In Europe, the downstream paints and coatings sector presented weak demand in front of the titanium dioxide manufacturers, and thus, the titanium dioxide price trend experienced a gradual decline in its trajectory. Additionally, the pressure of inflation and increasing bank interest rates lowered the spending appetite of consumers which had an adverse effect on the titanium dioxide price trends. Further, the export and import of titanium dioxide were also caught under the negative influence of the poor economic conditions of the market.
- Furthermore, ethical sourcing practices can help maintain stable pricing by fostering long-term relationships with miners and producers. These relationships ensure continuity of supply and can mitigate against market volatility, which often leads to sudden price spikes.
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What exactly is titanium dioxide?
Drivers
Titanium dioxide is a mineral that’s used as a white coloring in a variety of products, including sunscreens, cosmetics, paints, and plastics. The pigment grade is also known as titanium white, pigment white 6, or CI 77891; it's the whitest and brightest of all known pigments.
According to Procurement Resource, the second half of the year would be passive for the price trendss of Titanium Dioxide. The major entities weighing on the prices are expected to be over-supply and matured inventories, sluggish demand from the downstream paints and varnishes, and enfeebled costs of upstream processes.