Lithopone is a white pigment that is commonly used in a variety of industries, including the paint, plastic, and rubber industries. With 30% of the world's lithopone factories located in China, the country plays a significant role in the production and supply of this important chemical compound.

The titanium dioxide market fluctuated in the first two quarters of 2023. These pricing patterns resulted from poor demand and reduced intakes from the downstream industries. Amid the slow demand, the manufacturers were forced to reduce their outputs. With rising inflation rates, production cuts gradually increased. Given the economic downturn, the labor strikes further affected the market dynamics, thereby exerting pressure on the pricing fundamentals.