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An Overview of China Titanium Dioxide Market (September 2)

An Overview of China Titanium Dioxide Market (September 2)2016.09.06

Domestic Titanium Dioxide Market

After Tronox announced the price rise last week, another major titanium dioxide producers Cristal announced the price increase of all TiO2 pigments, $0.07/lb for US market; €150/tonne for Eastern and Western Europe, including Turkey; $150/tonne for Latin America, Russia, Middle East, Africa, and Asia. This news is of great advantages for China export market of titanium dioxide. The spot supply for Chinese TiO2 market is tight due to continuous low operation rate recently. OKCHEM believes that although the tenth price increases of domestic TiO2 market is hard to settle down, the prices may have a bigger opportunity to rise in the coming September.weekly report of china tio2 market

According to sources, some producers quoted higher prices for new contracts this week because of the tight spot supply. The main contract prices of rutile titanium dioxide is ¥11800-13500/tonne ($1810-2071), and ¥8800-9800/tonne ($1350-1503) for anatase titanium dioxide, which is firmer than earlier periods.

The current prices of titanium dioxide (September 2): Lomon (R-966), CNY12800-13900 ($1963-2132) per metric ton; Main market price (Rutile Tio2), CNY11800-13500 ($1810-2071) per metric ton; First class manufacturers (Rutile Tio2), CNY12500-13300 ($1917-2040) per metric ton; Second class manufacturers (Rutile Tio2), CNY11600-12300 ($1779-1887) per metric ton; Main market price (Anatase Tio2), CNY8800-9800 ($1350-1503) per metric ton.

 

A Glimpse of Global Titanium Dioxide Market (September 2)

In the European titanium dioxide market, the attention is turning to the fourth quarter and while some early price talks have started, others said they do not expect to start discussing Q4 prices until later in September. Nevertheless, a bullish sentiment is already emerging, with price rises of €150/tonne having been proposed separately by a number of sellers over the past few weeks. The firmer Asian exports could leverage possible rises in Europe. The current contract price of titanium dioxide in the Europe is 1.96-2.25 EUR/kg.

In the US titanium dioxide market, a fourth separate US TiO2 price-increase initiative intended for Q4 implementation surfaced this week. Cristal announced that it intends to raise the price of its TiO2 in North America by 7 cents/lb, effective 1 September. The company, based in Saudi Arabia, but the production facilities in the US, cited no rationale for its latest price initiative, but customers had anticipated continued margin-expansion efforts among producers. The current contract price of titanium dioxide in the US is 1.23-1.30 USD/lb.

Asia market prices of titanium dioxide were assessed as a rollover in the week amid limited spot discussions. Market players pointed to tighter overall supply of TiO2 pigments as the main driver behind the recent spate of price hikes being announced by the major producers in recent weeks. The operating rates of Chinese plants are down month on month. Average operating rates of TiO2 plants in China were at around 61% in August, down 4% from July. The current market price of titanium dioxide in Asia is $2200-2400/tonne.

If you are interested in the precise stats of China titanium dioxide trading activities in September 2016, please follow our Linkedin Page or contact us directly!

 

 

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