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 |