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Titanium Dioxide Industry Perspective Weekly-2024-04-12 to 2024-04-19

Market Report

1. Price Trends

  • Ilmenite prices remained stable with a slight decrease in some high-priced ilmenite. The current transaction price for ilmenite from small and medium-sized manufacturers is around $314.94 – $317.69 per ton.
  • Prices for imported ilmenite remained stable, with Mozambique ilmenite priced at around $51.09 per ton and Kenyan ilmenite (47%-49%) priced at around $49.76 per ton.
  • Titanium dioxide prices remained weak. The current factory price for rutile titanium dioxide is around $2320- $2470 per ton, while the price for anatase titanium dioxide is around $2120 – $2190 per ton.

2. Market Influences

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Titanium dioxide market daily report on 2024-04-18

Recently, the titanium ore market has seen a weakening trend in new orders. With high titanium ore prices, downstream companies are under significant pressure, leading to a supply-demand game in the market. The high slag titanium slag market is on the low side. In April, the bidding price of the high slag market remained flat compared to the previous month, leading to high raw material costs and production pressure. The market operation rate is kept at a low level, with companies operating under pressure.

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Titanium dioxide market daily report on 2024-04-17

The price of titanium ore remains high, resulting in increased pressure on the costs of downstream businesses and a weak market condition. This has led to an observation-attitude towards the procurement of titanium ore. The market transaction is weak, and the production and sales of major factories in Panxi are basically balanced, with the quotation temporarily firm.

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Titanium dioxide market daily report on 2024-04-16

With the downstream market operating weakly, the pressure of high-priced shipments of titanium ore is increasing, leading to a slight downward adjustment of high-position quotations by some enterprises, resulting in a chaotic titanium ore market. Due to environmental inspections, the supply of titanium ore in Yunnan has decreased, temporarily stabilizing market prices. The high slag market is temporarily stable: in April, the tender price of the high slag market was stable month-on-month, and market demand was basically stable, maintaining steady market prices. In the Sichuan region, affected by environmental inspections, acid slag manufacturers have temporarily ceased production, and supply has decreased due to technological transformation plans in some factories.

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