By the first half of 2016, DuPont, Ishihara, Huntsman, Tenova and other large-scale titanium dioxide production enterprises have announced a cumulative reduction of more than 400,000 tons, the European titanium dioxide market, a serious tension.
According to ICIS news, the European titanium dioxide market supply is still tight, almost did not get any relief, the momentum of the price rise may continue to the fourth quarter. Market participants also said that the supply of titanium dioxide in Europe is still very challenging, the supplier’s product sales lead to supply difficulties, delays in delivery.
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Relevant analysis, by the above factors, the European market price of titanium dioxide in the fourth quarter will continue to rise. At present, the market price of titanium dioxide contract is about 2.59 ~ 2.85 euros / kg (northwest Europe, FD), according to the relevant signs of the performance, the fourth quarter, titanium dioxide prices will be on the basis of the existing rose 100 to 300 euros / ton. Accordingly, the market price of titanium dioxide or more than 3000 euros / ton.
At present, some buyers said that although the operating capital constraints in previous years usually lower inventory at the end of the year, but this year will consider re-establishment of inventory, so hoard goods may become a major priority. European titanium dioxide market since the fourth quarter of 2013 began to develop quarterly prices since the third quarter of 2017 climbed to the highest level, for which buyers have been trying to shift the cost of rising downstream pressure.
From the exchange rate and price point of view, China’s exports to the European market price of titanium dioxide compared with the first half of the greater competitiveness, we can see China’s titanium dioxide export prospects or will continue to be optimistic. But there are also views that not all customers can accept the technical level of China’s titanium dioxide enterprises, taking into account the cost of transport, price advantage will be discounted.
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