Americas Chemicals: Recent Chinese TiO2 Export Data Remains Elevated

Chinese TiO2 exports remain elevated, putting pressure on global prices despite domestic production constraints. Consequently, we see limited pricing upside for Western producers in 2H 2026.

Key Takeaways

• 1.Chinese TiO2 net exports remain elevated, suggesting the domestic product is more resilient to production issues than expected.
• 2.Weaker paint volumes and high Chinese exports are expected to soften the TiO2 market by summer, limiting price increases.
• 3.We updated KRO (Kronos Worldwide) estimates, noting benefits from cost structural actions and lower operating rates.

Table of Contents

• Valuation and Key Risks
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial