Chemical Market Research Report

In the United States, the pricing dynamics of Titanium Dioxide have displayed a volatile pattern. Early in the third quarter, Titanium Dioxide prices experienced a significant decline due to reduced inquiries from the downstream Paints and Coatings sector. Additionally, in response to a sluggish Chinese market, manufacturers lowered prices for importing nations like Thailand, the USA, and Brazil. Concerning production, downstream manufacturing firms faced pressure amid subdued demand from the terminal market. The availability of Titanium Dioxide was adequate to meet demand from the downstream construction and automotive industries. However, in the latter half of the third quarter, Titanium Dioxide prices experienced an upward trend following increased offers from the Chinese markets. According to market participants, the upstream Titanium Concentrate prices rose, contributing to the heightened offers for Titanium Dioxide. Moreover, persistent labor shortages continued to impact the US

In the quarter concluding in September 2023, Soda Ash prices saw an increase in the North American region, driven by growing international demand and a rise in consumption within the glass industry. Compounding this trend were uncertainties in production run rates and supply disruptions caused by Hurricane Idalia, which, in turn, limited stock availability in the middle of the quarter. Additionally, the export prices of Soda Ash in the USA were affected by the rise in output costs amid high energy prices. The Soda Ash market in the US experienced bullishness due to improved international and domestic offers during the week. Consequently, market players faced a shortage of inventories to meet existing offers. From a demand perspective, Soda Ash prices gained strength in the US market, propelled by increased glass consumption in the nation's automotive industry since the beginning of August 2023. As a result, the average month-on-month price of Soda Ash light stood at USD 33/MT Ex-W