In the fourth week of May xxxx the Titanium Dioxide (TiOx) market in China showed a continued weak pricing trend. This drop highlighted the ongoing challenges faced by the Chinese market where supply remained high and demand from key industries like construction and automotive coatings stayed low. Confidence in the Titanium Dioxide market remained weak as both domestic and foreign buyers were hesitant to place new orders.
One major reason behind the low market sentiment was the slowdown in exports. Chinese producers of Titanium Dioxide were facing fewer international orders especially after India enforced new trade restrictions. On May xx xxxx, India’s Ministry of Finance imposed definitive anti-dumping duties on Titanium Dioxide imported from China with tariffs ranging between USD xxx and USD xxx per metric ton. These duties will stay in place for five years and were based on an...
