LB Group(SZ:002601) 证券时报·2025-08-21 12:35Core Viewpoint - The titanium dioxide (TiO2) industry is experiencing a price increase after a prolonged period of low prices, with multiple companies announcing price hikes in response to market conditions [2][4]. Price Increase Announcement - Longbai Group has decided to raise the sales price of all types of titanium dioxide by 500 RMB/ton for domestic customers and by 70 USD/ton for international customers starting from August 18, 2025 [2]. - Following this announcement, over 20 titanium dioxide manufacturers have also issued price increase notices, indicating a widespread industry trend [4]. Market Conditions - The titanium dioxide market has faced pressure over the past two years, characterized by significant price fluctuations and a current oversupply situation due to weak demand in the real estate sector [4]. - Analysts note that the seasonal patterns of the titanium dioxide market have been disrupted, with traditional price increases in March-April and August-September not materializing last year due to demand weakness [4]. Inventory and Demand Dynamics - Despite the lack of fundamental improvement in end-user demand, inventory is gradually shifting from producers to traders and downstream sectors, which may support price stability [5]. - The recent price adjustments have stimulated market demand for inventory, alleviating some inventory pressure on titanium dioxide producers [5]. Future Price Outlook - The upcoming traditional consumption peak in September is expected to gradually restore end-user demand, potentially leading to a faster inventory turnover and providing support for titanium dioxide prices [5]. - Analysts suggest that if downstream demand shows growth in September, it could lead to a slight increase in titanium dioxide prices, while a lack of growth may hinder price increases [7]. Conclusion - The titanium dioxide industry is currently in a phase of price recovery, with recent price hikes signaling a potential shift in market dynamics, influenced by seasonal demand and inventory management strategies [6][7].