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Morning Market Update: Titanium Dioxide

Published on 2026-11-10
  1. Market Review

Yesterday, the domestic titanium dioxide (TiO₂) market remained stable. The market is in its off-season with weak end-user demand. Producers face significant inventory pressure and have a strong willingness to ship goods and secure orders, leading to continuous price reductions and an overall downward trend. On the raw materials side, ilmenite prices continued to weaken, while sulfuric acid halted its downward trend. Bearish sentiment for the future remains strong, and prices are determined on a case-by-case basis. Current mainstream ex-factory prices for TiO₂ are: Rutile grade 12,800–15,200 RMB/ton; Anatase grade 12,300–13,200 RMB/ton; Chloride process grade 15,500–16,800 RMB/ton. Actual transactions are primarily negotiated individually, with specific high-end or low-end grades priced separately.

  1. Market Highlights

① Ilmenite: Panzhihua 46% grade, 10-mesh reference price is 1,010–1,050 RMB/ton.

② Sulfuric Acid: As of the previous working day, the sulfuric acid market maintained a generally weak trend. Specifically, the delivered reference price for 98% smelter-grade acid in Hubei was 1,250–1,500 RMB/ton; in Yunnan, it was 1,340–1,400 RMB/ton.

  1. Last Week's Domestic Titanium Dioxide Transaction Prices

Table 1: Summary of Domestic Titanium Dioxide Prices (Unit: RMB/ton)

Region Grade Nov 9 Nov 10 Change % Change
National Average Rutile 13,736 13,736 0 0%
Shandong Rutile 13,100-14,200 13,100-14,200 0/0 0%/0%
East China Rutile 13,500-14,500 13,500-14,500 0/0 0%/0%
Anatase 12,800-13,200 12,800-13,200 0/0 0%/0%
Central China Rutile 13,600-14,800 13,600-14,800 0/0 0%/0%
Southwest China Rutile 12,500-14,200 12,500-14,200 0/0 0%/0%
Anatase 12,300-13,100 12,300-13,100 0/0 0%/0%
South China Rutile 13,800-14,800 13,800-14,800 0/0 0%/0%
Anatase 12,300-13,000 12,300-13,000 0/0 0%/0%

Notes:

  1. Listed prices are cash-inclusive tax prices, denominated in RMB per ton.

  2. Published before 8:30 AM on working days; for reference only.

  3. Percentage change refers to the week-over-week variation.
    Data Source: Chempricehub

  4. Data Calendar

Table 2: Domestic Titanium Dioxide Data Overview (Unit: 10,000 tons unless specified)

Indicator Release Time Previous Value Expected Trend This Period
TiO₂ Capacity Utilization Rate Thursday 17:00 73.38% ↗
TiO₂ Cost Thursday 17:00 16,011 RMB/ton ↘
TiO₂ Profit Thursday 17:00 -2,140 RMB/ton ↗

Notes:

  1. ↑↓ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.

  2. ↗↘ indicates narrow fluctuation, highlighting data with changes within 0–3%.
    Data Source: Chempricehub

  3. Sample Description

Transaction prices reflect the mainstream local transaction prices in each region.
The sentiment index samples represent the trend expectations of major domestic titanium enterprises and traders.

Comments

0
  • James Morrison 2026-11-10 10:00
    TiO2 faces bearish pressure from weak downstream demand and high inventory, forcing producers to cut prices despite mixed feedstock costs. I expect continued margin compression until seasonal demand recovers, as capacity..
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