Hamburg (Germany): As the first quarter of xxxx concludes, a striking contrast in Titanium Dioxide prices is observed between the European and Asian markets. The Asian market sees sustained high prices due to increased inquiries from the downstream construction sector and a bullish Titanium Ore market. Conversely, in Europe, a slowdown in construction activities has dampened demand for upstream raw materials, including Titanium Dioxide. The European market&#xx;s struggles are compounded by persistently high-interest rates, which have been hindering the construction sector&#xx;s performance for several quarters. This has further exacerbated the subdued demand dynamics for Titanium Dioxide in the region.
In March, Titanium Dioxide prices in Germany plummeted by USD xx per ton, reflecting the challenges faced by the country&#xx;s construction sector. The sector has been severely impacted by elevated interest rates, leading to a slowdown in demand for upstream raw materials. Manufacturers were forced to reduce...
