In March 2025, the domestic TiO2 market was characterized by a strong watching atmosphere. On one hand, the continuous increase in downstream raw material costs was driving up corporate costs, leading to a strong expectation of factory price increases. On the other hand, domestic sales were less than satisfactory, with many manufacturers not optimistic about price increases.
This month, the titanium slag market continued to operate sluggishly, with weak downstream demand and low operating rates at titanium slag factories.
In the Panxi Area, the ilmenite market continues to operate in a stable yet weakening trend. On one hand, downstream factories face significant cost pressures, leading to a strong sentiment to push back on raw material purchases, with severe bargaining; on the other hand, the gradual release of raw materials from Pansteel and the miners' difficulty in selling their goods make it difficult for prices to remain firm.
Important market dynamics in Jan. 2025
On 11 March 2025, CNNC Huayuan Titanium Dioxide Co., Ltd. announced its annual report for 2024, with TiO2 sales reaching 428,400 tonnes, a YoY increase of 33.44%, achieving a total revenue of USD0.81 billion (RMB5.84 billion).
On 10 March, 2025, the environmental impact report of the high-end Rutile TiO2 calcination kiln equipment upgrade project by LB Group Co., Ltd. was released.
On 28 Feb., 2025, the People's Government of Yishui County announced the first public participation notice for the environmental impact assessment of Linyi Tianxin Mining Co., Ltd.'s iron and titanium ore construction project in the Nanzhangling mining area of Yishui County.
On 27 Feb., 2025, the Panzhihua Environmental Protection Association announced the environmental impact report for the 250,000 t/a ilmenite and comprehensive utilization of 100,000 t/a discarded low-titanium resources project by Yanbian Chucai Mining Co., Ltd.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1745 on 3 March 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
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