A Large Number of Chinese Titanium Dioxide Producers Hike Prices to Domestic and International Customers Considerably amid Cost Pressure and Optimism over Demand Recovery

SHANGHAI, Feb 28 (SMM) - With the resumption of work and production in various industries after the Chinese New Year, it is foreseen that the national economy will enter a period of rapid recovery in 2023. Coupled with rising price of titanium ore and sulphuric acid in the upstream of the titanium industry chain, more than 20 leading titanium dioxide companies, such as LB Group and CNNC Titanium Dioxide, announced at the beginning of February that the sales price of various types of titanium dioxide will be raised by 800-1,000 yuan/mt to domestic customers and $ 100-150/mt to international customers.

With the price increase of leading enterprises, others followed suit. As of February 24, the price of SMM rutile titanium dioxide was 15,000-16,000 yuan/mt.