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 Q3 2020
Chinese supply towards the end of the quarter was generally seen as snug in the region, with some market players remarking that cargo lead-times had lengthened. Some said certain sellers “oversold” at the start of the quarter. Producers in China were generally running at normal rates, even during July when prices in the export market were low.
At the start of Q3, some countries were in the process of reopening and there was some pent-up demand in the region. Demand slowed slightly as the quarter progressed and stabilised towards the end. Some buyers said with the coronavirus causing great uncertainty over downstream demand, many were only looking to buy on a need-to basis. In India, a second round of lockdowns hit demand as well.
The market was well supplied in Q3 as Chinese imports gradually recovered following the Q2 coronavirus low in some sectors.
Following the coronvirus demand impact in Q2, demand increased in Q3 in the construction, furniture and industrial sectors as activity resumed. DIY demand remained healthy following increased stay-at-home tendencies and staycations over vacations during the summer, due to the coronavirus crisis.
North America TiO2 supply was broadly steady during the third quarter of 2020, with producers mostly adjusting production rates to rising demand levels that emerged in the second half of the quarter. Although coronavirus strictures eased during the period, lead times remained broadly at 60 days’ supply, although buyers said volumes could be obtained more quickly, if needed. Third-quarter pricing weakened moderately on the effects of the pandemic on the largest end-use segments.
In Q3 2020, TiO2 demand improved notably as construction activity picked up significantly following spring coronavirus lockdowns. During the quarter, social-distancing constraints continued as some paint-contractor projects resumed, but resurgent coronavirus cases still limited some anticipated Q3 growth. Although demand from residential construction picked up, commercial projects languished, creating uneven recovery, and keeping volumes below year-ago levels. Smaller downstream automotive recovery has been more gradual.
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: