Titanium Dioxide Market: The Downstream Demand Was at a Low Level (Jun30-Jul 6)

1. Rutile Titanium Dioxide Market

The negotiation prices of Chinese rutileTitanium Dioxide showed a downtrend. The inventory increased gradually influenced by the decreasing demand from downstream. Although devices in part of factories were stopped and the some factories decreased operating rate, the Chinese rutile titanium dioxide market was still weak and the price was hard to increase. The negotiation price of leading producers was firm, while negotiation prices of other producers continued decreasing. The downstream players and traders showed a bearish attitude and maintained basic purchases. Up to July 6, the mainstream negotiation prices of Chinese rutile titanium dioxide were in the range of RMB 17,000-18,000/mt. Some lower prices were heard to be under RMB 17,000/mt.

2.Anatase Titanium Dioxide Market

The overall negotiation prices of anatase titanium dioxide were in a downtrend, as the inventory increased continually and the demand from downstream was low. The factories suffered sales pressure and the prices of inventory were high. Although devices in some factories took overhaul, the anatase titanium dioxide market was still weak. Up to July 6, the mainstream reference prices of anatase titanium dioxide were around RMB 14,300-15,000/mt by acceptance with VAT.

3. Forecast

The operating rate in the titanium dioxide industry will be low, which will be under 60%. As the devices in part of factories will be shut or undergo maintenance, the supply of titanium dioxide will decrease. However, the titanium dioxide price will decrease influenced by the increasing inventory. It is predicted that the titanium dioxide market will be weak and the price will drop.