Market Dynamics
TiO2 Prices to Rise in July
Time: 2013-07-05 Source from: www.titanos.com
Low economic growth rate and sensational money shortage make the first half of 2013 a trough for China’s economy. TiO2 industry also sees a long period of market weakness.
Though the downstream coatings and ink industries are still bothered with low demands, TiO2 manufacturers are longing for a favorable turn. Global giants’ price increase, whatever the reasons are, somehow spirits up the domestic market.
According to Ning Kecheng, General Manager of Shanghai Titanos, domestic TiO2 prices are very likely to see this year’s first rise, or at least, a drastic fluctuation. “The situation will be easier for TiO2 manufacturers in the second half as a smooth transition from traditional products to high-end ones is forecasted,” he says.