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.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s TiO₂ market showed a clear upward pricing shift this week as upstream cost pressures intensified, particularly from sulfuric acid and ilmenite, pushing producers into deeper negative margins.
• As of November 27, domestic sulfuric acid spot prices continued to rise, with Hunan prices for 98% acid reaching 800–900 RMB/ton and Guangdong prices at 880–950 RMB/ton.
• In response, 14 major TiO₂ producers in China simultaneously announced price increases of $100/ton for both domestic and international markets, citing cost inflation and inventory depletion concerns.
• Despite weak downstream demand, cost-push forces are expected to support a firm pricing stance across the sector in the near term.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s TiO₂ market became increasingly volatile this week as cost pressure surged and mixed signals emerged regarding production cuts and pricing intentions.
• Rising sulfuric acid and ilmenite costs pushed TiO₂ production into deeper losses, with estimated negative margins of $210–$280/ton per ton of pigment produced.
• Despite weak demand, major producers — including LB Group and other top TiO₂ manufacturers — kept quotations firm, and some plants in Shandong and Jiangsu raised prices by $28–$42/ton due to cost pressure.
• Meanwhile, a few producers issued small price cuts earlier in the week, reflecting the ongoing tug-of-war between cost-push pressure and declining demand.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s TiO₂ market shows weak sentiment this week, with limited new orders and most producers executing previous contracts.
• Top manufacturers, including leading TiO₂ producers such as LB Group, held prices stable overall, though market activity remains subdued.
• Despite soft demand, inventories at major plants remain manageable, supported by high raw-material costs (sulfuric acid and ilmenite).

2. Titanium Dioxide Pigment Market Trends

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 $30/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.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained steady this week. Major producers, including LB Group and other leading TiO₂ manufacturers, held quotations firm amid cost pressure and sluggish downstream demand.
• Market sentiment stayed cautious, with limited new orders and weak transaction activity as the market enters the off-season.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained broadly stable this week. Leading producers, including LB Group, held prices firm amid rising raw material costs.
• Most top TiO₂ manufacturers face limited new orders in the second half of October, with weak transaction activity despite high operational rates and manageable inventories.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• The titanium dioxide market in China remained broadly stable this week. See the table below for current market prices and weekly changes:

• Top TiO₂ manufacturers, including LB Group, have maintained firm pricing policies to offset rising raw material costs such as ilmenite and sulfuric acid. However, downstream buyers continue to resist higher prices, limiting actual transaction volumes.
• Despite cost pressure, inventory levels at most producers remain manageable, with no significant stock accumulation, indicating a cautious but controlled production strategy across major suppliers.

2. Titanium Dioxide Pigment Market Trends

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

Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• Chinese rutile titanium dioxide prices remain stable at about $1,844–$1,914 per ton (tax included).
• Anatase titanium dioxide is quoted at around $1,691–$1,719 per ton (tax included).
• Despite weak domestic demand and cautious procurement, factories are mainly fulfilling previous orders with limited new sales pressure.

2. Titanium Dioxide Pigment Market Trends