Titanium Dioxide Companies Spark Another "Price Hike Wave," Boosting the Titanium Dioxide Concept Sector, with Lubei Chemical Hitting the Limit Up [SMM Flash News]

SMM March 25 News: Driven by rising raw material costs such as titanium concentrate and sulphuric acid, low inventory levels among titanium dioxide producers, tight spot supply at some companies, and a significant YoY increase in titanium dioxide export data in February, LB Group and other titanium dioxide companies announced their third round of price increases this year. The titanium dioxide concept index continued its upward trend from the 24th, surging significantly on March 25. As of 14:06 on March 25, the titanium dioxide concept rose 3.53%. Among individual stocks, Lubei Chemical hit the limit up, Annada rose 8.22%, and Huiyun Titanium gained over 7%. Jinpu Titanium and CNNC Titanium led the gains. The average price of rutile titanium dioxide remained flat at 14,600 yuan/mt. View SMM titanium spot prices. Order and view SMM metal spot historical prices. According to SMM quotations, on March 25, the SMM rutile titanium dioxide price ranged from 14,200 to 15,000 yuan/mt, with an average of 14,600 yuan/mt, which has remained unchanged since February 17. This average price increased by 100 yuan/mt compared to the average of 14,500 yuan/mt on December 31, 2024. Currently, high titanium concentrate prices and continuous increases in sulphuric acid prices have led to rising raw material costs for titanium dioxide. Coupled with low inventory levels and tight spot supply at some titanium dioxide companies, export demand has remained strong, giving titanium dioxide producers firm confidence in raising prices. However, downstream demand has not shown significant growth. According to past practices, after titanium dioxide companies announce price adjustments, it takes some time for the market to react and accept the new spot prices. SMM will continue to track the implementation of titanium dioxide price adjustment letters. Recommended reading: Rising costs, tight spot supply, and strong exports prompt multiple titanium dioxide companies to announce third round of price increases [SMM Analysis].