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On November 30th Venator Materials announced that it would raise the price of titanium dioxide worldwide from January 1st next year. While the reasons for the price increase have not been publicly discussed, for those familiar with industry practice, this is a manifestation of optimism about the market next year.
The price increase of 120 euros per ton or $150 per ton ($0.06 per pound) is slightly higher than the March price increase (100 euros per ton or $120 per ton), and Ventor raised prices in February last year, a cycle that is the result of the climate impact of the titanium dioxide industry and can now be seen as evidence of a recovery in market confidence
.
Venator raised prices in the first half of March and April, the beginning of a global outbreak, when China's domestic production and transportation difficulties, raw material shortages become a global phenomenon. Today, China has become a global model for the control of the new crown outbreak, but also become the main driving force of the global economic recovery, correspondingly, the domestic titanium dioxide as early as August has been constantly rising, so far, leading enterprises long-term share price doubled this year as much as 120%, the degree of popularity can be seen.
, as one of the economic barometers of titanium dioxide at home and abroad a general momentum, meaning the beginning of economic recovery, as well as the industry's optimistic expectations of the future market.
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