TiO2 downward price trends continues. Plus side is raw material (sulphur pricess which MOL follows and is more cost effective) is also down.
Per the concall, they need 2 mths to stabilize plant. How quickly will prices revive is the question? Note that article says that Chemours (a large player) declined production and APAC was exporting (reference China is the largest manufacturer).
MOL might also have to lower its prices to gain market share and introduce new product vis-a-vis imported product from China. If anyone has insights on its cost of production (is its technology superior than China and thereby being cost down?), pls share. Concalls do not have any mention except that MOL is not backward integrated in TiO2 which tells me that cost can be higher in comparison to existing players who are
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