Buyer Summary: The China TiO₂ Market remained weak after a leading manufacturer reduced its listed prices and several other producers followed with adjustments of approximately USD 44–73/ton. Poor downstream demand, growing inventories, and intense competition continued to affect transactions, but high sulfur and sulfuric acid costs may limit the scope for further broad reductions. Buyers are likely to continue receiving differentiated, case-by-case quotations.

1. Titanium Dioxide (TiO₂) Market Analysis

• After a leading titanium dioxide manufacturer lowered its listed prices, several other producers followed with reductions of approximately USD 44–73/ton, adding further pressure to the domestic market.
• Downstream demand and purchasing activity remained weak, while shipments were generally slow. Inventories continued to rise at some plants, prompting producers to control output and contributing to a decline in TiO₂ production during July.
• Competition in the chloride-process market remained intense, with prices also moving lower. The price gap between sulfate-process and chloride-process TiO₂ narrowed, increasing market differentiation.
• Although suppliers remained under inventory and shipment pressure, high production costs limited their ability to make substantial further reductions. Most transactions continued to be negotiated individually.

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