Titanium dioxide inventory is piling up, and the titanium dioxide market is in the doldrums [SMM Spot Titanium Cargo Report]

SMM reported on July 22 that today's quotes for anatase titanium dioxide are 11,500-12,000 yuan/mt, unchanged from the previous working day. Rutile titanium dioxide quotes are 12,500-13,600 yuan/mt, also unchanged from the previous working day. Chloride-process titanium dioxide quotes are 15,200-16,400 yuan/mt, down 100 yuan/mt from the previous working day.

Currently, the titanium dioxide market is facing significant supply and demand pressures. Persistently weak downstream demand has led to high inventory levels at enterprises. To alleviate shipping pressure, major producers have recently begun implementing sales promotions with rebates for exceeding task quotas, triggering a "rat race" competition among enterprises. Currently, market competition among enterprises is fierce, with a clear price war trend. Considering that leading enterprises in the ore sector are stabilizing titanium ore prices by restricting the outward shipment of raw ore, and that sulphuric acid prices are fluctuating upward, providing strong support for the titanium dioxide market, the bottom support for titanium dioxide prices remains. It is expected that the titanium dioxide market will operate in the doldrums in the subsequent period.