Titanos News

Philip Murphy:Market Recovery for TiO2 Unlikely before Q1/Q2 2014

Time: 2013-11-01 Source from: www.titanos.com


National Titanium Dioxide Industry Seminar 2013 opens on October 30 in Nanjing, the capital of East China's Jiangsu Province. Philip Murphy, Managing Director of TZMI (TZ Minerals International Pty Ltd.), addresses the meeting on Global TiO2 and Ti Feedstock Markets.
“Prices for TiO2, pigment and Ti feedstock are still under pressure, and the market recovery is unlikely to come before Q2 2014,” he says.
Though current market depression and global production cuts are unfavorable for Chinese market, Murphy believes the newly-implemented Western projects will bring China great demands and opportunities.
“According to TZMI’s statistics, China-based titanium dioxide products account for 34% of global market supply, and as for the Ti feedstock markets, China also plays an important role especially in titanium ore area,” he says.