From 2021 to 2024, China's titanium dioxide market has experienced four "ups and downs" trends. In 2021, the price of rutile titanium dioxide will continue to rise to 20500 yuan/ton, and the price of anatase titanium dioxide will rise to 18700 yuan/ton; With the end of the epidemic, the shrinking demand in the downstream market, and the increase in new production capacity, prices began to weaken. The price of rutile titanium dioxide fell to fluctuate between 15,000 - 17,000 yuan/ton, and the price of anatase titanium dioxide fell to 12,700 - 15,300 yuan/ton.
In 2021, the overall titanium dioxide market showed an upward trend, and the price rose to a mid-year high. Then the price gradually fell slightly. The price increased significantly at the end of the year compared with the beginning of the year. The price of rutile titanium dioxide increased by about 3600 yuan/ton, an increase of about 22%; the price of anatase titanium dioxide increased by 5100 yuan/ton, an increase of about 39%. The highest price during the year was 20500 yuan/ton for the rutile type, 18700 yuan/ton for the anatase type, and the lowest price was 16550 yuan/ton for the rutile type and 13150 yuan/ton for the anatase type.
In 2022, the market price of titanium dioxide will drop sharply. Although there was a slight increase at the beginning of the year, the price will continue to decline in April. The price dropped significantly at the end of the year compared with the beginning of the year. The price dropped by about 5000 yuan/ton at the end of the year compared with the beginning of the year, a decrease of about 27%. During the year, the highest price point was 20250 yuan/ton for the rutile type and 18400 yuan/ton for the anatase type. The lowest price point was 15000 yuan/ton for the rutile type and 13400 yuan/ton for the anatase type.
In 2023, the market price of titanium dioxide will show a rising and falling trend. The price at the end of the year is still higher than that at the beginning of the year. The price of rutile titanium dioxide will increase by about 1000 yuan/ton, an increase of about 6%, and the price of anatase titanium dioxide will increase by 500 yuan/ton, an increase of about 4%. The highest price during the year was 17000 yuan/ton for the rutile type and 15250 yuan/ton for the anatase type. The lowest price was 14850 yuan/ton for the rutile type and 12650 yuan/ton for the anatase type.
In the first half of 2024, the market price of titanium dioxide showed an omega trend. Rutile titanium dioxide dropped by about 300 yuan/ton in mid-year compared with the beginning of the year, a decrease of about 2%. The price of anatase titanium dioxide increased by about 300 yuan/ton in mid-year compared with the beginning of the year.; an increase of about 2%. During the year, the highest price point was 16950 yuan/ton for the rutile type and 15250 yuan/ton for the anatase type. The lowest price point was 15200 yuan/ton for the rutile type and 14000 yuan/ton for the anatase type. In the second half of the year, the market continued its downward trend. As of October, the price of rutile titanium dioxide fell to about 14750 yuan/ton, and the price of anatase titanium dioxide fell to about 13300 yuan/ton. Compared with the price of rutile titanium dioxide fell at the beginning of the year. About 1000 yuan/ton, a decrease of about 7%, and the price of anatase titanium dioxide dropped by about 500 yuan/ton, a decrease of about 3%.
Affected by the sluggish demand in downstream and other industries this year, the titanium dioxide industry as a whole has experienced greater downward pressure, and the trend of oversupply is still prominent. However, new production capacity will continue to be released in the market next year, and supply and demand issues are still worth studying. With the frequent promulgation of various national economic policies, China's economy is expected to maintain medium-to-high growth in 2025, but the growth rate may slow down slightly. Can the terminal demand for titanium dioxide improve compared with 2024?
