Titanium Dioxide China Monthly Report(Titanium Dioxide China Monthly Report 202501)

In Jan. 2025, the domestic TiO₂ market saw soft demand and stable, slightly weaker pricing. The TiO₂ market was operating relatively steadily, with downstream demand becoming increasingly bleak. Manufacturers were actively processing orders from before the holiday, and although there were stockpiling orders, the signing of new orders was not very active overall.

In Jan. 2025, the titanium slag market inquiries were relatively active. Due to the price increase of raw materials such as electrodes and petroleum coke, domestic high titanium slag enterprises were currently under great cost pressure, with low operation rates and relatively firm new order prices.

In Jan. 2025, the titanium ore market inquiries have slightly weakened, and the factories' shipments were average. However, with the continuous blockade of raw materials by Panzhihua, the local titanium ore remained in short supply, and the price of titanium concentrate remained high.

In 2024, the total output of TiO₂ in China reached 4.77million tonnes, an increase of 606,000 tonnes compared to the previous year, with a growth rate of 14.57%.

From Jan. to Dec. 2024, domestic output of high titanium slag decreased by 16.88% YoY, while the output of acid dissolved titanium slag increased by 93.24% YoY.

Important market dynamics in Jan. 2025

On 15 Jan., 2025, Shandong Lubei Chemical Co., Ltd. announced that it planned to build a new 600,000 t/a sulfuric acid production facility from sulfur and waste heat power generation equipment.

On 21 Jan., 2025, LB Group Co., Ltd. decided that a net price increase of USD41.74/t (RMB300/t) would be applied for all TiO2 products for China market, and a net price increase of USD50/t would be applied for all TiO2 products for overseas market, effective from 21 Jan., 2025.

On 8 Jan., 2025, the Guizhou Provincial Department of Ecology and Environment publicised the acceptance announcement of the environmental impact report for the annual 20kt titanium sponge production supporting project of Zunyi Titanium Industry Co., Ltd.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1879 on 1 Jan., 2025, sourced from the People's Bank of China. All the prices mentioned in this newsletter will include the VAT, unless otherwise specified. If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20-37616606, or econtact@cnchemicals.com