Buyer Summary: The China TiO₂ Market weakened further this week as downstream demand remained sluggish, production stayed relatively high, and producer inventories continued to increase. New-order prices moved lower amid intensifying competition, while lower raw material costs weakened production cost support. Meanwhile, India reinstated five-year anti-dumping duties on Chinese TiO₂, adding further pressure to export market expectations. Near-term TiO₂ prices are expected to remain under pressure, with limited prospects for a meaningful recovery.
1. Titanium Dioxide (TiO₂) Market Analysis
- Downstream demand remained sluggish as the market entered the traditional off-season. Purchasing activity from coatings, plastics, and other end-use sectors was limited, with buyers mainly placing small orders based on immediate requirements. New-order inquiries and overall transaction activity remained weak.
- Industry operating rates remained relatively high, resulting in sufficient market supply and increasing inventory pressure. Major producers continued to rely on existing orders and export business, while smaller manufacturers faced greater difficulties securing new orders and maintaining shipments.
- Some manufacturers reduced quotations further as competition intensified. A leading producer also introduced distributor pricing policies with different rebate levels according to sales targets, while several manufacturers adjusted their new quotations accordingly. The next month’s official list price has not yet been announced, contributing to continued market uncertainty.
- Overall, the market is experiencing pressure from both domestic and international sides. Weak domestic consumption, sufficient supply, rising inventories, and increasing export trade barriers are collectively weighing on producer pricing confidence.
| Product | Previous Week (39th Week, 2026) |
Current Week (40th Week, 2026) |
Weekly Change |
|---|---|---|---|
| Anatase | 129 | 128 | -1 |
| Rutile | 131 | 130 | -1 |
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. Current-week index figures were not included in the available market data.