Titanium Dioxide (TiO2)

2022-02-26 17:05作者:admin

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Titanium Dioxide Price Trend and Forecast

Titanium Dioxide Price Trend and Forecast

For the Quarter Ending December 2021

In the fourth quarter of 2021, the North American Titanium Dioxide market observed mixed sentiments, despite the bullish trend dominating the market for a majority of the period. This is majorly attributed to the adequate pushback from the supply-demand imbalance further coupled with the rising natural gas costs which took a proper toll on the future production of various minerals including Titanium Dioxide. Whereas the rising COVID cases raised concerns in ore feedstock. As a ripple effect, the FD UGSC (USA) quarterly average discussions for Titanium Dioxide CP Rutile Grade were settled at USD 4434 per tonne, during the fourth quarter of 2021.

During Q4 2021, Titanium Dioxide in the Asia Pacific market witnessed a mixed trend throughout the quarter. These market sentiments were majorly attributed to the lower operational loads at the manufacturing facilities in the Chinese domestic market. However, the run rates improved after the persistent efforts made by the Chinese authorities curbed the power rationing in China. Demand outlook remained healthy throughout the quarter and the inquiries were poured from the domestic as well as from the overseas market. Therefore, due to the supply-demand imbalance, FOB Wuhu discussion for titanium Dioxide rutile grade was settled at USD 3097 per tonne, during the quarter ending.

The European Titanium Dioxide market witnessed constant bullish sentiments throughout the fourth quarter of 2021. Although the demand outlook showcased mixed sentiments in the domestic market amidst the staggering Titanium Dioxide inventories at lower levels during the fourth quarter of 2021. Whereas, the imports from the Asia Pacific region remained disruptive due to the limited accessibility of vessel freights and reduction in PMI index for Titanium Dioxide in China amidst the imposition of strict environmental protection policies. Whereas, the cost support from higher freight charges kept the valuation of imported volumes high in the European domestic market, and the average CFR NWE discussions were assessed at USD 3800 per tonne, in the fourth quarter of 2021.

For the Quarter Ending September 2021

During the 3rd quarter of 2021, the prices of Titanium Dioxide showcased an upward trend in the North American region driven by the increased demand from downstream manufactures. Inventory levels remained below normal during Q3, coupled with strategic initiatives, however, customer demand grew significantly across the region. Tronox Holdings plc, Connecticut, US, the worlds leading integrated manufacturer of titanium dioxide pigment reported the revenue from Titanium Dioxide sales at around USD 682 million, an increase of 26% driven by a 13% increase in volumes and a 12% increase in average selling prices in Q3 2021.

The Asian market witnessed a marginal increment in the prices of Titanium Dioxide during the 3rd quarter of 2021. In India, after witnessing consistent recovery since mid-June, Titanium Dioxide values underwent marginal decline entering August weighed by easing import prices. Although the paint and coatings segment in India has been performing well during the quarter but prices of Titanium Dioxide reversed its existing trajectory as the cost of the material from its major exporter China viably reduced. A major manufacturer in China quoted that its net profit in the first three quarters leaped by 170%-220% on a year-o-year basis due to firm demand and tight inventories. The prices of Titanium Dioxide remained on an uptrend in the Chinese domestic market, and FOB Wuhu discussions for Rutile grade TiO2 settled at USD 3125 per tonne, during the week ending 24th September.

In the European region, Titanium Dioxide prices demonstrated an upward trajectory in Q3 2021. The price increase of USD 139-174/tonne has been observed in Q3 mounted by western suppliers amid a tight and buoyant market, which faced various persistent pulls on supply, including an ongoing lack of Chinese export competitiveness. In addition, the shortages of container drastically affected the supply of Titanium Dioxide to the overseas.

Titanium Dioxide prices increased consistently throughout the quarter, due to firm demand from downstream segments in North America region. Firm offtakes from downstream manufacturers increased the global demand for Titanium Dioxide, while the supply remained tight throughout the quarter. Some major manufacturers increased their product prices in the meantime to improve their margin, like Venator increased its Titanium Dioxide price by around USD 160/MT for Q3 2021 in North America region. Overall, prices hovered around USD 3485/MT till the end of June in USA for Anatase grade. In addition, manufacturers revealed that they have found that the demand has reached pre-pandemic level amid curtailed supply activities, which has been the major reason behind this price hike in the global market.

Titanium Dioxide market encountered mixed sentiments during this quarter in APAC region, which varied country over country. In China, prices of Titanium Dioxide increased effectively in the domestic market during this quarter, while by the end of the quarter manufacturers expected a fall in prices as the supply for feedstock showcased some improvement. On the other hand, In India, prices tumbled in May, due to sudden upsurge in Covid cases in the country. As the pigment, paints and ink sector is the centre of all the demand for Titanium Dioxide, these segments faced devastation during this pandemic mayhem in India. Therefore, prices of Titanium Dioxide reached USD 3424/MT and USD 3001/MT for Rutile and Anatase grade during last week of June in India.

Prices of Titanium Dioxide increased effectively in European region, backed by firm demand from downstream sector during Q2 2021. Major global suppliers revealed that they observed huge queries for Titanium Dioxide majorly from Europe and Asia, while facing global supply shortage. In addition, a global player increased the prices for Titanium Dioxide by USD 200/MT in Europe this quarter, w.e.f. Q3 2021.

Despite of disrupted production activity across the US gulf coast region, demand for Titanium Dioxide (TiO2) remained firm during Q1 2021. Cost of Titanium Dioxide (TiO2) in the global pigment industry was consistently rising owing to firm demand from the downstream industries and insufficient product availability. Prices for Titanium Dioxide (TiO2) Anatase grade rose consistently across USA, showing a rise of 2.27% from January 2021 to March-end and were settled at USD 3150/MT towards the end of the quarter.

The Asian market encountered a steep rise in prices of Titanium Dioxide (TiO2) due to high demand and low stock availability. In the Chinese market, prices rose aggressively and reached USD 2875/MT during March end, above around USD 2015/MT during January 2021. Some traders quoted even higher than the anticipated prices, surging to nearly 3 year high in the domestic market. Meanwhile, in the Indian market, similar scenario was observed where prices followed a steep rise of 8% for the Rutile grade TiO2 from January till March end. The rise was attributed to high demand from the domestic paints and coatings sector and premium cargoes supplied from China.

The European Titanium Dioxide (TiO2) market witnessed firm demand from the downstream pigment sectors, amid tight supply situation due to disrupted production in unfavourable weather conditions. Similar to other regions, supply for Titanium Dioxide (TiO2) remained inadequate, as the cargoes were running late due to congestion across the Europe-Asia trade routes and high freight & container cost providing further push to the prices of cargoes, which were already running bullish.

For the Quarter Ending September 2020

Coronavirus related shutdowns in the first half of the quarter caused force measures at some of the small-scale ilmenite plants in China and India, eventually leading to an exacerbation of the supply crisis for Titanium. The snug supply situation of Titanium Dioxide was extended till the end of the quarter as few players were heard holding the cargoes in anticipations of an exceptional rise in its seasonal demand. In India, buyers adopted a wait and see approach amid concerns over uncertainty in demand pattern after the second wave of infections by the end of the September. Whereas producers in China were heard operating at optimum rates even when the export orders were low in July. Price of Titanium Dioxide in India settled at USD 2888 per MT, showcasing a fall in September. Demand in India throughout the quarter fluctuated in a narrow range, especially in the latter half of September as an aftereffect of the second round of lockdown in several parts of the country.

Supply of Titanium Dioxide across North America remained sufficient as producers were seen continuously adjusting their production rates in line with the volatility in the demand pattern. In the final week September, buzz of upcoming Titanium Dioxide facility by Chemours worth USD 86 million in Georgia further eased the concerns over supply pressure. Demand majorly picked up from the construction sector by September however, resurgent cases of virus slowed the expected revival in demand. Although, due to vast decline in market fundamentals of some of the end-use segments, prices of Titanium Dioxide by quarter-end significantly faded. Delay of several commercial projects followed by slow recovery in downstream automotive segment were observed as prime factors for the extended recovery curve.

Demand for Titanium Dioxide in the European region considerably revived from better offtakes heard across the furniture, construction and industrial sector with respect to Q2, after sentiments were raised post a lift in containment measures. DIY activities witnessed significant increment as people took more home renovation and construction activities with extended period of lockdown. The supply also remained supple with resumption in exports from China since the later half of Q2 in 2020.

Titanium Dioxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Titanium Dioxide is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

Basic details and information on financial performance of leading global players in the Titanium Dioxide market is presented in a visually captivating manner. Expansion plans and the companys strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

ChemAnalyst gathers information through primary research surveys conducted with various Titanium Dioxide manufacturers, spread across the

, suppliers and dealers/distributors to gain insights into

value-chains and demand-supply scenario

to assess the market situation. Thorough study of companys annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Titanium Dioxide market. The team analyzes various

industrial segments, strategic viewpoints

and provides an analysis of the industrys performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of

and shift in demand patterns with change in buying behavior of consumers across the globe.

across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Titanium Dioxide market.

with domestic and international manufacturers, traders and importers and customers on

Finally,region-specific marketsfor Titanium Dioxide are analyzed andregion-wise demand patternis tracked.

Titanium Dioxide (TiO2) is an inorganic compound, widely popular in rutile and anatase form. The compound is mainly utilized as a white pigment for imparting brightness in cosmetics, paints, coatings, inks fibers, papers etc. Paint industry holds the maximum demand share for Titanium Dioxide, followed by plastics and paper industry. Titanium Dioxide which occurs naturally contains several impurities such as chromium, iron or vanadium, therefore it must be subjected to chemical refining for attaining the desired properties for various applications. Commercially, Titanium Dioxide is derived from ilmenite or titanium or rutile slag. Titanium pigment contained in the ores is extracted via chlorine route or sulphate route. Sulphate route can extract the pigment with lower grade and cheaper ores by using simpler technology than chlorine route. It is the ideal process for obtaining anatase grade titanium pigment. Whereas chlorine technology produces finer and purer pigment at an affordable production cost, that in turn makes it the widely utilized process for Titanium Dioxide production. However, the overall production cost for the sulphate route process is comparatively much expensive than the latter.

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