Titanium Dioxide Industry Perspective Weekly-2024-10-11 to 2024-10-18

Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium dioxide market is experiencing weak stability. Current prices for Chinese rutile titanium dioxide are around $2112-$2252 per ton, and anatase titanium dioxide is around $2009-$2064 per ton.
• Demand remains lackluster, resulting in large inventory pressures on manufacturers. Environmental regulations and equipment maintenance have led to reduced production in several regions, including Southwest China, East China, and Shandong.
• Despite high raw material costs, manufacturers face significant cost pressures. However, due to the weak domestic demand and the imposition of anti-dumping duties by Brazil on Chinese titanium dioxide, there is considerable pressure on export prices.

2. Titanium Dioxide Pigment Market Trends

• The market for titanium dioxide pigments is also under pressure, with several companies reducing prices to stimulate demand. The market remains subdued, with transactions being negotiated on a case-by-case basis.
• The imposition of anti-dumping duties by Brazil has added to the challenges faced by Chinese manufacturers. Duties include $578 per ton for LB Group and $654 per ton for Anhui Jin Xing, among others.
• Domestic trade continues to be sluggish, and manufacturers are struggling to balance production and sales, with operating rates hovering around 80%.

3. Market Forecast

• Downstream demand is expected to remain weak, leading to continued pressure on titanium dioxide prices.
• Manufacturers are likely to maintain reduced production levels due to environmental and market pressures.
• Export challenges, due to international trade measures, will continue to impact the market, requiring strategic adjustments by manufacturers.

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