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| Titanium Ore |
Titanium Dioxide Sector Contraction Drives Down Concentrate Prices
China titanium ore prices have hit a four-year low as demand from the titanium dioxide (TiO₂) sector weakens. Since 11 March, prices for 46% titanium concentrate dropped by 13% to 1,800–1,830 yuan/t ($249–253/t), ex-works, excluding VAT. The decline follows reduced feedstock purchasing by TiO₂ producers and rising spot availability of medium-grade ore.
Dioxide Producers Cut Output Amid Global Pressure
Anti-dumping measures targeting Chinese TiO₂ exports have shrunk international demand and pressured margins. As a result, several Chinese dioxide producers began lowering feedstock bids or halting production. March exports fell to 185,034 tonnes, down from 196,106 tonnes a year earlier. Rutile-grade prices also dropped to their lowest level since February, ranging from 14,000–15,300 yuan/t.
Ore Production Increases Despite Downward Price Pressure
Meanwhile, domestic supply surged. Sichuan Anning Steel and Titanium raised output using ultra-fine ore recovery tech. Water beneficiation plants also ramped up operations due to strong iron ore prices, boosting titanium ore co-production. Imports rose to 1.37 million tonnes in Q1 2024, further pressuring prices. Sellers are offering discounts, anticipating continued weakness.
The Metalnomist Commentary
China’s titanium ore market is under dual pressure from weakening TiO₂ demand and rising ore output. Unless export demand recovers or domestic production slows, concentrate prices may remain under strain through mid-2025.
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