Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• Domestic ilmenite prices remain firm after the holidays. Ilmenite with 46% TiO₂ content (commonly referred to as 46/10 grade) produced by small to mid-sized suppliers is priced at approximately $237.5–$244.7/ton. Mid-grade 38% TiO₂ ilmenite is quoted at $160.7–$174.7/ton (excl. tax), while high-grade 47% TiO₂ ilmenite (47/20 grade) is priced at $251.5–$274.6/ton. Although major producers like Pangang have ramped up shipments, production halts at some TiO₂ pigment plants in October have created headwinds for downstream consumption.
• Despite some producers announcing price hikes, smaller miners’ quotes are temporarily stable. Downstream TiO₂ market saw another wave of price increase letters, which is a positive sign. However, due to cautious procurement and a strong wait-and-see sentiment, short-term ilmenite prices are expected to remain firm.

2. Titanium Dioxide Pigment Market Trends