In the first week of December xxxx, Titanium Dioxide prices experienced a slight decline of x.xx, primarily driven by oversupply conditions and weak demand from end-use industries. Despite the stable price of ilmenite, the raw material used in Titanium Dioxide production, it had no significant effect on pricing trends during this period. As the year-end approached, market sentiment remained cautious, reflecting broader economic conditions.
The bearish trend in Titanium Dioxide prices can be attributed to several key factors. With peak festivities over, demand from end-use industries, particularly in the paints and coatings, automotive, and construction sectors, remained sluggish. Additionally, seasonal dullness set in, further slowing demand. Manufacturers, operating under ample supply and weak market conditions, reduced their operating rates and remained in destocking mode. To clear excess inventories, they offered discounts, which resulted in the price of Titanium Dioxide xxx FOB Hamburg settling at USD xxxx/MT in...
