production planning.

Titanium dioxide demand is expected to remain soft, with continued price pressure due to high inventory and weak downstream demand.
High raw material costs will limit price reduction potential, but weak domestic and international demand will exert pressure on prices.
Sponge titanium supply remains tight, supporting stable prices despite weak demand in some sectors.