Titanium Dioxide China Monthly Report(Titanium Dioxide China Monthly Report 202509)

The TiO₂ market maintained a stable and slightly strong pattern this month, with most companies focusing on digesting previous orders. The pace of new orders has slowed, but the inventory pressure is temporarily controllable. On the cost side, the price of sulfuric acid has slightly decreased, while the rise in titanium concentrate supports costs. Coupled with the demand recovery during the "golden September and silver October," the expectation for factory price increases has risen. However, due to the leading companies not issuing letters, the recovery of the start-up rate, and the intensification of market competition, manufacturers are cautious about price adjustments. Quotations are mainly firm. The short-term market may continue the game between supply and demand, with prices remaining firm.

The titanium slag market is operating weakly under the dual pressures of high costs and lack of demand. For the future market, the general sentiment is quite pessimistic. Unless there is a significant recovery in downstream terminal demand, which drives titanium tetrachloride and sponge titanium enterprises to increase production and procurement, otherwise, the price of titanium slag is expected to continue to bear pressure in the short term, and it is difficult to have the momentum for a significant rebound.

The new contract prices for titanium ore in the Panxi region have mostly increased, with the quotations for low-phosphorus titanium ore running even higher. The main reasons are:

• Although Pansteel is distributing raw materials, the overall quantity is limited and has not yet had much impact on the market;
• The local titanium ore raw materials continue to be in short supply, with the price of titanium concentrate remaining high;
• The operation rate of downstream titanium dioxide enterprises has recovered, increasing the demand for titanium ore;
• The price of sulfuric acid in some regions has decreased, providing a certain price space for titanium ore, etc. It is expected that the price of local titanium concentrate will continue to be strong in the short term.

Important market dynamics in Sept. 2025

• On 27 Aug., 2025, Yibin Tianyuan announced that its subsidiary will invest in a project to recycle chloride-process titanium-dioxide tailings.
• On 4 Sept., 2025, international TiO₂ giant Venator Materials plc announced its entry into bankruptcy administration and plans to sell its three factories in the UK (Greatham, Wynyard, Birtley).
• On 8 Sept., 2025, LB Xiangyang temporarily halted operations for rectification following an unexpected incident.
• On 9 Sept., Huiyun Titanium Industry completed the industrial and commercial change registration procedures for Chenxiang Mineral.

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