SMM January 22 news, domestic titanium dioxide prices today: anatase titanium dioxide was quoted at 12,000-12,400 yuan/mt, averaging 12,200 yuan/mt; rutile titanium dioxide was quoted at 12,800-14,200 yuan/mt, averaging 13,300 yuan/mt; and chloride process titanium dioxide domestic quotations were 13,600-17,000 yuan/mt, averaging 15,300 yuan/mt.
Anatase titanium dioxide prices were stable with a weakening trend this week. Current market offers are in the range of 12,300-12,400 yuan/mt, but due to tepid downstream response and overall market oversupply, the mainstream transaction prices have pulled back to 12,200 yuan/mt and below, reflecting still insufficient support from end-use demand.
For rutile titanium dioxide, supported by factors including supply tightness due to maintenance at some producers this month, pre-Chinese New Year restocking initiation, and the delivery cycle commencement for previous export orders, the current market floor price has temporarily stabilized around 12,800 yuan/mt. However, as cost side sulphuric acid prices are gradually being controlled and there are expectations for a pullback, the overall titanium dioxide prices may come under pressure subsequently, with upward momentum expected to be limited, and the market is likely to be dominated by consolidation.
