Keep going up! The highest rise of 1000 CNY/ton! Europe is cutting production and supply is tight!

Titanium dioxide prices rose, part of the titanium dioxide factory price adjustment letter, the price of 1000 CNY/ton, affected by the continuous rise of raw materials, titanium dioxide production enterprises increased cost pressure. At present, the downstream market demand is weak, basic just need to stock up, logistics in some areas is blocked, production demand is also decreasing, the market is firm in the short term, the market deadlock!

Venator titanium white sales in the third quarter decreased by 25% compared with the previous quarter

Venator, a global supplier of titanium dioxide and additives, said that sales of its titanium dioxide products in Europe and Asia have fallen sharply, and that it expects its titanium dioxide sales in the third quarter to fall 25% from the second quarter.

Venator has reduced production at its plant in Urdingen, Germany, to minimum levels given high energy costs in Europe, and is also reducing production at its plant in Duisburg, Venator President and Chief Executive Simon Turner said. Venator is easing cost pressures by cutting production in Europe.

The agency believes a 10 to 20 percent reduction in production in Europe is possible, and that European factories are facing competition from China, where prices have fallen rapidly over the past few months and exchange rates have given Chinese suppliers a growing advantage in Europe.

The production capacity of titanium dioxide in Europe accounts for about 18% of the world. At present, many titanium dioxide enterprises in Europe have stopped production and reduced production. The production capacity has been reduced to 20% of the total load, and the supply is tight.