For the Quarter Ending March 2026
Titanium Dioxide Prices in North America
- In USA, the Titanium Dioxide Price Index rose by 7.0% quarter-over-quarter, primarily due to tighter imports.
- The average Titanium Dioxide price for the quarter was approximately USD 2001.33/MT, reported by market assessments officially.
- Titanium Dioxide Spot Price firmed as limited prompt cargoes tightened offers, immediately supporting a stronger regional Price Index today.
- Titanium Dioxide Price Forecast nudged higher reflecting thin inventories and steady but cautious downstream procurement.
- Titanium Dioxide Production Cost Trend recorded upward pressure from feedstock disruptions and elevated freight and energy costs recently globally.
- Titanium Dioxide Demand Outlook remains balanced as coatings and plastics consumption held steady without pronounced near-term expansion seasonally.
- Titanium Dioxide Price Index gains were supported by domestic 85% operating rates and limited merchant inventory availability currently tight.
- Distributor inventory cover tightened to around twenty five days, prompting sellers to hold firmer offers.
Why did the price of Titanium Dioxide change in March 2026 in North America?
- Tight imports and low merchant cargo availability pushed prompt buying, supporting March price strength overall.
- Higher ocean freight and increased energy costs raised delivered costs, pressuring margins and sustaining stronger offers.
- Domestic plants' steady runs limited surplus while distributor cover thinned, keeping market delicate and upwardly biased.
Titanium Dioxide Prices in APAC
- In Japan, the Titanium Dioxide Price Index fell by 1.00% quarter-over-quarter, reflecting balanced supply and muted downstream demand.
- The average Titanium Dioxide price for the quarter was approximately USD 2592.67/MT, based on weekly assessments and balanced import flows.
- Titanium Dioxide Spot Price remained range-bound through the quarter before firming in March on stronger orders.
- Titanium Dioxide Price Forecast signals modest upside near-term as import tightness and sustained converter procurement support offers.
- Titanium Dioxide Production Cost Trend remained elevated because high LNG-linked electricity tariffs and waste-treatment liabilities pressured producer margins.
- Titanium Dioxide Demand Outlook is cautiously constructive with paints, coatings and electronics segments sustaining steady incremental offtake.
- Inventory accumulation in distributors moderated selling urgency, while the Titanium Dioxide Price Index trended firmer into March.
- Domestic plants operated reliably with no major outages, supporting steady supply and balanced import-dependent merchant availability.
Why did the price of Titanium Dioxide change in March 2026 in APAC?
- Reduced domestic sulfate-route operating rates tightened prompt availability, increasing reliance on imported chloride-grade shipments from China
- High LNG-linked power tariffs and waste-sulfate treatment liabilities elevated producer cost pass-through pressure during January-March
- Lunar-New-Year logistical tightness briefly constrained imports while stronger coatings demand lifted spot nominations into March
Titanium Dioxide Prices in Europe
- In France, the Titanium Dioxide Price Index rose by 3.24% quarter-over-quarter, supported by steady plant availability and resumed exports.
- The average Titanium Dioxide price for the quarter was approximately USD 3470.67/MT based on FOB Le Havre assessments.
- Titanium Dioxide Spot Price remained rangebound, reflecting transaction volumes while the Price Index tracked gradual upward weekly momentum.
- Titanium Dioxide Price Forecast indicates limited near-term upside given balanced supply, steady feedstock flows, and muted domestic demand.
- Titanium Dioxide Production Cost Trend remained flat as stable ilmenite imports and low French power volatility restrained cash-cost pressures.
- Titanium Dioxide Demand Outlook is moderate; coated market restocking offset weak construction, keeping overall offtake balanced.
- Inventories rose slightly, limiting seller leverage while the Titanium Dioxide Price Index showed only modest weekly firming.
- Producers operated near nameplate; tight export windows and smooth logistics supported offers amid balanced spot interest.
Why did the price of Titanium Dioxide change in March 2026 in Europe?
- Balanced French plant output and resumed Southern European export enquiries maintained supply, preventing significant March price increases.
- Stable ilmenite imports and contained nuclear-driven energy costs kept production cash-costs flat, limiting cost-push inflation.
- Seasonal slowdown in coatings demand and elevated distributor inventories reduced spot enquiries, nudging prices slightly lower.
South America
- In Brazil, the Titanium Dioxide Price Index rose by 4.32% quarter-over-quarter, reflecting feedstock tightness upstream.
- The average Titanium Dioxide price for the quarter was approximately USD 1761.00/MT based on reported assessments.
- Titanium Dioxide Spot Price remained firm as distributors reported brisk clearing of inbound CFR parcels.
- Titanium Dioxide Price Forecast shows limited near-term downside given sustained downstream buying and constrained ore shipments.
- Titanium Dioxide Production Cost Trend remained benign as freight reductions offset energy and feedstock expenses.
- Titanium Dioxide Demand Outlook positive from coatings and plastics; front-loaded purchases tightened merchant inventories across ports.
- Titanium Dioxide Price Index reflected upward momentum as ilmenite shortages constrained domestic processing and import parcels tightened.
- Export demand, distributor inventories and producer rates combined to sustain spot inquiry and CFR asking levels.
Why did the price of Titanium Dioxide change in March 2026 in South America?
- Tighter feedstock flows reduced intermediate availability, limiting spot parcel volumes and lifting seller bargaining leverage.
- Robust coatings and plastics offtake drove import run-rates higher, accelerating front-loading and depleting merchant inventories.
- Lower container freight reduced landed costs, but firmer export offers prevented meaningful price relief overall.
For the Quarter Ending December 2025
North America
- In the USA, the Titanium Dioxide Price Index fell by 6.5% quarter-over-quarter, driven by surplus.
- The average Titanium Dioxide price for the quarter was approximately USD 2804.00/MT, reflecting import parity.
- Titanium Dioxide Spot Price remained restrained as ample inventories and steady imports limited market rallies.
- Titanium Dioxide Price Forecast points to softness as seasonal demand slows and inventories remain elevated.
- Titanium Dioxide Production Cost Trend showed limited pressure as ilmenite feedstock stabilized and freight eased.
- Titanium Dioxide Demand Outlook remains cautious with coatings and plastics slowing, prompting distributor destocking continuing.
- Titanium Dioxide Price Index recorded a single-digit decline amid oversupply, weak offtake and year-end destocking.
- Export volumes softened and smooth port operations enabled distributors to offer concessions clearing excess inventories.
Why did the price of Titanium Dioxide change in December 2025 in North America?
- Elevated GulfCoast inventories and distributor destocking reduced spot demand, forcing sellers to lower offers further.
- Seasonal coatings and plastics slowdown constrained industrial offtake, weakening demand versus available import domestic supply.
- Stable feedstock costs and softer ocean freight limited production inflation, enabling sellers to offer discounts.
APAC
- In Japan, the Titanium Dioxide Price Index fell by 4.03% quarter-over-quarter, reflecting balanced supply conditions.
- The average Titanium Dioxide price for the quarter was approximately USD 2297.00/MT, per Nakanoshima assessments.
- Titanium Dioxide Spot Price remained subdued as sellers reduced offers amid inventory and cautious procurement.
- Titanium Dioxide Price Forecast expects limited upside due to steady supply and flat feedstock costs.
- Titanium Dioxide Production Cost Trend showed flat sulphuric acid and energy costs, limiting cost pass-through.
- Titanium Dioxide Demand Outlook is steady, supported by coatings and plastics while seasonal restocking muted.
- Titanium Dioxide Price Index stability concealed selective export demand for premium grades and arbitrage flows.
- Inventory levels remained near average, reducing urgency for spot buying and capping immediate upward pressure.
Why did the price of Titanium Dioxide change in December 2025 in APAC?
- Adequate domestic supply and moderate export demand reduced seller pricing power, pressuring December quotations mildly.
- Stable sulphuric acid and energy costs kept production expenses flat, preventing December cost-driven price increases.
- Smooth port operations and sufficient inventories encouraged wait-and-see buying, limiting spot volatility and upside momentum.
Europe
- In France, the Titanium Dioxide Price Index fell by 1.56% quarter-over-quarter, citing softer export demand.
- The average Titanium Dioxide price for the quarter was approximately USD 3361.67/MT, FOB Le Havre.
- Titanium Dioxide Spot Price remained range-bound with muted moves as supply and operating rates stayed.
- Titanium Dioxide Price Forecast points to modest month-to-month adjustments driven by inventories and export demand.
- Titanium Dioxide Production Cost Trend was stable, supported by steady sulphuric acid and electricity tariffs.
- Titanium Dioxide Demand Outlook remains neutral; coatings and plastics stable while automotive coatings slow seasonally.
- Titanium Dioxide Price Index movements were cushioned by measured inventories, smooth port logistics and offers.
- French exports to Southern Europe, North Africa, UK supported volumes, limiting FOB Le Havre downside.
Why did the price of Titanium Dioxide change in December 2025 in Europe?
- Balanced supply and steady production at Le Havre maintained availability, preventing significant upward price pressure.
- Stable sulphuric acid and nuclear electricity costs limited production cost inflation and cushioned FOB offers.
- Soft seasonal domestic demand and cautious buyer behaviour reduced urgent purchases while exports provided support.
South America
- In Brazil, the Titanium Dioxide Price Index fell by 1.97% quarter-over-quarter, reflecting import-led destocking pressure.
- The average Titanium Dioxide price for the quarter was approximately USD 1688.00/MT, reflecting landed economics.
- Titanium Dioxide Spot Price remained range-bound as balanced imports and steady domestic demand limited upside.
- Titanium Dioxide Price Forecast shows volatility with upward pressure if anti-dumping and feedstock costs persist.
- Titanium Dioxide Production Cost Trend rose from higher ilmenite and rutile quotations in December period.
- Titanium Dioxide Demand Outlook cautious as construction stimulus supports volumes but working capital limits restocking.
- Titanium Dioxide Price Index stability reflected imports, inventories and no major port congestion at Santos.
- Domestic producers kept export allocations tight, diversified sourcing preserved supply balance, tempering seller pricing power.
Why did the price of Titanium Dioxide change in December 2025 in South America?
- Imported Chinese supply increases and distributor destocking pressured local prices despite steady downstream industrial consumption.
- Anti-dumping duties and ilmenite quotations raised landed costs, offset by softer Atlantic freight rates.
- Smooth port operations and manageable freight facilitated deliveries, limiting short-term upward price pressure in December.
For the Quarter Ending September 2025
North America
- In the USA, the Titanium Dioxide Price Index fell by 4.96% quarter-over-quarter, driven by imports.
- The average Titanium Dioxide price for the quarter was approximately USD 1890.00/MT, per CFR USGC.
- Titanium Dioxide Spot Price remained pressured as elevated imports and cautious buying limited spot volumes.
- Titanium Dioxide Price Forecast suggests modest upside if restocking increases, while oversupply risk remains present.
- Titanium Dioxide Production Cost Trend showed pressure as freight and feedstock dynamics influenced landed economics.
- Titanium Dioxide Demand Outlook remains moderate with paints, coatings, and plastics providing steady consumption support.
- Inventory builds and steady import flows pressured the Titanium Dioxide Price Index, constraining seller pricing.
- Easing freight and improved USGC port operations influenced arrivals and scheduling for Titanium Dioxide shipments.
Why did the price of Titanium Dioxide change in September 2025 in North America?
- Feedstock tightness and idled capacity raised landed costs, supporting firmer CFR offers in September 2025.
- Moderate domestic demand and cautious procurement limited upside despite competitive import offers, stable upstream costs.
- Easing transpacific freight and smooth USGC port operations improved receipts, yet allocation kept spot tight.
APAC
- In Japan, the Titanium Dioxide Price Index fell by 6.70% quarter-over-quarter, driven by weak demand.
- The average Titanium Dioxide price for the quarter was approximately USD 2393.33/MT, reflecting subdued trade.
- Titanium Dioxide Spot Price remained stable as buyers deferred purchases amid elevated inventories, cautious budgets.
- Titanium Dioxide Price Forecast shows modest upside if restocking increases or typhoon disruptions tighten supply.
- Titanium Dioxide Production Cost Trend remained muted as sulphuric acid and energy costs were stable.
- Titanium Dioxide Demand Outlook is subdued with construction and automotive coatings procurement remaining cautious, delayed.
- Titanium Dioxide Price Index faced downward pressure from competitive Chinese exports and softer regional offtake.
- Inventories rose and export demand softened, while Yokohama operational adjustments briefly tightened domestic distribution further.
Why did the price of Titanium Dioxide change in September 2025 in APAC?
- Moderate restocking ahead of seasonal projects increased prompt demand, interrupting earlier prolonged bearish momentum notably.
- Temporary Yokohama terminal adjustments constrained inland logistics, supporting short-term prompt price firmness for immediate delivery.
- Weak construction and automotive procurement sustained pressure despite neutral upstream cost dynamics and steady rates.
Europe
- In France, the Titanium Dioxide Price Index rose by 7.34% quarter-over-quarter, driven by steady exports.
- The average Titanium Dioxide price for the quarter was approximately USD 3415.00/MT, export-weighted FOB data.
- Titanium Dioxide Spot Price remained rangebound as moderate inventories and steady export shipments limited volatility.
- Titanium Dioxide Price Forecast indicates downside risk if post-summer demand weakens and inventories remain elevated.
- Titanium Dioxide Production Cost Trend eased as sulphuric acid and electricity prices softened this quarter.
- Titanium Dioxide Demand Outlook remains mixed with construction activity supporting exports while automotive procurement softened.
- Rising distributor inventories pressured the Titanium Dioxide Price Index, prompting seller discounts in spot market.
- Port operations stabilized and competitive Asian offers may cap French FOB gains despite firm rates.
Why did the price of Titanium Dioxide change in September 2025 in Europe?
- Steady export volumes and balanced supply limited downside despite domestic demand softening in coatings sectors.
- Easing sulphuric acid and energy costs slightly reduced production expense, contributing to modest price support.
- Higher distributor inventories and cautious buyer behaviour applied downward pressure on spot activity and offers.
South America
- In Brazil, the Titanium Dioxide Price Index fell by 5.63% quarter-over-quarter, reflecting weak downstream demand.
- The average Titanium Dioxide price for the quarter was approximately USD 1722.00/MT and subdued procurement.
- Titanium Dioxide Spot Price experienced dips while the Price Index remained under import-driven downward pressure.
- Titanium Dioxide Price Forecast signals limited upside given cautious Demand Outlook for coatings and plastics.
- Soft crude and moderate energy eased the Titanium Dioxide Production Cost Trend, capping supplier ambitions.
- High inventories at Santos pressured the Titanium Dioxide Price Index, prompting distributors to offer discounts.
- Limited domestic procurement kept the Demand Outlook muted, while regional export interest provided occasional support.
- Easing freight volatility supported imports, maintaining supply continuity and tempering Titanium Dioxide Price Index spikes.
Why did the price of Titanium Dioxide change in September 2025 in South America?
- Steady Chinese imports increased Santos inventories, exerting downward pressure on the Titanium Dioxide Price Index.
- Cautious procurement by paints and plastics sectors reduced offtake, weakening demand and depressing spot activity.
- Moderate freight easing and slight crude relief limited production cost pressures, preventing meaningful upward momentum.
For the Quarter Ending June 2025
North America
- The Titanium Dioxide Price Index (CFR USGC) ended Q2 2025 with a weaker finish, reflecting an overall decrease of 1.2% in the quarter and a small increase to USD 3,190/tonne in July related to some short-term restocking demand and tight domestic availability.
Why did the price of Titanium Dioxide change in July 2025?
- Prices increased marginally in July after a Q2 dip due to temporary supply tightening amid planned plant turnarounds and improved downstream consumption in coatings and construction.
- The Titanium Dioxide Spot Price recovered slightly in mid-July due to lean inventory levels and limited spot material availability from local producers.
- Weak housing activity, stagnant industrial coatings demand, and continued destocking from key formulators weighed on Q2 demand sentiment.
- Freight costs remained stable, but trucking delays in the Midwest caused minor delivery disruptions.
- Titanium Dioxide Production Cost Trend remained largely stable in Q2 due to flat feedstock (ilmenite, rutile) prices, but operating margins were compressed by weak downstream offtake.
- Titanium Dioxide Demand Outlook for Q3 2025 remains cautious; buyers may delay purchases expecting price stability, though seasonal demand from architectural coatings could support volume.
- Titanium Dioxide Price Forecast: Flat to slightly bearish for Q3 unless supply tightness persists into August.
Europe
- The Titanium Dioxide Price Index (FOB France) fell by 2.1% in Q2 2025, with July closing around USD 3,050/tonne, reflecting weak downstream offtake and regional oversupply.
Why did the price of Titanium Dioxide change in July 2025?
- Prices declined further in July due to sluggish recovery in architectural coatings and lackluster industrial demand from the automotive sector across Western Europe.
- France witnessed stable domestic supply, but demand remained underwhelming due to soft construction activity and tightening of VOC emission compliance among end-users.
- The Titanium Dioxide Spot Price slipped as sellers prioritized volume over margins amid fierce competition from Asian imports.
- Titanium Dioxide Production Cost Trend showed slight reduction, driven by lower energy input prices and improved feedstock availability, particularly from Eastern European sources.
- Market participants reported low inventory drawdown, and producers in Germany and Belgium focused on exports to manage excess material.
- Titanium Dioxide Demand Outlook for Q3 2025 remains muted, with key players waiting for macroeconomic clarity; minor uplift is expected if Southern Europe construction rebounds.
- Titanium Dioxide Price Forecast: Likely to remain under pressure unless capacity rationalization or stronger exports to the Middle East improve the supply-demand balance.
APAC
- The Titanium Dioxide Price Index (FOB Australia) remained volatile in Q2 2025, declining by 1.6% by quarter-end, with July levels at USD 2,800/tonne amid persistent export competition.
Why did the price of Titanium Dioxide change in July 2025?
- Prices in July weakened further due to aggressive price undercutting by Chinese exporters and low industrial pigment demand from Southeast Asia.
- The Titanium Dioxide Spot Price dropped as end-users across Asia-Pacific remained cautious, leading to reduced offtake volumes from Australia.
- Titanium Dioxide Production Cost Trend remained elevated in Australia due to higher labor and energy costs, despite feedstock cost moderation.
- Oversupply risks remain high in China and India, where capacity utilization remains under 80%, further pressuring global pricing.
- Domestic demand in Australia was steady but insufficient to offset weaker offshore bookings, especially from ASEAN.
- Titanium Dioxide Demand Outlook for Q3 suggests potential improvement if Indian infrastructure projects proceed on schedule and if Chinese output is curtailed.
- Titanium Dioxide Price Forecast: Flat-to-slightly bearish unless curtailed exports from China tighten availability in the region.
