“Now the world is under COVID-19 Pandemic. The global stock market collapse dramatically. Not just the medical instruments industry suffers from the supply, but also the titanium dioxide industry suffers.”
24th Feb, the Chemours first announced the price rise in the Asia Pacific region. And then followed by CHTI, the whole industry from China announced the price rise from 50USD~120USD/MT.
On 11th March, another global top player TRONOX followed and announced 120USD up in the Asia Pacific region.
“With the expansion of the COVID-19 pandemic, the global needs may shrink sooner or later. By then, the price and needs will gradually shift to balance. But how long is that? Nobody has a clear answer.” According to an analyst in the tio2 industry.