Market Dynamics
The Titanium Dioxide Market Needs Confidence and Environment
Time: 2024-10-28 Source from: Titanos
As October approaches its end, the price of titanium dioxide has remained weak and stable. Recently, there have been rumors that major producers are implementing discount policies, and some new order prices in the market have seen a slight decline. However, this new policy is conditional; for these suppliers, it is merely a risk. Most choose to keep prices stable and observe market changes. Similar to last week’s situation, the overall price trend for titanium dioxide is downward, but those with room to adjust prices have already done so, leading to stable real transaction prices. This is also a "slow price adjustment" strategy adopted by major producers in response to the poor market conditions, extending the weak cycle as a way of trading time for space.
This week, market information is relatively scarce, primarily because, on one hand, end-user demand is not strong, and on the other, users no longer feel the need to actively gather market information, as visiting suppliers bring their own news. Recent orders have mainly been of urgent necessity, though limited in number, all being real orders. As we enter the fourth quarter, from the supply side, both producers and distributors face certain sales pressures aimed at fulfilling year-end goals, leading some market personnel to adopt a pessimistic mindset, which can be contagious. With more people sharing this sentiment, it can create a negative atmosphere.
The fundamental reason for the continued weakness in prices is still overcapacity, with supply exceeding demand. When prices drop to a certain level, the supply side gradually begins to adjust operating rates, reducing supply to achieve a balance between supply and demand; this is the harsh reality of the market. Just as those who achieve great success often experience tough times, only by overcoming these difficulties can a better future be realized. Therefore, the future of the titanium dioxide market needs confidence and perseverance; facing challenges together will bring more opportunities. Even in such a challenging international environment, China's titanium dioxide exports still grew by 1.23% year-on-year.
As a professional raw material service provider, Titanos Group leverages its scale to provide stable supply, high quality, low prices, and fast logistics. In a complex market environment, choose reputable service providers. Titanos Group – a "ten-thousand-ton" service provider, with clear advantages in quality assurance, stable supply, competitive pricing, and efficient logistics.