lithopone 28~30%

The primary factor that affects the price of titanium dioxide is its production method. There are two main methods for producing titanium dioxide the chloride process and the sulfate process. The chloride process involves heating ilmenite ore in a furnace to produce titanium tetrachloride, which is then purified and reduced to titanium metal. This method produces high-quality titanium dioxide with a low impurity level, making it more expensive than the sulfate process.

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The titanium dioxide market fluctuated in the first two quarters of 2023. These pricing patterns resulted from poor demand and reduced intakes from the downstream industries. Amid the slow demand, the manufacturers were forced to reduce their outputs. With rising inflation rates, production cuts gradually increased. Given the economic downturn, the labor strikes further affected the market dynamics, thereby exerting pressure on the pricing fundamentals.

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