Hamburg, Germany: In January xxxx, the European Titanium Dioxide market observed a slight uptick in prices, reversing the trend from December xxxx. This increase was fueled by the holiday season slowdown in December and limited manufacturing capacity. Additionally, ongoing concerns over reduced mining activities in Qx xxxx continued to affect the supply of upstream Titanium Concentrates. Adding to the market dynamics, major manufacturing plants of Venator LLC in the USA and Lomon Billions Group in China experienced force majeure events. Furthermore, disruptions in the Red Sea region led to increased transportation costs globally, contributing to the upward movement in Titanium Dioxide prices and several other commodities.
The ChemAnalyst database has shown that the prices of Titanium Dioxide have demonstrated an increment of USD xx per ton in Germany on an FOB Basis. The festive period in December caused a deceleration in manufacturing operations, leading to...
