After nine months of decline in the titanium dioxide market, at the beginning of the new year, the market lived up to expectations and ushered in the first round of price increases at the beginning of the year, and the price of titanium dioxide rebounded upward.

In December, 2024, the overall operation of the titanium dioxide market was better than expected, and the output also hit a new historical high. According to statistics, China's titanium dioxide output in December 2024 was 430,600 tons, a month-on-month increase of 7.96%, and a year-on-year increase of 9.21%; due to dealers and traders and other companies gradually stocking up, the production and sales of titanium dioxide factories increased month-on-month. With the increase in the release of titanium dioxide production capacity in 2024, the annual production capacity increased by 500,000 tons, and the output of titanium dioxide was steadily released; the cumulative output of titanium dioxide in 2024 was 4.8126 million tons, an increase of 14.10% year-on-year, and the output increased by about 594,700 tons. Although prices have been downward in 24, the overall market operation is basically at a high level.

The titanium dioxide market rebounded in January. At the end of the month, prices began to rise under the lead of the letter from the leading enterprises. The main reasons for this price increase are:

1. The factory has a large number of orders on hand, the market is mostly destocking, and the spot supply of sulfuric acid titanium dioxide began to be tight;

2. The price of raw titanium ore rose. Although sulfuric acid was reduced in some areas, the overall cost of titanium dioxide still increased;

3. As the Spring Festival approaches, titanium dioxide enterprises in Guangxi, Sichuan and other regions are routinely overhauled at the end of the year. The titanium dioxide market started to decline in January and February. According to incomplete statistics, about 20 titanium dioxide companies reduced production and stopped production before and after the market, and the output in January is expected to decrease; the market supply is less than the demand, and then 19 companies in the titanium dioxide market successively sent letters to adjust prices, and the market ushered in a wave of price increases.

Although the price increase of titanium dioxide this time is smaller than that of previous market price increases, the market demand continues to be weak this year, the prices of enterprises are as low as the cost line, and the prices of some enterprises have been in a loss state for a long time. The market's willingness to increase prices has come as expected; this week, some titanium dioxide enterprises have raised the signing price, and some enterprises in the market still control orders and schedule delivery. The support sentiment of the titanium dioxide market has increased, and the market is also optimistic after the holiday. Titanium dioxide prices are also expected to rise in February.

In 2025, the titanium dioxide market is expected to release about 1 million tons of new production capacity. It is expected that the market output will gradually increase in the second, third and fourth quarters, the industry competition pressure will increase, and the market is also worried about the future market. However, under the tight supply and high price of titanium raw materials, the titanium dioxide market is still under pressure to rise or fall.