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Since the beginning of 2020, the titanium dioxide market has been quite unstable, and many , Ltd.
"target="_blank">titanium dioxide manufacturers have successively increased prices, including more than 10 titanium dioxide companies including Jinpu Titanium, Tianyuan Group, CITIC Titanium, Chengdu Vanadium Titanium, Haifengxin, etc.
At first sight, this round of price hikes has already come.
At the same time, titanium , Ltd.
"target="_blank">dioxide manufacturers conducted a conversation about titanium dioxide in Europe, which is more than 10,000 miles away from China.
Reg Adams, the founder of Artikol, an organization that specializes in the study of titanium dioxide (titanium dioxide) market conditions, discussed with the European coating media the current situation of the titanium dioxide market and how buyers deal with price fluctuations, hoping to provide some references for industry professionals.
According to Reg Adams, the coatings industry consumed nearly 3.
5 million tons of titanium dioxide in 2019, accounting for 55% of the world's total consumption.
The per capita consumption of titanium dioxide in most industrialized countries is in the range of 2-4 kg, while in most emerging markets and underdeveloped economies, the per capita consumption is less than 1.
5 kg.
In the past 40 years, the long-term demand for titanium dioxide has increased by an average of 3.
05% per year.
However, the pattern shown in the world titanium dioxide demand table is far from stable.
In the past 40 years, 12 years have experienced a year-on-year growth rate of more than 5%, while in 11 years it has been negative growth.
The fluctuations in demand growth have been particularly pronounced in the past decade.
Generally, the increase and decrease of inventory along the entire value chain will exacerbate "normal" cyclical growth.
During the price increase period, buyers tend to order titanium dioxide in excess of their demand, with the goal of "beating the next price increase.
" They rely on accumulated inventory and then postpone new orders during periods of falling prices.
All the executives of large multinational titanium dioxide companies report that they have witnessed the longest period of sales decline in people’s memory.
They attribute this partly to the general macroeconomic downturn and partly to consumers, especially Paint manufacturers reduced their inventories of titanium dioxide.
Does the carcinogenic theory of titanium dioxide affect the demand for coatings? Does the carcinogenic theory of titanium dioxide affect the demand for coatings?Adams said that in Europe, people have expressed great concern about the validity and relevance of some isolated toxicological studies conducted in 1985 and 1995, which show that long-term exposure to titanium dioxide dust clouds can cause lung tumors.
On the basis of these studies, the European Commission recommends that titanium dioxide be classified as a category 2 carcinogen.
According to the EU directive, this means that the packaging of products containing titanium dioxide, such as paint cans, must be labeled with a cancer warning icon and accompanied by a designated warning word.
In addition, the treatment of empty cans or partially filled paint cans as * will be subject to stricter regulations.
Will this prevent consumers from buying and using coatings containing titanium dioxide, thereby reducing future demand for titanium dioxide? The most famous precedent for making this judgment is California's Proposition 65, which requires products containing or likely to produce titanium dioxide particles less than or equal to 10 microns in size to be labeled with cancer warning labels.
Such products include sprays for hair dyes or car refinishes, as well as products sold in powder form for cosmetics, artist's pigments, food coloring and other products.
California's labeling law was promulgated in September 2011.
Since then, the advent of cancer warning labels has undoubtedly suppressed the demand for titanium dioxide in the food and cosmetic industries, but has little impact on the aerosol or itubang.
com/" target="_blank">powder coating industries.
From the perspective of paint manufacturers, there is no viable technical substitute for itubang.
com/" target="_blank">powder coatings that can be used in coating formulations without serious adverse effects on the performance of the coating product.
Therefore, the honest answer to this question is: the use of anti-cancer labels on paint cans will not have any major negative impact on the future potential growth of the paint industry.
Looking ahead to 2020 and 2021, business prospects should be slightly clearer: The International Monetary Fund predicts that the global GDP growth rate will be 2.
7% in 2020 and 2.
9% in 2021.
In the context of rising business and consumer confidence, the level of construction activities, investment and household spending will increase, and the demand for coatings, plastics and decorative laminates will increase accordingly, leading to a rebound in global titanium dioxide consumption.
Some industry observers and participants predict that in the next few years, demand will grow at a rate of 5% or more per year.
Artikol's forecast is 4.
6% in 2020 and 4.
7% in 2021.
In 2021, global titanium dioxide consumption will reach 6.
75 million tons.
How should buyers deal with fluctuations in the price of titanium dioxide? How should buyers deal with fluctuations in the price of titanium dioxide? Adams said that in the last business cycle, the average benchmark price of standard rutile titanium dioxide delivered to customers in northwestern Europe increased by 90% from 2.
2 euros per kilo in mid-2009, and reached per kilo in the third quarter of 2011.
A peak of 4.
16 euros, then fell to a new low of 1.
96 euros per kilo in the first quarter of 2016.
In the current business cycle, the average benchmark price rose from 1.
96 euros per kilogram to a peak of 2.
985 euros per kilo in the second quarter of 2018, rising by more than 50%, and then prices fell steadily, but at a rather slow pace, reaching a per kilogram by the end of 2019 2.
6 euros.
One of the main differences between the 2009-2016 business cycle and the current business cycle is that multinational suppliers have been cautiously adjusting their factory operating rates based on sales trends to avoid accumulating excessive inventory.
The second important point is that since the beginning of 2016, China’s major titanium dioxide producers have faced stricter government reviews in terms of factory pollution control.
Therefore, their unit operating costs and pigment sales prices are now closer than before.
Western counterparts.
In order to address consumers’ concerns about price fluctuations, Chemors , the world’s largest titanium dioxide producer, took the lead in launching a “value stabilization plan” at the end of 2017, providing fixed customers with long-term contracts at an “equalized price” and agreed upon in advance.
The independent determination index is adjusted.
In addition, Tronox and Venator have also begun to provide long-term contracts at inflation index prices.
Tronox called it a “profit stabilization plan” and Venator called it “to reduce price fluctuations.
Tailor-made methods".
So far, customers in the North American coatings industry have accepted these long-term contracts at a high level, while European customers have a low level of acceptance, and Asia and Latin America have the least acceptance.
For a typical buyer of titanium dioxide, a paint manufacturer, a long-term purchase contract with a satisfactory price and quantity commitment can provide considerable advantages in terms of more predictable cash flow, reduce risks, and free up valuable management time , These times in the past may be used for bargaining with suppliers.
ChemoursTwo recent examples are Akzo Nobel and Nippon signed long-term supply agreements with China Nuclear Titanium Dioxide and Gimpo Titanium respectively to meet their own demand for key raw materials required for coating production and to provide security for the supply of key raw materials in 2020.
Guaranteed.
What impact will the depletion of high-grade titanium ore resources have on the itubang.
com//?r=hangqingsudi" target="_blank">price of itubang.
com//?r=hangqingsudi" target="_blank">titanium dioxide ? What impact will the depletion of high-grade titanium ore resources have on the itubang.
com//?r=hangqingsudi" target="_blank">price of itubang.
com//?r=hangqingsudi" target="_blank">titanium dioxide ? itubang.
com//?r=hangqingsudi" target="_blank">The price of titanium dioxide There are many forms of raw materials for the manufacture of titanium dioxide in the market.
There are natural minerals: rutile, the content of titanium dioxide is 90-96%; white titanium, the content of titanium dioxide is 70-91%; ilmenite, the content of titanium dioxide is 45-63%.
Then there are upgraded raw materials extracted from ilmenite after smelting or chemical treatment: high-titanium slag (titanium dioxide content of 75-95%) and synthetic rutile (titanium dioxide content of 92-94%).
Global titanium dioxide plants use the chloride process (involving the use of chlorine) or the sulfate process (involving the use of sulfuric acid) to produce titanium dioxide.
Manufacturers usually use a mixture of different raw materials from different sources, and the composition of the mixture is adjusted according to the price of a single raw material, the required pigment output, the marketability of by-products, and * disposal standards.
Adams said that operators of long-established and mature mines are now facing a decline in the grade of mineable ore-the percentage of titanium and other valuable minerals in the ore is declining.
The new deposits being considered for mining are of poorer quality, more overburden needs to be removed, and they are usually located in areas of higher political risk.
Therefore, mining companies are looking for raw material projects with higher capital and operating costs, which require long-term maintenance of higher prices for ilmenite, rutile and zircon in order to obtain a considerable return on investment.
Since no really significant new deposits have been discovered in recent years, the entire mining industry is reluctant to invest in exploration.
Therefore, throughout 2018/19, the supply and demand of all different types of titanium dioxide raw materials are very balanced, just because of various There was a brief shortage of work stoppages caused by accidents or labor problems in mines and smelters.
Raw material prices are currently at a relatively high level, and in the next ten years or more, actual prices are expected to increase by at least 1% per year.
The increase in cost cannot be fully absorbed by the titanium dioxide pigment manufacturers, so it will cause continuous upward pressure on the sales price of titanium dioxide.
"target="_blank">titanium dioxide manufacturers have successively increased prices, including more than 10 titanium dioxide companies including Jinpu Titanium, Tianyuan Group, CITIC Titanium, Chengdu Vanadium Titanium, Haifengxin, etc.
At first sight, this round of price hikes has already come.
At the same time, titanium , Ltd.
"target="_blank">dioxide manufacturers conducted a conversation about titanium dioxide in Europe, which is more than 10,000 miles away from China.
Reg Adams, the founder of Artikol, an organization that specializes in the study of titanium dioxide (titanium dioxide) market conditions, discussed with the European coating media the current situation of the titanium dioxide market and how buyers deal with price fluctuations, hoping to provide some references for industry professionals.
According to Reg Adams, the coatings industry consumed nearly 3.
5 million tons of titanium dioxide in 2019, accounting for 55% of the world's total consumption.
The per capita consumption of titanium dioxide in most industrialized countries is in the range of 2-4 kg, while in most emerging markets and underdeveloped economies, the per capita consumption is less than 1.
5 kg.
In the past 40 years, the long-term demand for titanium dioxide has increased by an average of 3.
05% per year.
However, the pattern shown in the world titanium dioxide demand table is far from stable.
In the past 40 years, 12 years have experienced a year-on-year growth rate of more than 5%, while in 11 years it has been negative growth.
The fluctuations in demand growth have been particularly pronounced in the past decade.
Generally, the increase and decrease of inventory along the entire value chain will exacerbate "normal" cyclical growth.
During the price increase period, buyers tend to order titanium dioxide in excess of their demand, with the goal of "beating the next price increase.
" They rely on accumulated inventory and then postpone new orders during periods of falling prices.
All the executives of large multinational titanium dioxide companies report that they have witnessed the longest period of sales decline in people’s memory.
They attribute this partly to the general macroeconomic downturn and partly to consumers, especially Paint manufacturers reduced their inventories of titanium dioxide.
Does the carcinogenic theory of titanium dioxide affect the demand for coatings? Does the carcinogenic theory of titanium dioxide affect the demand for coatings?Adams said that in Europe, people have expressed great concern about the validity and relevance of some isolated toxicological studies conducted in 1985 and 1995, which show that long-term exposure to titanium dioxide dust clouds can cause lung tumors.
On the basis of these studies, the European Commission recommends that titanium dioxide be classified as a category 2 carcinogen.
According to the EU directive, this means that the packaging of products containing titanium dioxide, such as paint cans, must be labeled with a cancer warning icon and accompanied by a designated warning word.
In addition, the treatment of empty cans or partially filled paint cans as * will be subject to stricter regulations.
Will this prevent consumers from buying and using coatings containing titanium dioxide, thereby reducing future demand for titanium dioxide? The most famous precedent for making this judgment is California's Proposition 65, which requires products containing or likely to produce titanium dioxide particles less than or equal to 10 microns in size to be labeled with cancer warning labels.
Such products include sprays for hair dyes or car refinishes, as well as products sold in powder form for cosmetics, artist's pigments, food coloring and other products.
California's labeling law was promulgated in September 2011.
Since then, the advent of cancer warning labels has undoubtedly suppressed the demand for titanium dioxide in the food and cosmetic industries, but has little impact on the aerosol or itubang.
com/" target="_blank">powder coating industries.
From the perspective of paint manufacturers, there is no viable technical substitute for itubang.
com/" target="_blank">powder coatings that can be used in coating formulations without serious adverse effects on the performance of the coating product.
Therefore, the honest answer to this question is: the use of anti-cancer labels on paint cans will not have any major negative impact on the future potential growth of the paint industry.
Looking ahead to 2020 and 2021, business prospects should be slightly clearer: The International Monetary Fund predicts that the global GDP growth rate will be 2.
7% in 2020 and 2.
9% in 2021.
In the context of rising business and consumer confidence, the level of construction activities, investment and household spending will increase, and the demand for coatings, plastics and decorative laminates will increase accordingly, leading to a rebound in global titanium dioxide consumption.
Some industry observers and participants predict that in the next few years, demand will grow at a rate of 5% or more per year.
Artikol's forecast is 4.
6% in 2020 and 4.
7% in 2021.
In 2021, global titanium dioxide consumption will reach 6.
75 million tons.
How should buyers deal with fluctuations in the price of titanium dioxide? How should buyers deal with fluctuations in the price of titanium dioxide? Adams said that in the last business cycle, the average benchmark price of standard rutile titanium dioxide delivered to customers in northwestern Europe increased by 90% from 2.
2 euros per kilo in mid-2009, and reached per kilo in the third quarter of 2011.
A peak of 4.
16 euros, then fell to a new low of 1.
96 euros per kilo in the first quarter of 2016.
In the current business cycle, the average benchmark price rose from 1.
96 euros per kilogram to a peak of 2.
985 euros per kilo in the second quarter of 2018, rising by more than 50%, and then prices fell steadily, but at a rather slow pace, reaching a per kilogram by the end of 2019 2.
6 euros.
One of the main differences between the 2009-2016 business cycle and the current business cycle is that multinational suppliers have been cautiously adjusting their factory operating rates based on sales trends to avoid accumulating excessive inventory.
The second important point is that since the beginning of 2016, China’s major titanium dioxide producers have faced stricter government reviews in terms of factory pollution control.
Therefore, their unit operating costs and pigment sales prices are now closer than before.
Western counterparts.
In order to address consumers’ concerns about price fluctuations, Chemors , the world’s largest titanium dioxide producer, took the lead in launching a “value stabilization plan” at the end of 2017, providing fixed customers with long-term contracts at an “equalized price” and agreed upon in advance.
The independent determination index is adjusted.
In addition, Tronox and Venator have also begun to provide long-term contracts at inflation index prices.
Tronox called it a “profit stabilization plan” and Venator called it “to reduce price fluctuations.
Tailor-made methods".
So far, customers in the North American coatings industry have accepted these long-term contracts at a high level, while European customers have a low level of acceptance, and Asia and Latin America have the least acceptance.
For a typical buyer of titanium dioxide, a paint manufacturer, a long-term purchase contract with a satisfactory price and quantity commitment can provide considerable advantages in terms of more predictable cash flow, reduce risks, and free up valuable management time , These times in the past may be used for bargaining with suppliers.
ChemoursTwo recent examples are Akzo Nobel and Nippon signed long-term supply agreements with China Nuclear Titanium Dioxide and Gimpo Titanium respectively to meet their own demand for key raw materials required for coating production and to provide security for the supply of key raw materials in 2020.
Guaranteed.
What impact will the depletion of high-grade titanium ore resources have on the itubang.
com//?r=hangqingsudi" target="_blank">price of itubang.
com//?r=hangqingsudi" target="_blank">titanium dioxide ? What impact will the depletion of high-grade titanium ore resources have on the itubang.
com//?r=hangqingsudi" target="_blank">price of itubang.
com//?r=hangqingsudi" target="_blank">titanium dioxide ? itubang.
com//?r=hangqingsudi" target="_blank">The price of titanium dioxide There are many forms of raw materials for the manufacture of titanium dioxide in the market.
There are natural minerals: rutile, the content of titanium dioxide is 90-96%; white titanium, the content of titanium dioxide is 70-91%; ilmenite, the content of titanium dioxide is 45-63%.
Then there are upgraded raw materials extracted from ilmenite after smelting or chemical treatment: high-titanium slag (titanium dioxide content of 75-95%) and synthetic rutile (titanium dioxide content of 92-94%).
Global titanium dioxide plants use the chloride process (involving the use of chlorine) or the sulfate process (involving the use of sulfuric acid) to produce titanium dioxide.
Manufacturers usually use a mixture of different raw materials from different sources, and the composition of the mixture is adjusted according to the price of a single raw material, the required pigment output, the marketability of by-products, and * disposal standards.
Adams said that operators of long-established and mature mines are now facing a decline in the grade of mineable ore-the percentage of titanium and other valuable minerals in the ore is declining.
The new deposits being considered for mining are of poorer quality, more overburden needs to be removed, and they are usually located in areas of higher political risk.
Therefore, mining companies are looking for raw material projects with higher capital and operating costs, which require long-term maintenance of higher prices for ilmenite, rutile and zircon in order to obtain a considerable return on investment.
Since no really significant new deposits have been discovered in recent years, the entire mining industry is reluctant to invest in exploration.
Therefore, throughout 2018/19, the supply and demand of all different types of titanium dioxide raw materials are very balanced, just because of various There was a brief shortage of work stoppages caused by accidents or labor problems in mines and smelters.
Raw material prices are currently at a relatively high level, and in the next ten years or more, actual prices are expected to increase by at least 1% per year.
The increase in cost cannot be fully absorbed by the titanium dioxide pigment manufacturers, so it will cause continuous upward pressure on the sales price of titanium dioxide.
