14 May 2008 11:57 [Source: ICIS news]
It was not yet clear when the 80,000 tonne/year facility would restart, the source added.
“The company has very high inventories of TiO2, so availability is not a problem,” the source said.
However, transportation out of
Suppliers and traders said that the shutdown at the Sichuan Lomon plant would tighten supply of TiO2 in
With demand in excess of 800,000 tonnes/year in 2007, and exports out of
“So even the smallest production disruption can tilt the balance into tightness, which is likely to happen now, especially with demand growth for TiO2 forecast at 15% in 2008,” it said.
Suppliers said domestic prices were likely to rise due to the supply disruption.
Imported material in the domestic market in China was stable-to-firm at CNY21,300-22,000/tonne ($3,047-3,147/tonne) ex-warehouse (EXWH) in the eastern region for the R902 grade and at CNY20,300-21,500/tonne EXWH and CNY20,300-21,500/tonne EXWH respectively for the Tiona595 and R930 grades, according to Chemease.
($1 = CNY6.99)
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