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 2021
Supply was generally seen as tight with continued low inventory levels, healthy number of orders and Chinese producers running at high rates to take advantage of healthy margins. Supply from the west was also tight and that resulted in Asian buyers turning to Chinese cargoes.
Demand was stable in Asia at the start of Q2 but took a big hit in India after coronavirus lockdowns were implemented in various states. Indian buyers were out of the spot market for the whole of May and others started to have some interest from mid-June. Elsewhere, demand in parts of southeast Asia also suffered after coronavirus cases spiked, which led to movement controls.
TiO2 supply remained tight, with volumes allocated, amid continued strong downstream demand. Greater domestic over import sourcing due to lack of Asian competitiveness added further pressure on supply. Local output impacts, including Venator’s partial unplanned shutdown at its Greatham site also kept the supply situation tense.
TiO2 demand was seasonally strong into the DIY and construction sectors. Supply security concerns, bullish sentiment and lack of Chinese import incentives further boosted buying activity in Europe.
Updated to Q1 2021
North America TiO2 supply remained broadly steady during Q1 amid unseasonably strong demand, some of which was attributed to pre-buying ahead of potential price increases in Q2. Delivery lead times remain consistent and typical at 45-60 days. Concerns persist among some regional paint makers that tight supply of key paint components, including resins and colourants, might limit spring paint production, but supply of those materials appeared to be easing as the quarter ended.
Q1 demand continued to increase on healthy buying interest from the predominant architectural coatings market despite some mid-quarter slowdowns in construction and the smaller automotive market for TiO2, which were caused at least partially by petrochemical outages forced by a mid-February winter storm. Month-on-month housing starts were down in February, as were sales of existing homes and new single-family homes. Demand from the automobile coatings sector also was stymied by a global shortage of semiconductors.
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.
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: