Titanium Dioxide China Monthly Report

Currently in the off-season for TiO₂, end-user demand is weak, inventories are piling up at producers, and market selling pressure is increasing. Sulfur prices are fluctuating, while sulfuric acid prices are rising in some regions, keeping cost pressure on producers. Following a price cut by a major southwestern producer, many companies have followed suit, with most transactions concluded at lower prices; high-priced offers are hard to realize, and deals are negotiated on a case-by-case basis. The market is expected to remain weak in the near term.

Domestic titanium slag plants are mainly focused on fulfilling orders from regular customers, with few new orders being placed, so prices remain relatively stable.

The Panxi titanium concentrate market remains weak and stable. Major producers have sharply reduced new order prices to reduce inventories, leading to stronger downstream pressure on pricing and making high-priced deals difficult to close. Overall trading activity is light, and new orders are clearly stuck in stalemate, with the weak trend expected to continue in the short term. Affected by the price decline in Panxi, new order prices in other regions have also been lowered, and inquiries are relatively quiet.

Key Market Developments in June 2026

• On 25 May, 2026, Sichuan Anning announced a plan to issue convertible bonds, aiming to raise up to USD366.75 million (RMB2.50 billion).
• In June 2026, domestic TiO₂ producers issue price adjustment notices.
• On 5 June, 2026, Dahutong Titanium's TiO₂ waste acid treatment project passed acceptance check.
• On 5 June, 2026, the EI report for Xinjiang Dongjia's 300,000 t/a TiO₂ project (co‑production process, Phase I: 100,000 t/a) was proposed for approval.
• On 8 June, 2026, Yingchunhua New Material's water‑based coatings project (re‑submitted for approval) (Phase I) passed acceptance check.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB6.8167 on 1 June, 2026, sourced from the People's Bank of China.

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