The Chinese Titanium Dioxide Market Inched Down in May 2018

The Chinese rutile titanium dioxide market continued inching down in May 2018. Negotiation prices were flexible. Up to May 31, 2018, the average price was RMB 16,475/mt, down 1.35% month on month. The overall operating rate was modest, and the demand was flat. Most downstream users purchased goods on a need-to basis. The export market was active and some producers mainly exported goods to the foreign market. Up to May 31, 2018, mainstream negotiation prices were in the range of RMB 15,600-17,200/mt. Dealing prices were negotiable.  

The Chinese anatase Titanium Dioxide market moved down this month. The overall supply was modest and the downstream demand was thin. Though few producers raised prices, actual negotiation prices moved down. Up to May 31, 2018, reference prices for Anatase titanium dioxide were in the range of RMB 13,000-14,800/mt. The average price was RMB 13,858/mt, down 13% month on month.

Forecast

Prices of raw materials will remain largely stable. The downstream demand is flat. The overall supply and demand will continue to be stable. The overall inventory is low, and some producers’ production will be influenced. In H2 June, the supply in Shandong may be tight, which will support the market.