September 09, 2024 – In August, the domestic titanium dioxide market underwent a slight price adjustment. Despite the continuous rise in the price of raw material titanium concentrate and the maintenance of high sulfuric acid prices, which provided strong cost support for titanium dioxide, the sluggish downstream demand remained unchanged. The market sentiment remained cautious, resulting in inactive trading.
According to the Color Masterbatch Industry Network, as of the end of August, the national average price of titanium dioxide closed at 15,780 yuan/ton, showing a decrease of 35 yuan/ton compared to the previous period and a significant year-on-year drop of 950 yuan/ton. This price trend reflects the current supply and demand situation in the market and the outcome of cost pressure negotiations.
Currently, despite the strong support provided by raw material costs to titanium dioxide prices, the continued sluggish downstream demand remains the primary factor restricting market recovery. Amidst the sluggish trading environment, titanium dioxide enterprises generally adopt a wait-and-see attitude and remain cautious about future market trends. It is expected that the titanium dioxide market will maintain a weak operation pattern for some time, and prices are unlikely to rebound significantly.