Buyer Summary: The China TiO₂ Market remained cautious this week as “Golden September” demand continued to underperform expectations. However, market sentiment became firmer as shipments improved at some producers, selected order books extended to 15–20 days, domestic ilmenite supply tightened, and leading TiO₂ manufacturers showed an intention to raise prices during September. While a broad rebound has not yet been confirmed, resistance to further price reductions is clearly strengthening.
1. Titanium Dioxide (TiO₂) Market Analysis
- The TiO₂ market remained weak but increasingly stable during the week. Demand was still below traditional September expectations, while overall market inventories remained relatively high and competition among producers continued.
- At the same time, shipments improved at selected manufacturers, with some producers reporting approximately 15–20 days of orders on hand. Low-end quotations also became firmer as production costs remained under pressure.
- Market sentiment strengthened after reports from a meeting of leading TiO₂ manufacturers indicated an intention to raise prices during September. Several other producers also showed stronger price-support or price-increase intentions, although actual transactions remained largely negotiated on a case-by-case basis.
- By September 3–4, TiO₂ quotations were broadly stable. Some producers in Panzhihua temporarily suspended production due to low prices, cost pressure, and weak demand, while overall industry operating rates remained relatively high.
- The market therefore remains divided between weak end-user demand and increasingly firm producer resistance to further price reductions.
| Product | Previous Week (32nd Week, 2026) |
Current Week (33nd Week, 2026) |
Weekly Change |
|---|---|---|---|
| Anatase | 127 | 127 | 0 |
| Rutile | 129 | 129 | 0 |
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.