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2025-08-16 08:30
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The paints and coatings industry reduced their offtakes which coupled with the drop in the crude oil prices and availability of cheaper imports from the Asian market led to the fall in titanium dioxide prices. The demand decreased significantly in the fourth quarter along with the slow manufacturing due to high inflation rates keeping the price trends of the commodity in the negative zone.
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In May 2021, the European Food Safety Authority (EFSA) published an opinion that stated that titanium dioxide can no longer be considered safe when used as a food additive.