SINGAPORE (ICIS)--China’s titanium dioxide (TiO2) exports rose by 99% in January year on year on competitive prices the country offered, market sources said on Friday.
Total export volume in January stood at 440,000 tonne in January, an increase of 14.53% from the previous month, according to data from China Customs.
Import volume also rose by12.9 % as compared to the previous month while import volume was higher by 19.81 % year on year.
Export price in January was largely around $2,200/tonne CFR (cost & freight) China according to sources.
The wide price gap between China-produced rutile; which are mostly sulfate-route, and international-origin rutile may encourage more buyers to switch to using the lower-priced Chinese product if prices are hiked in the second and third quarters, a few industry participants said.
Currently the gap is above $500/tonne as opposed to $200-300/tonne in 2013.