Asian titanium dioxide market trading atmosphere is poor, buyers are basically in a wait-and-see situation, a small single purchase. In addition, the continued weakness of the overall price has also affected the enthusiasm of downstream procurement to some extent.
In China, due to the weakness of the renminbi, buyers have lower intentions to purchase imported resources. Buyers in Taiwan and South Korea waited and watched prices fall further, after all, the current market sentiment was too weak. Japan's domestic titanium dioxide market is stable, and its local resource prices remain at 310-350 yen/kg.
Buyers in Southeast Asia are watching the market and the economic development prospects are clearer. The atmosphere of the spot negotiations is limited, and the buyers’ current inventory is adequate.
Asian valuations held steady this week compared to last week, at 2250-2450 USD/ton.
In China, due to the weakness of the renminbi, buyers have lower intentions to purchase imported resources. Buyers in Taiwan and South Korea waited and watched prices fall further, after all, the current market sentiment was too weak. Japan's domestic titanium dioxide market is stable, and its local resource prices remain at 310-350 yen/kg.
Buyers in Southeast Asia are watching the market and the economic development prospects are clearer. The atmosphere of the spot negotiations is limited, and the buyers’ current inventory is adequate.
Asian valuations held steady this week compared to last week, at 2250-2450 USD/ton.
Shanghai Shengduan Trading Co., Ltd. , https://www.shsdchem.com