There is further feedback that European TiO2 contract prices are largely up for the second quarter, but the price rises in Q2 are lower than the previous periods.
Views on European TiO2 supply vary among different parties. The buyers and resellers describes that the supply has been increased, while producers say the continued tight supply is likely to persist.
Some buying and reselling sources said that the price would not rise sharply because the availability has generally been improved due to some stock during low season.
At present, demand from the main downstream paints and plastics sectors has not yet reached to the peak season, therefore, there would be less pressure on supply for the time being.
Some buyers expect that European availability is likely to improve in the future because of the anticipated further ramp-up of Venator's TiO2 Pori plant in Finland and the increasing imported products from China.
Some other buyers expect the prices to stabilize if not decrease, while producers expect the tightness of TiO2 market will continue for the rest of 2018 due to the inventory still remains low throughout the supply chain.
Buyers are still trying to seek ways to offset the rising TiO2 costs.
The US spring paint and coatings season will continue to ratchet up the near-term TiO2 demand.
The pressure on global TiO2 market leads to strong pigment demand and the steady to rising pricing in the rest of this year. Venator said that the near-term TiO2 trends won't be changed by any factors.
ICIS: Report of Titanium Dioxide(Global),
100PPI:The recent China market price of titanium dioxide interpretation
Chyxx: A forecast on Chinese TiO2 market in 2018
Chemcp: Spot price of TiO2 in China