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In 2024, China's titanium dioxide market price will revolve around the game of supply, demand and cost. The trend throughout the year will first rise and then fall. Although the price fluctuates, the overall fluctuation is still weak. According to data from the Chemical Plastics Research Institute, taking rutile titanium dioxide as an example, the highest price in 2024 is 17,000 yuan/ton, the lowest price is 13,800 yuan/ton, and the annual average price is 15,495 yuan/ton, which is higher than that in 2023 (15,697 yuan/ton) ) fell 1.28%. In 2024, China's titanium dioxide exports will face tremendous pressure. The European Union, Brazil and others have imposed high anti-dumping duties on titanium dioxide produced in China. As of now, there are Eurasian economies, the European Union, Brazil, India, and Saudi Arabia. Five economies or The state initiated anti-dumping against Chinese titanium dioxide. However, my country's titanium dioxide exports have reached a new high. According to customs data, China's titanium dioxide exports from January to November 2024 totaled 1.7433 million tons, a year-on-year increase of 16.35%, an increase of 245,000 tons. For the whole of 2023, China's titanium dioxide exports were only 1.6417 million tons. According to incomplete statistics, among the new/expansion projects that have been disclosed, at least five titanium dioxide projects are planned to be put into production in 2025, with an estimated new production capacity of 1.3 million tons. By then, China's total titanium dioxide production capacity will reach more than 7 million tons/year. In the future, China's titanium dioxide market will continue to face the dual pressures of increased production capacity and slowing demand, and competition among companies may further intensify.
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