In January 8, 2021, Henan Billions Chemicals Co.,Ltd. announced the sales price increase for its titanium dioxide products (both sulfuric acid process and chloride process) by RMB 500 per ton in China’s market and USD 100 per ton for global market.
In January 11, 2021, CNNC Hua Yuan Titanium Dioxide Co.,Ltd. also made the announcement of sales price increase by RMB 500 per ton in China’s market and USD 100 per ton for global market for all types of its titanium dioxide.
Some TiO2 factories such as Jinan Yuxing also announced another round of price increase recently.
The price increase for titanium dioxide is a global phenomenon. In November 30, 2020, Venator Materials announced that to increase sales price for its titanium dioxide globally by 120 EU dollars per ton or 150USD per ton.
The main reason for this round of price increase of titanium dioxide is that the price of raw materials continues to rise. Since last year, the prices of titanium concentrate and sulfuric acid have been rising all the way. In the second half of last year, the price of titanium concentrate rose rapidly, from RMB 1200 per ton to RMB 2500 per ton in one year. At present, the price has reached the highest point in nearly 3 years.