Titanium Dioxide Industry Perspective Weekly-2024-10-08 to 2024-10-12

Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium ore (ilmenite) market is experiencing tight supply, causing prices to remain stable. Current prices for titanium ore are $304-$310 per ton for 46,10 grade and $326-$333 per ton for 47,20 grade.
• Imported titanium ore prices are stable, with Mozambique ore priced at approximately $368 per ton and Kenyan 47-49 grade ore at $362 per ton.
• The titanium slag market remains weak due to oversupply and low demand, with prices under pressure from low rutile prices.

2. Titanium Dioxide Pigment Market Trends

• Titanium dioxide pigment prices have decreased by $28-$42 per ton post-holiday. Current prices for Chinese rutile titanium dioxide are around $2112-$2252 per ton, and anatase titanium dioxide is around $2009-$2064 per ton.
• Leading manufacturers like the LB Group have lowered prices for both sulfate and chloride process TiO2 by $28-$42 per ton, following the general market trend.
• Weak end-user demand and high raw material costs continue to apply pressure on production, leading to reduced output as some companies have begun maintenance shutdowns.

3. Market Forecast

• Ilmenite supply will remain tight, and prices are expected to stay stable.
• The titanium dioxide market remains weak, with prices expected to hold at lower levels.
• Sponge titanium production is decreasing, maintaining weak price stability.

Source & Copyright: @TIO2PROtio2.pro