The European Titanium Dioxide (TiOx) market experienced a bearish trend in mid-February, reflecting subdued sentiment and weak demand. Market participants struggled to offload material amid economic caution, forcing sellers to reduce pricing targets. The ongoing economic headwinds further dampened activity, reinforcing the demand-driven nature of the market. Downstream sectors, particularly construction and automotive, played a crucial role in price fluctuations, amplifying the downward pressure on TiOx pricing.
In key exporting nations, particularly China, a contrasting picture emerged. The Chinese Titanium Dioxide market witnessed its first price surge of xxxx during the week ending February xxth, with xxx FOB Tianjin prices jumping to USD xxxx/MT. This upward movement was directly attributable to the EU&#xx;s imposition of anti-dumping duties on Chinese Titanium Dioxide exports, which began on January xxth. These duties, ranging from €xxx to €xxx per ton and lasting five years, prompted a swift reaction from Chinese producers....
