Crest Ups Titanium Dioxide Product Price Titanium Industry Maintains High Boom
March 25, 2021
After the global financial tsunami, most industries entered a rest and recuperation stage, but the titanium industry is in an abnormal situation.
The reporter learned from the Commodity Data Business Association yesterday that the world’s leading titanium dioxide producer, Cristal Global, announced that it will increase the price of titanium dioxide products in the North American market by 10 cents/lb from September 1.
Prior to this, DuPont Titanium Technologies announced that since September 1st, the price of titanium dioxide in Western Europe, Central Europe and North Africa has been raised by 500 euros (about 714 US dollars / ton); US Kronos also It is announced that on September 1st, the price of titanium dioxide products sold in Europe will increase by 500 EUR/t.
Foreign companies constantly raise prices, so that the domestic titanium dioxide price space is expected to open.
The reporter learned from the Business Club that in Yunnan, the price of titanium concentrates was 1,000 yuan/ton in the beginning of this year, which is currently 3,500 yuan/ton. It is reported that in 2010, China consumed 2.1 million tons of titanium ore, which is expected to reach 3.3 million tons this year, of which half need to be imported from Vietnam. However, Vietnam announced in June this year that it will end the export of titanium ore and its products to China by the end of this year. In addition, due to environmental issues, European and American countries have recently shut down most of the titanium production companies, leading to a significant increase in global titanium ore prices. The above two factors directly affect the price of titanium in Yunnan.
Li Jianan, researcher of China Investment Advisor Chemical Industry Co., Ltd. pointed out that recently, due to the weak domestic demand market, some domestic titanium dioxide production enterprises have begun to lower their ex-factory prices. However, with the increasingly fierce competition in the low-end areas, some companies have begun to accelerate the market occupation of special titanium dioxide products. With the improvement of environmental protection standards, all supporting power-off devices for thermal power stations will be promoted in the next few years, which will increase the market demand for high-end titanium dioxide during the 12th Five-Year Plan period.
