Imports of titanium dioxide in the Russian market in January-October 2014 increased by 2.6%, compared with the same time a year earlier, despite the rise in imported feedstock in rouble term, according to ICIS-MRC Price Report. 

 

Total imports of titanium dioxide in Russia were 68,500 tonnes in january-October 2014. At the same time, the situation has deteriorated in the second half of the year. 

 

Sellers reported a weak demand for the material this autemn, compared with the same time a year earlier. They reported also a high residues of the material in their warehouses. Russia"s imports of titanium dioxide were 5,300 tonnes in October, compared with 7,100 tonnes in October 2013. 

 

Deliveries from "Crimean Titan" were stable. At the same time, the volume of imports of Ukrainian titanium dioxide by Sumyhimprom production decreased by 21%. Most traders of imported titanium dioxide (except material from Sumyhimprom and Crimea Titan) announced their prices in dollars since end of October. Conversion was made at the exchange rate at the time of payment.

 

Prices for imported titanium dioxide have sharply increased in line with the falling rouble; demand in the spot market was poor, added traders.