Asian titanium dioxide continued to operate weakly due to weak demand in the coatings industry.

China Coatings Network
News: Due to seasonal weakness factors, coupled with
coatings
and
paints
demand decline, the Asian
tum dioxide
market will continue to operate weakly in the second half of the year.
July 17, 2015, the Asian Titanium White Powder Bulk Price Discussion was mainly at USD 2200-2400/tonne (CFR, cost plus shipping), down US$100/tonne from the previous period.
suppliers in the Asia-Pacific region have reduced the market price of titanium dioxide. "We've heard from some suppliers that there are some very low prices, which gives us no choice but to follow the trend and cut prices, " says some suppliers of titanium dioxide in Northeast Asia. Economic uncertainty in China and the euro zone has also further weighed on the market, with buyers in many downstream sectors hoping that the market price of titanium dioxide will be further reduced to protect their market share.
negotiations with Asian import markets are rare, mainly because most buyers have no interest in the current deadly market. It is reported that the main market quotation in 2300-2600 USD / ton (CFR, cost plus freight). From Southeast Asia, it is understood that the market delivery price given by titanium dioxide suppliers in North America and Europe is mainly US$2200-2400/tonne (CFR, Asia).
to the Japanese market, the country's main domestic market price is currently 300-350 yen / kg (DEL, delivery price), many people are not willing to participate in market price discussions, and many buyers want to discuss before the Golden Week in August. The price of titanium dioxide, which the country exports to markets in Asia and the Middle East, has been cut by about $100-200 a tonne this month. One Northeast Asian distributor said Japan's price cuts were still relatively modest compared with other regions.
in South Korea, where some buyers have stopped importing from overseas because of the currency's weakness against the dollar.
market prices have been falling in the most critical Chinese market. According to the titanium dioxide trading platform learned that some manufacturers on the one hand to attract buyers, on the other hand to prevent inventory backlog, the reduction of up to 1000 yuan / ton (about 161 U.S. dollars / ton). Other suppliers in China have seen a reduction of 500-700 yuan per ton.
chinese titanium dioxide market deep in the traditional off-season, this month the market continued to decline. On July 17th, the mainstream offer for most of China's sulphuric acid-based redstone and sharp titanium-type titanium dioxide powders was 10500-12500 yuan/ton and 9300-10200 yuan/ton (tax included). Many manufacturers have kept the factory price of redstone-type titanium dioxide at 11,500 yuan/tonne, which is about 400-600 yuan/tonne lower than two weeks ago. The price of sharp titanium-type titanium dioxide decreased by about 400 yuan/ton.
china's titanium dioxide exports, the mainstream market price is $1750-1800/tonne (FOB, China), a drop of about $30/tonne (FOB, China).
the titanium dioxide trading platform analysis, many Chinese manufacturers to increase unloading efforts to enhance financial flows, this move is closely related to the current macroeconomic uncertainty.
The third quarter price negotiations for plastic brand-specific titanium dioxide are also under way, with some suppliers in North America and Northeast Asia learning that the current price is mainly $2,450-2500/tonne (CFR, Asia), down $30-50/tonne from the second quarter.
expects the global titanium dioxide market to be weak in the short term, the market is expected to recover in late August or September, of which titanium dioxide second largest consumer plastics industry demand recovery will have a certain impact on the recovery in prices before the end of the holiday season. (Current exchange rate: US$1 x RMB6.21)