Titanium Dioxide Market Shows Rising Trend Leading Enterprises Adjust Prices [SMM Titanium Spot Express]

SMM reported on August 18 that the mainstream quotations for rutile titanium dioxide were in the range of 12,500-13,000 yuan/mt, with FOB export average price at $1,825/mt; anatase titanium dioxide was quoted at 11,300-11,600 yuan/mt; and chloride process titanium dioxide was quoted at 14,300-15,300 yuan/mt, with FOB export average price at $2,090/mt.

According to SMM's latest survey, Panzhihua Titanium Sea Technology Co. implemented a price adjustment for its titanium dioxide products from August 15: the domestic selling price for both rutile and anatase types increased by 800 yuan/mt, and the export price also rose by $80/mt. The company stated that this price adjustment was mainly due to the continuous rise in raw material costs. LB Group announced on August 18 a price adjustment plan for its full range of titanium dioxide products: the sales price for domestic customers would increase by 500 yuan/mt, and the price for international customers would go up by $70/mt. A trend of rising prices in the titanium dioxide market has already taken shape, and SMM will closely monitor the market's acceptance of this price adjustment and changes in actual transaction conditions.