Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• This week, China’s TiO₂ market recorded price increases equivalent to USD 28–98/ton, driven mainly by rising sulfuric acid and ilmenite costs.
• Producers continue to face significant cost pressure and negative margins, particularly for sulfate-route production, where sulfuric acid cost escalation is severe.
• Large TiO₂ manufacturers raised new-order quotations, though most plants remain focused on fulfilling existing contracts.
• Downstream demand is still sluggish, but producers are maintaining firm pricing thanks to strong upstream cost support and expectations of further production adjustments.
• Market sentiment remains cautious as buyers await major tender results for the month.

Product	Price Range (USD/MT)	Change vs Last Week
Rutile-grade TiO₂ (incl. tax)	$1,930 – $2,010	No change
Anatase-grade TiO₂ (incl. tax)	$1,760 – $1,850	No change

2. Titanium Dioxide Pigment Market Trends

• Sulfuric acid costs continued to rise, further increasing pressure on sulfate-route producers.
• Industry operating rates are uneven: some plants restarted production, while others initiated maintenance due to high costs.
• New-order demand remains soft, but pigment producers are holding prices firm because upstream raw material costs continue to escalate.
• The market is currently in a wait-and-see stage ahead of major downstream tenders.

3. Market Forecast

• Cost Support: Rising sulfuric acid and ilmenite costs will continue to form the main driver supporting firm TiO₂ pricing.
• Supply Adjustments: Maintenance shutdowns and fluctuating operating rates may tighten supply and support stable-to-firm prices.
• Demand Weakness: Downstream demand in coatings, plastics, and chemicals remains weak, limiting strong upward momentum.
• Short-Term Outlook: TiO₂ prices are expected to stay firm or rise modestly under ongoing cost-push pressure.

• For more reports: TiO₂ Market Report