Titanium dioxide prices continue to hit bottom, and weak demand exacerbates producers' inventory pressure for destocking [SMM Titanium Spot Cargo Bulletin]

SMM reported on August 4 that the titanium dioxide market prices continued to decline today. Rutile-type titanium dioxide had mainstream quotations ranging from 12,200 to 13,300 yuan/mt, with an average FOB price of $1,825/mt. Anatase-type titanium dioxide was quoted at 11,300 to 11,600 yuan/mt, while chloride-process titanium dioxide was priced at 14,500 to 15,500 yuan/mt, with an average FOB price of $2,100/mt.

The titanium dioxide market remained under pressure, with prices fluctuating at lows and hitting bottom. Currently, the market is still in a state of weak demand, and price fluctuations have become increasingly sensitive to market sentiment. The traditional monthly fixed price adjustment model has struggled to adapt to the rapidly changing market environment. Long-term contract prices have continued to decline, reflecting a strong wait-and-see sentiment in the market. Downstream customers are generally waiting for lower prices to buy the dip, while titanium dioxide producers are facing inventory pressure and urgently need to improve their operating conditions through effective destocking strategies. SMM will continue to track market trends in August.