Traders in Russia reported a poorer sales in September. The situation in the titanium dioxide market was quite difficult in August, but in the beginning of September the market demand has fallen even more, according to sources in the market.

 

Market participants fear of further price reduction of titanium dioxide in the Russian domestic market. Some companies have sold material at a loss, wanting to get rid of the stock balance. Price range from Chinese producers in the Russian market were heard in a wide range.

 

Because of the desire to get rid of the carryovers prices have been reduced to Rb95,000/tonne CPT Moscow, including VAT. The upper end of spot prices of Chinese titanium dioxide in Russia were heard at the level of  Rb110,000/tonne CPT Moscow, including VAT.

 

Price offers from Crimean Titan were heard in the range of Rb104,000 -108,000/tonne CPT Moscow, including VAT.

Prices of Ukrainian titanium dioxide by Sumykhimprom production were in the range of Rb100,000-105,000/tonne CPT Moscow, including VAT.

 

Spot prices of TiO2 by Dupont production for major buyers started from Rb130,000/tonne CPT Moscow, including and Rb150,000/tonne CPT Moscow, including VAT for the retail market.