In May 2025, the domestic TiO2 market was generally in a state of phased stability. Currently, Titanium concentrate and sulphuric acid had stopped falling, and TiO2 factories still faced significant cost pressures, which was the main reason why many manufacturers were actively supporting prices. The operating rates of domestic TiO2 companies decreased, but the overall shipments were weak. It is expected that the domestic TiO2 market may continue to operate weakly in the short term.
The domestic titanium slag market continued to operate in a sluggish state. Although some factories had resumed production, the overall titanium slag enterprises still maintained a low operating rate, with manufacturers facing difficulties in selling goods and mainly adopting a wait-and-see approach.
The atmosphere of watching in the Panxi Area ilmenite market was very strong, mainly due to: the rapid decline in prices last week, many mines have signed orders in hand, and the panic psychology has been somewhat relieved; Pansteel has indicated that it will control the volume to protect the market; the difficulty of purchasing low phosphorus titanium middling ore has increased, and the overall price has not further declined.
Important market dynamics in May. 2025
On 30 April, 2025, the United States International Trade Commission (USITC/ITC) voted to make a negative final determination on the industry injury of anti-dumping and countervailing duties for epoxy resins imported from China and India.
In May 2025, Chemours announced to impose a 125% tariff on its exports, excluding TiO2 shipments to China.
On 7 May, 2025, Jinda Titanium announced the phase-based completion of the 20,000 t/a high-end protective coatings for automotive, aerospace and military applications titanium sponge full-process project.
On 6 May 2025, Guangdong Huiyun Titanium Industry Co., Ltd. (Huiyun Titanium) released its annual report for the year 2024. its revenue increased by 0.50% YoY, while net profit plummeted by 89.23%.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.2008 on 6 May 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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