Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market weakened slightly this week, with both rutile and anatase grades falling by about $20/ton compared with last week.
• Major producers, including LB Group and other leading TiO₂ manufacturers, adjusted quotations downward following reduced demand and aggressive price competition in the downstream market.
• Procurement sentiment remained cautious amid sluggish order activity and rising production costs from sulfuric acid and ilmenite.

Product	Price Range (USD/ton)	Change vs Last Week
Rutile-grade TiO₂	$1,830 – $1,910	↓ $20
Anatase-grade TiO₂	$1,660 – $1,750	↓ $20

2. Titanium Dioxide Pigment Market Trends

• The TiO₂ market remains under downward pressure as demand continues to soften entering the off-season, with many buyers delaying purchases.
• Raw material costs remain elevated: sulfuric acid prices rose by about $7/ton this week to around $114–$126/ton in Zhejiang, driven by tight sulfur supply and stronger smelting acid demand.
• Ilmenite prices slipped roughly $7/ton, reflecting weaker downstream sentiment and production slowdowns, though high sulfuric acid prices continue to constrain cost reductions for pigment producers.

3. Market Forecast

• With both sulfuric acid costs rising and TiO₂ demand weakening, producers face a margin squeeze that could limit further price cuts in the short term.
• Operating rates at major plants remain high, creating mild inventory pressure, while smaller producers show reluctance to lower prices further.
• Overall, the market is expected to remain stable-to-weak through mid-November.

• For more reports: TiO₂ Market Report