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After experiencing a month of doldrums, TiO₂ prices have once again fallen, with sulphuric acid-process products decreasing by approximately 300 yuan/mt compared to yesterday. In terms of supply, producers have continued to maintain production cuts and maintenance, with overall production remaining low but stabilizing, and inventory digestion having a significant effect. It is worth noting that the newly constructed 100,000 mt/year rutile-type TiO₂ project of Inner Mongolia Dadi Yuntian Chemical Co., Ltd. commenced production at the end of June and is currently in the trial production stage, with an expected monthly production capacity of 2,000 mt. On the demand side, procurement demand from the coating industry remains weak, with no obvious signs of recovery. The current oversupply situation in the market remains unchanged, and after some producers adjusted their prices, the market has entered a wait-and-see period, with all parties awaiting clearer price signals. SMM will continue to track the market trends in August.
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