In early June, the Titanium Dioxide market in Europe especially in Germany moved upward showing a clear rise in prices. The weekly increase in Titanium Dioxide prices was supported by reduced supply and steady demand. A key reason for the tight supply was the cutback in production by major companies. One of the major players, AkzoNobel decided to shut down its manufacturing sites in the Netherlands and Belgium. This step was part of its broader industrial restructuring plan. However, this move added more pressure to the already tight Titanium Dioxide supply in the region.
At the same time distributors and sellers across Europe were seen holding very low inventory levels. This left little room for restocking, which made it harder for buyers to find enough Titanium Dioxide in the market. Because of this seller saw an opportunity to raise their prices. Many of them...
