In October 2026, quotations in the TiO2 market remained stable, but transactions were negotiated case by case, with room for price negotiation. Domestic demand in China was sluggish, and export orders provided the main support for overall orders. However, Japan's anti-dumping investigation and the United Kingdom's proposed anti-dumping duty have raised the risk of higher trade barriers, while growth in new orders remains weak. The industry lacks positive drivers in the short term, and market conditions may remain weak, with prices facing pressure to edge down within a narrow range.
Most Chinese titanium slag plants are actively fulfilling long-term contract orders, with very few new orders signed. Given the current limited supply and demand, plants are generally focusing on existing customers, and operating rates remain low. Prices are temporarily stable.
Enquiries for titanium ore in the Panzhihua–Xichang (Panxi) region have improved slightly, but downstream price pressure has not eased. Increased supply, combined with price cuts by some major producers seeking to reduce inventories, is weighing on nearby miners. Mainstream prices have softened and are expected to remain weak but stable in the short term.
Key market developments
In October 2026, Ti Chem, Annada, Guocheng Mining disclosed its Q3 2026 report.
On 12 October, 2026, Kuncai Technology released its Q1–Q3 2026 performance forecast.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.7367 on 8 October, 2026, sourced from the People's Bank of China.
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