Titanium Dioxide China Monthly Report(Titanium Dioxide China Monthly Report 202411)

In Nov. 2024, the domestic TiO₂ market saw soft demand and stable, slightly weaker pricing, and the domestic TiO₂ market experienced an overall downturn.

Titanium slag prices in Nov. were overall weak, with Yunnan Province's acid dissolved titanium slag seeing new single price cuts, domestic titanium slag plants maintained low operating rates this month.

Ilmenite prices in the Panxi Area, comprising Panzhihua and Xichang cities in Sichuan Province, are weak. Currently, the market is experiencing weakness,

From Jan. to Oct. 2024, domestic output of high titanium slag decreased by 0.51% YoY, while the output of acid dissolved titanium slag increased by 73.60% YoY.

Important market dynamics in Nov. 2024

On 23 Nov., 2024, Shandong Lubei Chemical Co., Ltd. announced that its wholly-owned subsidiary, Shandong Xianghai Titanium Resources Technology Co., Ltd. had signed a Strategic Investment Co-operation Agreement with Jinan Yuxiao Group Co., Ltd. and Inner Mongolia Yuxiao Mengda Titanium Co., Ltd.

On 1 Nov., 2024, the European Commission published a pre-final disclosure document concerning the anti-dumping investigation into TiO₂ originating from China.

In late Oct. 2024, Shandong Lubei Chemical Co., Ltd. announced plans to invest in the construction of 200,000 t/a co-production method TiO₂ green production project and the 600,000 t/a concentrating uhligite project.

At the end of Oct. 2024, the Xinjiang Uygur Autonomous Region Department of Ecology and Environment announced the acceptance of the environmental impact assessment report for Xinjiang Xiangsheng New Material Technology Co., Ltd.'s project to expand and upgrade its production capacity to 30,000 t/a aviation-grade titanium sponge through green intelligent transformation.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1135 on 1 Nov., 2024, sourced from the People's Bank of China.

All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.

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