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According to Procurement Resource, the second half of the year would be passive for the price trendss of Titanium Dioxide. The major entities weighing on the prices are expected to be over-supply and matured inventories, sluggish demand from the downstream paints and varnishes, and enfeebled costs of upstream processes.

Coronavirus-related shutdowns in the first half of the quarter prompted forcible measures at several small-scale ilmenite factories in China and India, subsequently exacerbating the Titanium supply problem. The chemical's tight supply condition was extended until the end of the quarter, as few participants were heard holding cargoes in expectation of an exceptional surge in its seasonal demand.