Titanium Dioxide prices in the Asia Pacific region witnessed a decline in December xxxx, primarily driven by sluggish demand from key downstream sectors like paints and coatings, particularly in the automotive and construction segments.
In China, the export market experienced a x.xx price drop amid thin trading activity and lacklustre demand near year-end. Several producers reduced their offer in an attempt to clear out inventory and ease stock pressure. Asian buyers remained cautious, confident that the ample supply would keep Titanium Dioxide prices steady or potentially lower in the near-term.
The domestic pricing of one of the raw material sulphuric acid in China remained stable to firm, driven by consistent demand from phosphate fertilizer producers. This stability, however, did not translate into increased activity in the Titanium Dioxide market. Buyers were hesitant to enter the spot market in the latter half of December, anticipating further price...
