SunSirs:The Domestic Titanium Dioxide Market Remained Stable Last Week (October 20-24)

Price trend

Taking the sulfuric acid method rutile titanium dioxide with a large volume of goods in the domestic market as an example, data from SunSirs showed that the domestic titanium dioxide market remained stable last week, with an average price of 13,860 RMB/ton.

Analysis review 

The domestic titanium dioxide market remained stable last week. Demand was temporarily weak, with new order inquiries remaining modest and firm orders cautious. Some companies were still prioritizing orders based on existing deliveries. High raw material production costs and market competition in upstream and downstream markets resulted in a relatively stagnant market, with many adopting a wait-and-see approach. As of October 24, domestic rutile titanium dioxide produced by the sulfuric acid process was priced between 13,200 and 14,200 RMB/ton; anatase was around 12,000-12,500 RMB/ton; and chloride-process titanium dioxide was priced between 13,600 and 16,500 RMB/ton. Actual transaction prices were negotiated on a case-by-case basis.

Market outlook

SunSirs’ titanium dioxide analysts believe the domestic titanium dioxide market primarily consolidated last week. Inventory pressure was minimal, with a strong wait-and-see sentiment and cautious trading. It is expected that titanium dioxide will remain stable in the short term, and the actual transaction price will be negotiated on a case-by-case basis.

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