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Titanium dioxide (or TiO2) fundamentals are becoming better than expected. Investor fears that feedstocks will continue to increase seem to be unreasonable. Inventory build-up that occurred in 2017 overstated the demand. Subsequently, the reverse is occurring as TiO2 inventory destocking is happening now. The decline in average selling prices was due to a consolidation of higher European selling prices towards North American prices and fragile business conditions in the Asia Pacific, partially offset by strong pricing for specialty TiO2 products globally. Can Venator Materials Plc (VNTR) rise from the challenge unscathed?