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Titanium dioxide prices rise for three consecutive months, soaring costs make it difficult for companies to turn a profit
Driven by surging costs, China’s domestic titanium dioxide (TiO2) market, which has been quiet for a long time, has seen a wave of price increases since March. Reporters learned from industry leaders and related sources in the supply chain that, due to continuously rising costs for sulfur and sulfuric acid, in just March alone, domestic TiO2 prices recorded three consecutive increases, with the cumulative increase reaching around 2,000 yuan per ton. Analysts noted that although the TiO2 price increases have already been partially implemented at present, under the impact of high costs, industry companies still face operating pressure; in the near term, the market’s bullish trend may continue. (People’s Finance News)