The ICIS titanium dioxide (TiO2) price reports are published weekly as a global report and a CIS report. The global market intelligence gathered by our locally-based reporters, has contract prices for Europe and US and market prices for Asia.
The ICIS report contains price assessments for Russia, Ukraine, Belarus, Kazakhstan, Asia and Europe. Market intelligence is shared in the unbiased commentary in the reports and can include, analytics, news, feedstocks moves, regional updates and supply/demand trends. This reliable information can help you to make confident business choices.
Updated to Q2 2020
Supply and logistic conditions in China were starting to recover at the start of the quarter. As producers faced plummeting demand from outside China, some were forced to cut run rates as they were suffering from weak margins. Smaller producers continued to operate at low levels at the end of Q2. Sources said larger producers maintained their run rates at normal levels.
Like most markets, TiO2 was not spared by the outbreak of the coronavirus. Demand in southeast Asia began to fall in the March-April period after various nations started their lockdowns. Domestic demand in China started to recover slightly at the end of Q2, with demand in southeast Asia following suit.
European TiO2 supply was comfortable during Q2 relative to the coronavirus-weakened demand. Imports from China spiked in March, but dropped sharply in April and May. Despite this, there was sufficient volume for requirements. Possible TiO2 output adjustments may have taken place to manage the supply-demand situation.
TiO2 demand dropped during the first to mid-part of Q2 because of coronavirus lockdowns, with the exception of a few sectors such as DIY and food packaging. Demand started to recover for the affected sectors later in Q2 as lockdowns eased, but the pace of recovery varied, depending on end sector.
TiO2 supply trended balanced to long during Q2, with producers widely viewed as adjusting production rates downward to meet diminished demand during the period in which coronavirus restrictions were still largely in place or beginning to ease. Inventories remained broadly at 45-60 days’ supply, although buyers said volumes could be obtained more quickly, if needed. Second-quarter contract pricing rolled over on soft fundamentals.
Some of the demand that had improved late in Q1 on some pre-buying gave way to customer destocking in Q2, though DIY paint-sector demand remained robust. Reopening of the US economy began with a resurgence in coronavirus cases, and automobile-manufacturing and construction markets saw only a slow uptick as destocking continued. During the quarter, Q3 price-increase initiatives emerged on pressure from snug ilmenite and rutile ore supply.
We offer the following regional Titanium dioxide analysis and news coverage to keep you informed of factors and developments affecting prices in the Titanium dioxide marketplace.
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Titanium Dioxide is a pigment marketed in rutile or anatase crystalline forms. Rutile grade is the main driver, with 90% of the market compared with 10% for anatase grade.
Titanium dioxide (TiO2) occurs as odourless, colourless to white crystalline powder in two forms, anatase and rutile. Titanium dioxide is not flammable, explosive and gives no reason to fire risks.
The main use of TiO2 is as a white powder pigment used in products such as paints, coatings, plastics, paper, inks, fibres, food and cosmetics. Titanium dioxide also has good ultraviolet (UV) light resistance properties and is seeing growing demand in photocatalysts.
It is used in products such as paints and coatings, including glazes and enamels, plastics, paper, inks, fibres, foods, pharmaceuticals and cosmetics. In particular, high performance grades of TiO2 are finding a growing market in the cosmetics sector and most toothpastes use TiO2.
Titanium dioxide is produced from either ilmenite, rutile or titanium slag. Titanium pigment is extracted by using either sulphuric acid (sulphate process) or chlorine (chloride route). The sulphate process employs simpler technology while the chloride route produces a purer product.
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The near-term North America titanium dioxide (TiO2) landscape will be dotted with signs of change – some anticipated, others perhaps not.
Among the ones to watch: