On Dec 17., 2015, successive global TiO2 magnates raised their product prices in just five days and the average increase in prices was about USD150/t. TiO2 magnates had high stock levels since the beginning of the second quarter of 2015, which has put them under pressure. In order to relieve this situation, they sacrificed profits to reduce inventory level, and the price of TiO2 continued to drop.
TiO2 magnates were always cautious about raising TiO2 prices, especially when it came to raise price in the Asia-Pacific region. The Chemours Company (Chemours) published some announcements about raising prices, but none of the announcements had mentioned raising price in the Asia-Pacific region.