Because of some underlying supply limitations, the prices of European titanium dioxide (Tio2) have largely increased. Double digit or even triple digit rises were largely heard for the first quarter. And there are many factors for this firmer price tendency, such as Venator’s extended output disruption of Pori plant, the increasingly attractive Chinese imports for sulphate based TiO2, low stock, market demand, exchange rate, and so on.
In china, because of the weather and snowfall, titanium dioxide began to rise in price ahead of time. Since TiSea announced a rise in price in January 9th, there is total of six companies have announced price hikes until January 26th. At the beginning of 2018, many international titanium dioxide enterprises have raised their prices. In 2017, China titanium dioxide trade market showed a vigorous situation, the main reason is the rapid rise in demand for titanium dioxide in India, Indonesia, Brazil and other countries.
But there are difference between sulphate based and chloride based Tio2. The low-end is typically reflective of sulphate based Tio2, while chloride based product is the upper end. Import sulphate based TiO2 is becoming increasingly attractive during January, although the ongoing Chinese environmental protection policy, import sulphate-based TiO2 from China is available now. Buyers are paying close attention to imports from China.
The demand for the first half of this year is expected to be healthier than usual. The spot prices of Chinese titanium dioxide were kept stable and even rises. Besides, the Chinese yuan against the US dollar exchange rate is rising, this provides support to Chinese export cargoes in the weeks ahead. And OKCHEM anticipate that Chinese manufactures are likely to push for hikes as the price gap between Chinese exports and other international suppliers continues to widen. With the increase of the demand for titanium dioxide globally, the production of titanium dioxide is difficult to keep up for a time, 2018 may continue the situation of 2017.