In the November 2016 which is coming to an end, the prices of China titanium dioxide have rocketed mainly in the anatase TiO2 sector. A few producers raised prices of anatase TiO2 by ￥2000/tonne in the beginning, middle, and end of the month continuously, because of the tight spot supply. On the other hand, rutile TiO2 has the same condition. Why is this happening? Where are the spot products?
The spot supply of TiO2 is so tight that the prices rocketed with some other factors. Prices of raw material ilmenite (46 Grade 10 Ilmenite from West Panzhihua) have raised to more than ￥1000/tonne (tax excluded); cost of truck transportation raised; positive news from major producers and consensus in the Guangxi district. These factors lead to a complicated and hot environment in the domestic titanium dioxide market in the Q4 of 2016.
Currently the prices of sulphate rutile TiO2 in domestic market is ￥13500-14800/tonne ($2071-2270), and ￥11200-12200/tonne ($1718-1871) (all tax included) for anatase TiO2.
Coming into the middle of Q4, 2016, it is almost certain that the prices of TiO2 in domestic market will rise in the whole year. Although the increased cost of raw materials and transportation reduced part of the profit, the overall condition of the market is good and producers get profits. In such circumstances, further movements should be taken care of, it is not always good that prices increase too fast. In this period, the price gap between anatase TiO2 and rutile TiO2 is decreasing, which is a critical point for both anatase and sulphate rutile titanium dioxide. It is predicted that the prices of TiO2 in domestic market will stand firm in November and price initials with different reasons shall show up continuously.
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