Led by corporate champions in South West China, domestic titanium dioxide manufacturers successively announced price increase last week. However, whether the raised prices are acceptable to downstream customers remains unknown yet, considering the poor turnover.

Another reason for price increase was bad weather. Powerful Typhoon Fitow hit China last week, making it harder for shipping and receiving by tying up logistics transportation in Eastern China’s Jiangsu and Zhejiang province.

 

Current titanium dioxide prices (price including tax):

Rutile titanium dioxide: 13,200-14,500 yuan/mt

Anatase titanium dioxide: 11,200-12,500 yuan/mt

 

Market Forecast:

Last week, titanium ore and titanium dioxide prices generally see modest increase, which cheers up domestic ore dealers a bit. In short term, the prices may enjoy further rise, or at least remain the same.