Titanium dioxide Prices, markets & analysis
For clear insight into regional Titanium dioxide markets, you need in-depth price reports direct from those regions.
That’s why ICIS maintains a network of locally based reporters, providing not just price assessments but market commentary and analysis.
Use ICIS information to:
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Titanum dioxide Asia, Europe & US Transcript
The titanium dioxide (TIO2) report is a global report with prices from Europe, the Americas and Asia. Weekly price assessments are given for delivered northwest Europe (NWE) in Euro per kilogram and then converted into US cents per pound. Delivered North American and cost and freight (CFR) Asia prices are in Dollars per tonne and cents per pound conversions.
Price movements in the report are based on weekly consultations with a cross-section of market participants including producers, distributors and consumers, in particular those in the paints, plastics and paper industries.
The report predominantly covers Rutile grade which forms the basis for price quotations. Anatase grade which is generally cheaper is covered in the text where appropriate.
The commentary covers the developments impacting on supply/demand balances, price movements, production information where applicable, import/export trends and evolution of upstream and downstream markets.
We keep watch on what’s happening in production and track plant outages.
The ICIS report is an excellent resource to provide insight to a very opaque market. Supply issues and new demand trends help buyers and sellers understand price movements and make important decisions.
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Updated to Q4 2014
In Asia, titanium dioxide (TiO2) prices rolled over at an average of $2,750/tonne CFR (cost & freight) Asia in the fourth quarter, according to ICIS pricing.
Supply level globally was described as long given that there was no significant seasonal high in the third quarter, according to sources.
Several large buyers said that Q4 prices were softer by $30-70/tonne from the previous quarter, as producers’ attempted to clear inventories ahead of the year-end holidays.
Moreover, competitively-priced Chinese TiO2 dampened overall buying sentiments, despite talks of prices hikes late in the quarter. This was due to their slower export sales while domestic consumption softened during seasonal year-end lull.
However, sellers said prices mostly rolled-over from the third quarter, with limited and exceptional instances of lower pricing given to long term customers.
The Indian market was comparatively more upbeat than the rest of the Asia Pacific, due to infrastructure and housing development projects being rolled out by the new government.
Market outlook was soft moving forward as the stronger US dollar against local currencies dampened buying sentiment. Additionally, losses in crude oil in the fourth quarter led to expectations of a softer pricing outlook for the first quarter of 2015, as energy cost is expected to be lower.
Updated to Q4 2014
European titanium dioxide (TiO2) prices have seen some decreases in Q4 due to weak demand.
Contract prices are now €2.23-2.43/kg free delivered (FD) northwest Europe (NWE), a drop of €0.04/kg on both ends for Q4.
Downstream usage has been under pressure due to the uncertain economic situation in Europe and low seasonal demand in the coatings industry due to cold weather.
Exports to Russia have been lower than usual as a result of the country’s economic slowdown and the downward spiral of the rouble.
The European market is also somewhat well supplied, with no problems in obtaining volumes reported and cheap material available from China for some low-grade applications.
Going forward, players expect that Huntsman Corporation’s takeover of the TiO2 assets of Rockwood will allow the company to resist downward pressure on sulphate prices more effectively. They also expect Chinese and other imported material to be less competitive due to the weak euro.
Some early negotiations for Q1 2015 have been completed, with buyers reporting stable-to-soft pricing, although this has not yet been confirmed on the production side.
Updated to Q4 2014
North American TiO2 contract prices remained broadly flat during the fourth quarter of 2014, despite intense downward price pressure from oversupply, cheaper imports of sulfate-route material and fast-fading demand during the typically slowest period of the year, especially within the predominant architectural coatings segment.
Although producers appeared to struggle for rollovers, the domestic range was said to be much higher than imports by a margin of perhaps as much as 10 cents/lb ($220/tonne) or higher in some individual cases, sources said.
As Q4 ended, there were rumblings that the steady range of $1.50-1.65/lb had widened at the low end of the range, but there was not yet a consensus. There was also talk of potentially weaker prices in Q1 2015, despite a nominated increase of 5 cents/lb, effective 1 January.
In line with a prolonged weak market, pigment producer Huntsman announced its plan to cut about 900 positions from its pigment and additives business as part of a restructuring programme, a potential savings of $130m/year by mid-2016. The company also said it was also considering reducing its TiO2 production capacity.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Titanium dioxide.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Titanium dioxide. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Titanium dioxide, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.