Titanium Dioxide Industry Perspective Weekly-2024-12-16 to 2024-12-23

Market Report

1. Titanium Dioxide (TiO2) Market Analysis

• The titanium dioxide market remains stable but weak, with current prices for Chinese rutile titanium dioxide ranging from approximately $1,939 to $2,064 per ton, and anatase titanium dioxide priced between $1,745 and $1,856 per ton.
• Downstream demand continues to be sluggish, leading to significant pressure on market shipments and increasing inventory levels for some enterprises.
• Despite the slight reduction in titanium ore prices, production costs remain high, causing enterprises to operate near their cost lines.

2. Titanium Dioxide Pigment Market Trends

• The market is experiencing low demand, causing a cautious approach from enterprises when accepting orders. Some companies have recently canceled discounts due to inventory pressure.
• With the upcoming Chinese New Year holiday, some enterprises plan maintenance shutdowns lasting about 20 days, impacting production levels.
• Large manufacturers, such as LB Group, are maintaining stable prices amid the challenging market conditions.

3. Market Forecast

• The demand for titanium dioxide remains weak, and prices are expected to continue operating weakly.
• Enterprises are likely to manage inventories cautiously, with some planning maintenance to adjust production to align with demand.
• Market participants are observing closely, with a cautious outlook on new price adjustments and orders.

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