Market Report
1. Titanium Dioxide (TiO2) Market Analysis
- The market for titanium ore (ilmenite) has been weak, with a few small and medium mines continuing to hold their prices. Current transaction prices for small and medium manufacturers are around $297-$303 per ton for 46% TiO2 ore, and $338-$352 per ton for 47% TiO2 ore. Prices for 38%-42% grade titanium ore are around $210-$214 per ton (excluding tax).
- Prices for imported titanium ore have remained steady, with Mozambique titanium ore priced at around $368 per ton and Kenyan 47%-49% grade ore priced at around $362 per ton. There is a good demand for imported titanium ore despite domestic ore prices being high and a strong start-up in the downstream market. However, the supply of some imported titanium ore remains tight.
- The titanium slag market remains weak, with 90% low calcium and high titanium slag priced at around $1076 per ton. Due to high raw material prices, production costs for high slag are high. However, with weak downstream prices, the high slag market price may continue to be weak.
- The titanium tetrachloride market continues to operate stably, with current market prices around $869-$939 per ton. Due to insufficient start-ups and low prices of titanium tetrachloride, enterprises are reducing or halting production.
2. Titanium Dioxide Pigment Market Trends
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