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TiO2 is used in paints among other products

Focus Asia TiO2 faces downward pressure, buyers eye lower prices

Focus story by Alexis Gan

SINGAPORE (ICIS)--Asian titanium dioxide (TiO2) sellers are facing stiff buying resistance despite substantial cut in prices by some major global producers because of weak demand, industry sources said on Monday.

One major North-American-based supplier slashed prices by $100-150/tonne last week in a move to woes buyers, industry sources.

A separate major supplier, based in Europe, offered price reduction between $50-80/tonne to its regular large buyers in southeast Asia.

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