Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained stable during the seasonal off-peak period, with most producers focusing on fulfilling existing orders rather than pushing new sales.
• Domestic demand softened as some downstream plants in northern China gradually entered holiday shutdowns, while earlier demand had already been partially front-loaded.
• Despite weak spot transactions, inventory levels at producers remain low, providing underlying support to current TiO₂ prices.

Product	Price Range (USD/MT)	Change vs Last Week
Rutile-grade TiO₂ (incl. tax)	$1,970 – $2,050	Stable
Anatase-grade TiO₂ (incl. tax)	$1,800 – $1,890	Stable

2. Titanium Dioxide Pigment Market Trends

• Cost pressure remains significant. Although sulfuric acid prices showed mixed regional adjustments, overall price levels stayed high, keeping sulfate-route TiO₂ production costs elevated.
• High ilmenite and sulfuric acid costs continue to limit producers’ pricing flexibility, discouraging aggressive discounting.
• Export demand remains relatively healthy, helping offset weak domestic consumption and supporting operating stability.
• Top titanium dioxide manufacturers (“钛白龙企”, including LB Group) are expected to release new policy signals later this month, reinforcing market caution.

3. Market Forecast

• Short-term upward signals are emerging. Chloride-route TiO₂ prices may increase as early as next week, supported by cost-side pressure and tight upstream supply.
• Ilmenite prices are also likely to edge higher, further raising production costs and strengthening price support for TiO₂.
• However, February trading activity may slow sharply due to the Lunar New Year holiday, potentially leading to a temporary pause in market transactions.
• During the holiday period, attention will shift to raw-material price movements, particularly sulfuric acid and ilmenite, which may set the tone for post-holiday TiO₂ pricing.

• For more reports: TiO₂ Market Report