Zheng Quan Ri Bao Wang·2025-11-28 12:59Core Viewpoint - The recent price increase of titanium dioxide (TiO2) has drawn market attention, with domestic prices rising by 700 CNY/ton and international prices by 100 USD/ton, driven by rising raw material costs and supply constraints [1][2]. Industry Summary - The titanium dioxide industry has experienced multiple price hikes within a year, primarily due to escalating costs of key raw materials such as titanium ore and sulfuric acid [1]. - As of mid-November, the average domestic price of sulfuric acid reached 773 CNY/ton, a more than 111% increase since the beginning of the year, with some regions seeing prices exceed 900 CNY/ton [1]. - Domestic companies are limiting production, tightening market supply, and leading to increased market confidence and price hikes [1]. Company Performance - In the first three quarters of the year, titanium dioxide listed companies faced collective pressure, with some reporting negative net profits attributable to shareholders [2]. - The price increase may help improve industry performance in the long term, but it could also squeeze the profitability of downstream companies [2]. - Companies are encouraged to enhance technological research, improve production efficiency, and optimize product structures to produce higher value-added products [2]. Future Outlook - The future trajectory of titanium dioxide prices remains uncertain, as downstream demand is currently weak, particularly in the coatings and plastics sectors [4]. - While some international demand for titanium dioxide has increased, overall demand remains lackluster, making the sustainability of price increases dependent on actual growth in downstream demand [4].