The titanium dioxide market began September with a mix of increased, stable and slight decrease across the global market. Chinese exports firmed in response to strong foreign demand, even amid continued port congestion at major terminals. The US Gulf Coast saw a small gain with healthy, diversified import flows, while Brazil’s Santos Port succumbed to a lack of buying interest. South Korea’s Busan market strengthened against solid export orders, and Japan’s Nakanoshima market ended a 12-weeks losing streak with a modest gain. As upstream prices remained firm and freight rates stayed relatively competitive, market sentiment for Q4 will be cautiously optimistic.
