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:
- Follow fluctuations and understand factors driving them
- Input into your own internal analytical models
- Clarify settlements and contracts
- Inform negotiations
Our editor gives their expert view
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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Insight and analysis of factors driving prices.
In Asia, most buyers achieved a rollover in prices for January-March titanium oxide (TiO2) shipments. The prices averaged at $2,800/tonne CFR (cost & freight) Asia at the end of the first quarter, according to ICIS pricing.
General sentiment was stable-to-weak, despite several price hike announcements, as the slower-than-expected demand from key China market after the Lunar New Year celebrations from end-January to early February weighed down on prices.
The slower demand was attributed to economy slowdown in China, leading to weaker Chinese yuan against the US dollar.
International producers maintained or reduced slightly their transaction prices in order to keep market shares as Chinese domestic producers reduced prices aggressively in a bid to move cargoes amid high inventory and weak demand.
Additionally, uncertainty in economic outlooks for countries such as Thailand, Indonesia and India because of general elections led to a cautious TiO2 outlook for the first half of 2014 in Asia.
Hence, buyers expect prices to be rolled over for April contracts or increments of less than $100/tonne in view of a seasonal demand pick-up from major application in coating sectors.
Updated to mid-April 2014
Europe’s first-quarter titanium dioxide (TiO2) contract prices softened by €0.05/kg while producers remained determined to shorten an oversupplied market in the run up to the second-quarter peak paints season.
Producers are focused on lowering inventory on all grades across all applications of TiO2, especially in the coatings markets, the largest consumer of TiO2, which takes roughly 60% of the supply.
However, buyers maintained a firm stance against producers’ price increase proposals, which led some buyers to switch suppliers. Market share has become the main focus for producers as buyers appear to have the upper-hand heading into the second-quarter.
Asian import prices dropped due to an oversupply and market flatness, which has offered European coatings buyers attractive prices on certain grades, especially for cheaper grades, which are used as primers.
Updated to mid-April 2014
North American TiO2 contract prices remained steady during the first quarter of 2014. Although ample pigment inventories amid very limited demand improvement argued for weakness during the period – and some sources reported lower pricing – there was no consensus that market pricing fell broadly.
A still-tentative economic recovery and harsh winter weather, especially in the northeast US, stymied most architectural and industrial coatings demand, but some reported steady-but-slow growth versus the year-ago period.
There was word that a couple of producers would pursue Q4 2013 price-hike efforts long thought by most buyers to be extinct, and one seller announced during the period that it also would push for a new 8 cent/lb ($176/tonne) increase which, if successful, would be implemented late in Q2 2014.
In spite of some recent positive housing numbers, US sales of new single-family homes fell by 3.3% in February from January, the Commerce Department recently reported. The decline partly offset a sharp 9.6% gain recorded in January, which had ended two months of declines, including a 7% drop in December.
Updated to mid-April 2014
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.