1、 Price trend
Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market fell in May. On May 1st, the average price of titanium dioxide was 15480 yuan/ton, and on May 29th, the average price of titanium dioxide was 15080 yuan/ton, with a price reduction of 2.58%.
2、 Market analysis
The domestic titanium dioxide market price fell in May. In the first half of the year, the price of sulfuric acid in the upstream fluctuated at a low level, and the market price of titanium concentrate decreased. Downstream enterprises have a strong wait-and-see attitude, with limited new transactions and a decrease in market prices. The downstream market has not shown much improvement in the middle of the month, with light market transactions and continued price reductions. In the latter half of the year, downstream demand for titanium dioxide was weak, and the price of raw material sulfuric acid slightly increased, putting pressure on enterprise costs and putting the titanium dioxide market in a stalemate. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15600 yuan/ton; Sharp titanium type costs around 12700-13000 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate remained weak in May. At present, the titanium concentrate market is experiencing insufficient production, leading to significant cost pressures for enterprises. Downstream demand for titanium dioxide is weak, resulting in light new orders and cautious procurement of raw materials. Overall, the market price of titanium concentrate is unlikely to rise and will continue to operate steadily. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1870-2100 yuan/ton; The price of 47,20 ore ranges from 1950 to 2150 yuan/ton; The price of 38 titanium ore excluding tax is around 1180-1250 yuan/ton. It is expected that in the short term, the stable operation of titanium concentrate in the Panxi region will be the main focus.
According to customs data statistics, in April 2025, China imported 6587.73 tons of titanium dioxide, a year-on-year decrease of 2.71% and a month on month decrease of 20.45%. Among them, 3858.16 tons of chlorinated titanium dioxide and 2729.57 tons of sulfuric acid titanium dioxide were imported. From January to April, a total of 27374.49 tons of titanium dioxide were imported, a year-on-year decrease of 11.87%; Among them, 15815.51 tons of chlorinated titanium dioxide and 11558.99 tons of sulfuric acid titanium dioxide were imported.
According to customs data statistics, the export of titanium dioxide in April 2025 was approximately 148000 tons, a year-on-year decrease of 5.96% and a month on month decrease of 20.00%. Among them, 30400 tons of titanium dioxide were exported by chlorination method and 117600 tons were exported by sulfuric acid method. From January to April 2025, the cumulative export of titanium dioxide was 649000 tons, a year-on-year increase of 0.32%; Among them, 127900 tons of chlorinated titanium dioxide were exported, a year-on-year decrease of 1.85%, and 521100 tons of sulfuric acid titanium dioxide were exported, an increase of 0.87% year-on-year.
In 2025, the European Union and Brazil will impose tariffs on Chinese titanium dioxide. The anti-dumping measures have led to a continuous decline in the export volume of titanium dioxide in China. According to the export data of titanium dioxide in 2025, the export volume in January was 158400 tons, but it has declined to 148000 tons in April. From January to April 2025, the cumulative export volume of titanium dioxide in China was 649000 tons, a year-on-year increase of 0.3%, but the growth rate slowed down significantly.

On May 10, 2025, the Revenue Department of the Indian Ministry of Finance issued Notice No. 12/2025 Custods (ADD), accepting the affirmative final determination of the Indian Ministry of Commerce and Industry on titanium dioxide originating from or imported from China on February 12, 2025, and deciding to impose anti-dumping duties of $460-681/ton on the products involved in China, valid for 5 years.
The total export volume of titanium dioxide from China in 2024 is 1.9 million tons, of which India accounts for 16%, about 300000 tons; In the first quarter of 2025, the total export volume of titanium dioxide from China was 500000 tons, with India accounting for 20%, about 100000 tons. In April 2025, India was the largest exporter of titanium dioxide from China, with an export volume of 1827.95 tons. From this, it can be seen that India, as an important trading country for titanium dioxide in China, the imposition of anti-dumping duties has led to an increase in the cost of titanium dioxide, which will seriously affect China’s competitive advantage in the titanium dioxide export market to India. After India imposed anti-dumping duties, the profit margins of enterprises in exports have been further compressed, and some enterprises may face greater operational pressure.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market has declined this month. The downstream market is sluggish, and new orders are being executed cautiously. Internationally, the release of India’s anti-dumping measures has resulted in a weak market export situation. The formation of certain negative factors in the domestic market affects the mentality of downstream markets. It is expected that the price of titanium dioxide will be weak in the short term, and the actual transaction price will be negotiated one by one.