Titanium Dioxide Market Saw Slight Price Increases, Subsequent Trend Awaits Demand Verification [SMM Titanium Spot Report]

SMM reported on September 4 that the mainstream quotation range for rutile titanium dioxide was 12,600-13,200 yuan/mt, with the average FOB export price at $1,850/mt. The price of anatase titanium dioxide was 11,500-11,800 yuan/mt, while that of chloride-process titanium dioxide stood at 14,500-15,500 yuan/mt, with the average FOB export price at $2,090/mt.

In early September, the domestic titanium dioxide market saw a slight price increase, with product prices across all lines rising by approximately 200-250 yuan/mt. However, the export dollar quotations did not follow suit, remaining stable overall, which was closely related to fierce international market competition and the continued pressure from anti-dumping policies in various countries. To maintain export market share, companies often had to offer appropriate concessions, coupled with generally weak overseas demand, leading to pressure on export prices. Domestically, whether this round of price increases could be sustained in September still depended on actual order fulfillment and inventory reduction. Currently, inventory pressure for chloride-process titanium dioxide remained significant, being the primary source of overall inventory accumulation. If the peak season demand in September could be released in a timely manner and drive continuous inventory digestion, domestic prices might gain support; otherwise, they would still face downward pressure.