Titanium dioxide market recovery or not far
Domestic titanium dioxide market is sluggish. In mid-December, the titanium dioxide price market was in a weak and stalemate. The manufacturers generally suffered losses. The operating rate declined slightly. There are many companies that are interested in selling plants, a few privately-owned manufacturers are almost bankrupt, and local governments have no support policies such as interest-free loans, tax exemptions, and subsidies. In the face of harsh real-life market appears to have a glass of water.
Down the international market. The Fed’s rate hike and slight depreciation of the renminbi should be a good opportunity for the export of titanium dioxide. However, nowadays, the global down market for titanium dioxide prices, combined with Christmas is approaching, and the demand for foreign trade is significantly weakened, not excluding individual Manufacturers stock.
The current price of titanium dioxide continues, but there are also some bright spots in the dilemma - titanium dioxide stocks have dropped back to normal levels. The customer’s inventory may have fallen below the normal level, which means that the time for rebuilding inventory will come soon, the inventory will be at or below the normal level, the price of raw material ore will stabilize and the spot price of titanium dioxide will increase. The factor means that the price of titanium dioxide will normalize next year.
External factors interfered with the global titanium dioxide market in December and it was “never too badâ€. However, in early 2016, the titanium dioxide market will usher in the dawn. There are media reports that the three giants of global titanium dioxide Huntsman, Ke-Miu, and Special Connaught will increase the price of titanium dioxide on January 1, 2016. Three major company price adjustment programs: Kobe and Tenova raised the price of titanium dioxide sold in all regions of the world by US$150/ton; Huntsman raised the price in Europe by 150 euros/ton or US$160/ton; North America raised the price of titanium dioxide by US$0.07/lb. Asia Pacific, Africa, Latin America and the Middle East increased their titanium dioxide price by US$160/ton. Titanium dioxide prices are expected to rise in 2016.
The industry expects that demand growth will accelerate in the next few years, and the recovery of titanium dioxide market is not far away. Thomas Casey, chairman and CEO of Tenova, stated that 2015 is a transitional year for the titanium dioxide business, but the industry has responded to this dilemma much faster than in the past.
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