This week, the titanium dioxide market continued to weaken, with sulphuric acid-based rutile titanium dioxide quoted at 13,000 - 14,500 yuan/mt and anatase titanium dioxide at 12,000 - 12,600 yuan/mt. Downstream demand remained sluggish, market activity was insufficient, and there was significant downward pressure.
This week, the titanium dioxide market experienced a significant price decline, led by substantial price reductions from leading enterprises. Although the supply side contracted somewhat due to losses and inventory pressure, the demand side faced multiple setbacks: domestic demand accelerated its decline as the country entered the off-season, and foreign trade was severely worsened by the impact of anti-dumping measures and trade wars. This made it difficult to fundamentally reverse the oversupply situation. However, the continuous tightening of upstream titanium ore resources provided strong cost support, and it is expected that there is very limited room for further downward movement in market prices. The market is currently in a phase of contention between cost support and weak demand.
