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Europe and some Southeast Asian countries expect the global demand for titanium dioxide to weaken in the fourth quarter of last year, leading to further increase in inventories. In order to clear the library and attract buying interest, the price of titanium dioxide continues to fall. From mid-December of last year to the present, the price of Chinese titanium dioxide exports is mostly 1900~2000 US$/tonne (FOB, China), which has prompted some suppliers to take price cuts, trying to catch up with the seasonal demand that is colder. Clear inventory and improve cash flow.
Affected by the sharp fall in international crude oil prices, related buyers in the polymer market are even more pessimistic. As the decline in crude oil prices has significantly affected the prices of synthetic resins, prices of many plastic derivative products have shown a downward trend. A polyvinyl chloride (PVC)-related buyer said that titanium dioxide prices will return to the trend in 2008, when the price range is 2150 ~ 2575 US dollars / ton (CFR, Asia). Buyers in the paint and coatings industry believe that the price of titanium dioxide will be further reduced due to the reduction in energy costs and the cost of other raw materials such as solvents and coating additives.
Industry sources said that in January Asian titanium dioxide market prices will further decline. Under normal circumstances, market demand will slowly recover from late March or early April. Therefore, the market outlook for titanium dioxide in 2015 depends on the market reaction before the seasonal high before the end of March.
Asian titanium dioxide market will continue to be bearish in January
Market analysts recently analyzed that due to the relative lack of demand in the paint industry and sufficient supply in the market, it is expected that the Asian titanium dioxide market will continue to maintain a downward trend until the end of January. Despite being suppressed by more competitive prices from China, the overall export prices of Asian titanium dioxide are expected to remain at US$2,600-2,700/tonne (CFR, Asia).