The Asian titanium dioxide market has continued to gain upward momentum throughout mid-March xxxx. The upward trend in prices has been stimulated by supply-side constraints amid challenges in production capacities across the key exporting nations, including China and South Korea. There is now less titanium dioxide available due to production limitations and reduced operating rates brought on by facility closures over the Lunar New Year holidays. In order to take advantage of the good market conditions, sellers raised their quotations for March after depleting their current stocks and predicting steady demand from the downstream end-use sectors.
As for China, the titanium dioxide market has experienced a wave of price hikes initiated by leading manufacturers such as LB Group Co. Ltd. Following this, more than twenty-three other sellers, including Shandong Dongjai Group and China Nuclear Huayan, decided to raise their quotations for March. Rising...
