TiO2
prices are increasing again! On May 30, 2013, both DuPont and Tronox announced
a TiO2 price increase. It was the third wave of TiO2 price increases by
international TiO2 giants in the year so far. The first wave occurred at around
the end of Feb. 2013, led by Kronos, Huntsman, Cristal and ISK. The second wave
came on May 9, 2013, led by Kronos. Relatively speaking, DuPont and Tronox
acted more prudently in their price increase strategy, according to TiO2
China Monthly Report issued by CCM in June.
In
detail, Tronox announced that the prices of its TiO2 products sold in Latin
America and Asia Pacific will be raised by a minimum of USD175/t; those sold in
Japan will be raised by a minimum of USD228/t; those sold in Europe, Middle
East and Africa will be raised by a minimum of USD162.5/t or USD175/t in US
Dollar markets; those sold in North America will be raised by a minimum of
USD132.3/t. The announcement will become effective on June 1, 2013 or as
contracts allow. At the same time, DuPont also announced that the prices for
DuPont™ Ti-Pure® TiO2 sold in Asia Pacific and Latin America will be raised by
USD200/t; those sold in Euro zone markets in Europe, the Middle East and Africa
will be raised by about USD208/t or USD200/t in US Dollar markets; those sold
in North America, in addition to paper and paperboard applications, will be
raised by about USD176.4/t. The announcement will become effective on July 1,
2013 or as contracts allow.
The
condition of the domestic TiO2 market is quite different from overseas TiO2 market.
In mid-May, domestic rutile TiO2 was sold at around USD2,600/t, decreasing by
about 15% compared to that in mid-Jan. 2013, ignoring the consecutive price
increase announcement of international TiO2 giants. The real estate industry
recovery in the U.S. and widespread production reduction of TiO2 producers in
1Q 2013 caused the international giants to hold an optimistic view in
anticipation of booming TiO2 demand in the future, driving them to announce
price increases again and again. While the domestic TiO2 market heavily depends
on the consumption of domestic downstream industries, as the de-stocking
process has been progressing and the current domestic TiO2 selling prices are
close to the unit production cost, it is estimated that the domestic TiO2 market
might touch the bottom around July this year.
Table of Contents of TiO2 China
Monthly Report 1306:
Editor's
notes
Headlines
of this issue
Industrial
Information
Import
volume of TiO2 was up 15.70% while export volume was down 13.00% in
April
2013
Total
titanium feedstock supply volume was flat in April compared with that in March
Domestic
TiO2 price still in a downtrend in June 2013
Company
dynamics
Shandong
Dongjia is undergoing the "reply to feedback" process under its
IPO
application
DuPont
and Tronox lead the third wave of TiO2 price increases in 2013
Tianzhu
Peng: lower electricity price can benefit the TiO2 production in Panzhihua Vanadium
& Titanium Industrial Base
Upstream
Hong
Kong Guangxin defaulted on the ilmenite trade contract signed with Zero-seven
Downstream
Valspar
to acquire European Industrial Coatings Company Inver Group
Housing
prices rose in May although state control remained stringent
Domestic
automobile production in the first five months of 2013 increased by
13.49%
YoY
Titanium Dioxide China Monthly Report,
issued by CCM on 25th, is mainly comprised
of five columns of news and reports related to TiO2 market, including “Supply
& Demand”, “Company Dynamics”, “Upstream”, “Downstream” and “Price Update”.
You can find out more business opportunities through the latest and helpful information
provided in the report.
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