Titanium dioxide market in US, Europe and Asia is unanimously depressed

According to reports, due to the weakening of the macro economy, the three major markets for titanium dioxide in the United States, Europe, and Asia are unanimously depressed. In the United States, the price of titanium dioxide dropped due to oversupply and soft consumption of titanium dioxide. Some market participants confirmed that the plan of the manufacturer to raise 20 cents/lb in the third quarter has not been realized. It is reported that in the third quarter, US titanium dioxide will be lowered by 5-10 cents/lb, which is also the first price cut since June 2007.

The price of titanium dioxide for the week ending July 20 was 2.00-2.12 USD/lb. At the same time, the prices of titanium dioxide in Europe and Asia have also dropped sharply since March 30. Titanium dioxide in Europe in the third quarter fell by 0.10-0.20 EUR/kg to 3.00-3.20 EUR/kg FD Northwest Europe. As the current market is deserted, some buyers take a wait-and-see attitude and expect prices to fall further. The Asian market is also in a sluggish state, with prices stabilizing at US$3,600-3,800/ton CFR Asia.