A leading manufacturer, based in South-western China’s Sichuan Province, lowered its titanium dioxide products’ prices by 200 yuan/mt at the beginning of December, making its average ex-factory price down to 14,000 yuan/mt including tax.

 

The price adjustment, followed by some counterparts’ price reductions, indicates a trend in the titanium dioxide industry that the prices may keep plummeting in the last weeks of the year.

 

Focusing on de-stocking and collecting outstanding receivable, most of the domestic manufacturers seem to be okay with such an indication as the impendent new year are urging them to get working capital instead of dead stock.

 

Some of the domestic manufacturers have already stop production, and the strike prices are still declining. Current titanium dioxide average prices including tax are 12,800-14,200 yuan/mt for rutile type and 11,000-12,200 yuan/mt for anatase type.