Titanium dioxide market in the doldrums, peak season expectations still lack substantive bullish factors [SMM Titanium Spot Flash]
[SMM Titanium Spot Flash: Titanium Dioxide Market in the Doldrums; Peak-Season Expectations Still Lack Substantive Positives] SMM’s titanium dioxide index stood at 14,080 yuan/mt on August 31, with prices across all categories unchanged from the previous day. The market was in the doldrums. On the supply side, sulphate-process producers attempted to hold prices firm, but follow-through was limited; chloride-process shipments were restricted. Downstream demand was weak, with purchasing mostly on a hand-to-mouth basis. The peak season offered no substantive positives, and the near-term market remained under pressure.