There is no doubt that the titanium dioxide (TiO2) market is booming this year. From the beginning of 2017, global giant manufacturers began to raise prices, so did various China manufacturers. The market demand of Chinese titanium dioxide consistently high. Affected by raw materials as well as on and off production, Chinese titanium dioxide prices keep soaring.
Affected by previous stock and manufacturers' wait-and-see attitude, the price is not at the peak yet. In early March, titanium dioxide prices started to increase. Many enterprises decided to wait-and-see after mid March. On March 24, price increases of Xinli titanium broke the nearly 10 days of price stableness and the second price surge in March began.
Compared to February, TiO2 prices are at least doubled in March. Billions raised their prices twice in March. High titanium dioxide prices and the downstream flat orders went two extremes
Numerous chemical raw materials show a trend of increasing prices in 2017. The production cost increase gives heavy pressure to downstream buyers. They tend to ponder even longer before making decision about purchasing frequency and quantity. Part of enterprises are still waiting to see the overall market and hope the titanium dioxide prices won’t raise so fast.
At least 10 TiO2 manufacturers announced price increase on March 29, with the reasons of higher costs in raw material, shipping and so on. Pricing Commission of Lomon Billions decided that various models prices of titanium dioxide (including both sulfate and chloride grades) for local market raised one thousand yuan per ton, and prices for international market are increased $100 per ton. This price adjustment applied to wholly-owned and majority-owned subsidiaries as below: Sichuan Lomon Titanium Industry Co., Ltd., Xiangyang Lomon Titanium Industry Limited Company and Henan Billions New Material Co., Ltd.
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