Echemi Market Analysis (Update on 2018-07-16)
The Chinese rutile titanium dioxide market remained stable today. Some producers raised offers of titanium dioxide, but the rising momentum was limited. Affected by the former shutdown, some producers saw limited titanium dioxide supply and offers were high, but the effect on the overall market was limited. Some traders and southwest producers sold products at low prices, pulling down the overall prices. Downstream coating industry showed weak operating. The operating rate of plastic industry, paper-making industry and printing ink industry was relatively enough. Demand was weak. Foreign demand for rutile titanium dioxide reduced. Up to Jul 16, mainstream reference prices for rutile titanium dioxide were in the range of RMB 15,700-17,500/mt. There were orders lower than RMB 15,500/mt. USD offers of titanium dioxide were $2650/mt FOB Qingdao.