On the evening of January 31, LB Group announced that from February 1, 2023, all specifications of titanium dioxide of the company (including sulphuric acid process titanium dioxide, titanium dioxide by chlorination method) would be raised by 1,000 yuan/mt for various domestic customers and $150/mt for international customers from the original prices. The company said that the adjustment of product prices will have a positive impact on the improvement of the company's overall performance.

On February 1, Hui Yun Titanium Industry Corporation Limited, CNNC HUA YUAN Titanium Dioxide Co., Ltd. and Gpro Titanium Industry Co.,Ltd. also issued announcements to raise prices.