Weak demand, titanium dioxide market in the doldrums today [SMM Spot Titanium Report]

SMM reported on May 28 that today's market quotes for rutile titanium dioxide were 13,300-15,100 yuan/mt, while those for anatase titanium dioxide were 12,200-12,800 yuan/mt, unchanged from yesterday.

Recently, the titanium dioxide market has shown a steady but weakening trend. According to a salesperson from a major titanium dioxide company, due to the continued weakness in the downstream market, there is a strong wait-and-see sentiment in the market. Some small factories, affected by their own scale, have limited bargaining power, leading to downward pressure on titanium dioxide market prices. It is expected that titanium dioxide prices may remain in the doldrums in the near future. SMM will continue to monitor the implementation of new prices by leading enterprises in the subsequent period.

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