Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• This week China’s titanium dioxide market entered a second round of price increases, led by top manufacturers of titanium dioxide, including LB Group, with around 23 producers announcing price hikes.
• Leading producers initiated price increases of about USD 72.61/ton domestically and USD 100/ton for export markets, with multiple manufacturers following, confirming strong cost-driven upward momentum.
• Most producers currently have order backlogs extending into April, significantly reducing spot availability.
• Anatase TiO₂ supply is tightening further, with some producers limiting sales or prioritizing long-term customers.
• Downstream buyers remain cautious in the short term, but supply-side tightening is becoming the dominant market driver.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• This week China’s titanium dioxide market continued its upward movement, with producers raising prices again as cost pressure remained significant.
• Top manufacturers of titanium dioxide raised prices by about USD 29.11/ton this week, following last week’s broader increase of around USD 43.67/ton, bringing the cumulative two-week increase to about USD 72.78/ton.
• March orders have been relatively strong, traders and distributors have frequently raised offers, and supply of anatase grades has become tighter, with several factories temporarily suspending quotations. Some producers have not been accepting new orders since early March, which normally indicates that prices may continue rising in the coming days or weeks.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• This week China’s titanium dioxide market entered a clear price rally, with 27 producers issuing price increase announcements led by top manufacturers of titanium dioxide.
• The price adjustments were mainly driven by rising production costs, including sharply higher sulfuric acid prices and firm ilmenite raw material costs.
• Maintenance shutdowns at several titanium dioxide plants in February reduced supply, while producer inventories remained relatively low.
• Export orders continued to perform well and market sentiment strengthened as the traditional “March–April” peak demand season approaches.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• After the holiday period, China’s titanium dioxide market remained stable, while several top manufacturers of titanium dioxide issued price increase notices of approximately USD 100/ton.
• Production declined during the holiday as around ten producers implemented maintenance shutdowns or output reductions, resulting in relatively low social inventories.
• Post-holiday operating rates are gradually recovering, but firm ilmenite prices and elevated production costs continue to support strong pricing sentiment across the market.
• The RMB appreciated significantly during the week, strengthening by nearly 1% against the USD, increasing export pricing pressure and supporting higher USD-denominated TiO₂ quotations.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• The China titanium dioxide market showed stable conditions, with top manufacturers of titanium dioxide maintaining firm pricing strategies and controlling order intake ahead of seasonal holidays.
• Trading activity slowed as downstream buyers reduced purchasing, while several producers focused on fulfilling existing contracts rather than accepting new spot orders.
• Maintenance shutdown plans among multiple producers may temporarily reduce operating rates, supporting short-term market stability and tightening supply expectations.
• USD-denominated export prices are expected to continue rising, as the strengthening RMB increases pricing pressure on overseas quotations.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China titanium dioxide (TiO₂) market remained stable ahead of the Lunar New Year, with most producers maintaining firm quotations despite slowing new orders.
• Pre-holiday stocking has largely concluded, and some top manufacturers of titanium dioxide have closed order intake, reducing spot liquidity and keeping market sentiment steady.
• Approximately nine producers are expected to conduct maintenance shutdowns during the holiday period, which may lower operating rates and tighten short-term supply availability.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China titanium dioxide (TiO₂) market turned warming this week, with multiple producers raising prices while downstream demand stayed cautious.
• Market transactions indicate that average deal levels have moved above the prior market mean, signaling improving acceptance of higher offers.
• Approaching the Lunar New Year, logistics are slowing and producers are prioritizing contracted deliveries, reducing spot liquidity and supporting price firmness.

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

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained stable this week, with prices holding firm amid seasonally weakening demand ahead of the Lunar New Year.
• Downstream buyers have largely completed pre-holiday stocking, leading to cautious spot purchasing and slower transaction volumes.
• Despite subdued trading activity, producer inventories remain relatively low, providing solid downside support to current price levels.
• Rising production costs, particularly sulfuric acid price increases, further reinforced producers’ price discipline.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• China’s titanium dioxide market remained stable during the seasonal off-peak period, with most producers focusing on fulfilling existing orders rather than pushing new sales.
• Domestic demand softened as some downstream plants in northern China gradually entered holiday shutdowns, while earlier demand had already been partially front-loaded.
• Despite weak spot transactions, inventory levels at producers remain low, providing underlying support to current TiO₂ prices.

2. Titanium Dioxide Pigment Market Trends

Market Report

1. Titanium Dioxide (TiO₂) Market Analysis

• After the holiday period, China’s titanium dioxide market remained generally stable, with producers maintaining firm quotations under continued cost pressure.
• Overall operating rates stayed at a relatively high level, though several producers announced maintenance plans, which may gradually tighten effective supply.
• Upstream raw-material costs, especially ilmenite and sulfuric acid, remain elevated, providing a solid cost floor for TiO₂ prices.

2. Titanium Dioxide Pigment Market Trends