The price of rutile titanium dioxide in Asia remained stable, and the market fundamentals remained unchanged. Sellers are mostly optimistic about the future market. A major titanium dioxide producer said at a recent meeting in Hong Kong that prices have bottomed out after falling prices last year due to oversupply. An independent major producer said it expects demand in the plastics sector to increase in the coming quarters. However, buyers continue to resist the price increase, and some buyers are looking for alternative rutile titanium dioxide, most of which come from China, and their prices are more competitive.

India's import market is stable, and its purchasing intentions are suppressed due to the strong US dollar. Its domestic titanium dioxide price is 187 rupees/kg. In Southeast Asia, the contract price in the fourth quarter of the paint, coating and plastic field is negotiated at 2200-2800 US dollars / ton. Some market participants said that considering the instability of the exchange rate of the local currency against the US dollar, the import volume may be restricted. In Japan, the average price of titanium dioxide remained stable at 300-350 yen/kg. The valuation in Asia this week remained stable at 2200-2800 US dollars / ton (Asia)