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According to Huizheng Information, it was previously reported that due to rising raw material costs, the titanium dioxide industry is set to face a “third round” of price increases. Following LB Group’s announcement to raise prices on March 21, other titanium dioxide producers have also begun to follow suit, solidifying the third round of price hikes in the domestic titanium dioxide industry.
As of now, companies including Guangxi Bluestar, Anada, CNNC Huayuan, Guizhou Sunward, Shandong Xianghai, Jiangsu Zhentai, Guangxi Jinmao, Jinhai Titanium, Panzhihua Xingzhong, and Qianjiang Fangyuan have issued notices to raise prices. Domestic customers are seeing an increase of 500 RMB per ton, while international customers are facing a hike of 70 USD per ton. So far, after three rounds of price adjustments, the domestic titanium dioxide industry has seen cumulative increases of 1100-1300 RMB per ton, and the international market has experienced rises of 170-220 USD per ton.
From the current market situation, it will take time to implement new contract prices. However, raw material prices remain strong, and titanium dioxide companies continue to face significant cost pressures, leading to a strong intent to maintain prices.
Under Tariff Barriers, China’s Titanium Dioxide Exports to Southeast Asia Rise
According to customs data, in January and February 2025, China’s cumulative titanium dioxide exports reached 315,900 tons, an increase of 22,500 tons compared to the same period last year, representing a growth rate of 7.67%. In terms of trading partners, the top five export destinations in the first two months of 2025 are India, Turkey, South Korea, the UAE, and Indonesia. Among these, India ranks first with an export volume of 63,600 tons, accounting for 20.13% of total exports. In comparison, the export volume to India in January and February 2024 was 39,200 tons, reflecting a 62.24% increase.
From the export data for the first two months of this year, emerging markets like India, Turkey, and the UAE are experiencing economic growth, with strong demand in downstream industries such as coatings and plastics, driven by infrastructure and real estate development. On the other hand, the reduction in exports due to anti-dumping measures from the EU and India is pressuring domestic titanium dioxide companies to accelerate their expansion into Southeast Asian markets.
From the export data, in January and February 2024, China’s titanium dioxide exports to Belgium reached 22,300 tons, ranking second. However, due to the EU’s anti-dumping measures, Belgium’s export ranking has dropped to fifteenth this year, with an export volume of 5,800 tons. In contrast, exports to Thailand increased from 8,700 tons in January and February 2024 to 12,400 tons in January and February 2025, climbing from outside the top ten to seventh place.
On February 12, 2025, India made a positive final ruling on the anti-dumping investigation regarding titanium dioxide originating from or imported from China, recommending an anti-dumping duty of 460-681 USD per ton on the involved products, effective for five years. The companies affected include LB Group, Anhui Goldstar Titanium( CNNC Huayuan ), Shandong Lubei Chem and its subsidiaries: Shandong Jinhai Titanium, and Shandong Xianghai Titanium.
This year, due to the impact of anti-dumping measures in India, titanium dioxide companies have been actively increasing export orders before the official results are announced to address potential price hikes in the future. In March 2025, it is expected that China’s titanium dioxide exports will remain high at 150,000 to 160,000 tons. Currently, the pressure of domestic overcapacity is prompting titanium companies to increase export orders. In light of the anti-dumping measures, companies are also exploring emerging markets, and they are expected to boost exports ahead of the official announcement of the anti-dumping duties in India, with significant export volumes anticipated for March.
