Dear Industry Colleagues,
Greetings!
China is the world's major producer of titanium dioxide, with an annual output exceeding 5 million tons. However, due to differences in the scale, processes, and product grades of production enterprises, the market has long faced issues with inconsistent ex-factory prices and a lack of a unified reference index for transaction settlements.
Based on in-depth research into the annual production capacity of Chinese titanium dioxide enterprises, with a sample coverage rate exceeding 95%, SMM has determined weightings according to the annual production capacity proportions of the three major product categories: anatase, rutile, and the chloride process (these weightings will be updated through quarterly research). These weightings are combined with the same-day market transaction prices of various product types for weighted calculations, forming the "SMM China Titanium Dioxide Price Index".
This index aims to achieve two primary functions: first, to provide an authoritative and transparent pricing reference for market transactions; and second, to reflect the overall price trends and fluctuations of the Chinese titanium dioxide market more comprehensively and accurately.
Effective from March 20, 2026, the "SMM China Titanium Dioxide Price Index" will be officially released.
Moving forward, SMM will continuously optimize the index's data collection system and calculation model to ensure the timeliness and accuracy of the index data, providing professional and reliable price reference benchmarks for titanium dioxide market participants and supporting the high-quality and orderly development of the industry. Details of the price point are as follows:
- Product Name: SMM China Titanium Dioxide Index
- Definition: Ex-works price (including VAT)
- Unit: Yuan/t
- Quality Standard: Compliant with National Standard GB/T1706-2006
- Mainstream Brands: LB Group Co., Ltd., Pangang Group Titanium Industry Co., Ltd., etc.
- Minimum Transaction Volume: 30 Metric Tons
- Delivery Period: Within 30 days
- Release Time: Weekdays at 11:30 AM Beijing Time
- Payment Terms: Cash, and other payment methods standardized to cash
SMM Titanium Industry Chain Research Team
March 19, 2026