Buyer Summary: The China TiO₂ Market remained weak this week, with domestic downstream purchasing and new-order activity still subdued. However, India’s ongoing anti-dumping developments have stimulated stronger order activity from Indian buyers, while producer inventories are gradually easing. Meanwhile, prolonged geopolitical tensions in the Middle East continue to keep key TiO₂ raw material costs at elevated levels, maintaining significant production cost pressure and limiting the room for another broad round of price reductions.

1. Titanium Dioxide (TiO₂) Market Analysis

• The TiO₂ market remained weak during the week, with selected producers making quotation adjustments as domestic demand stayed subdued and new-order activity remained limited. Most transactions continued to be negotiated on a case-by-case basis.
• Competition between sulfate-process and chloride-process TiO₂ remained intense, with quotations varying according to supplier inventory, cost structure, operating status, and order conditions.
• Industry operating rates remained under adjustment. Some major producers reduced output because of equipment and raw material factors, while several small and medium-sized plants continued to operate below normal rates.
• India’s ongoing anti-dumping developments concerning TiO₂ imports from China have become an important factor for the export market. Market feedback indicates stronger order activity from Indian buyers as customers respond to uncertainty surrounding future import costs and trade conditions.
• Domestic producer inventories are gradually easing as output is adjusted and export orders absorb part of available supply. This is beginning to reduce the inventory pressure that previously encouraged more aggressive price competition.

Price Index Methodology: The Price Index is calculated based on the average prices of the top 10 producers in China, with the base value set at 100 as of January 1, 2026.

2. Titanium Dioxide Pigment Market Trends