Asian titanium dioxide prices may continue to decline

Recently, due to seasonal weakness in the demand for downstream paint and coating products of titanium dioxide, coupled with the recent supply of titanium dioxide, professional market participants predict that the price of titanium dioxide in Asia may continue to decline in a short period of time
.


Market analysis:

In the Southeast Asian market, the delivery price of titanium dioxide from major suppliers in North America and Europe in the third quarter is US$2200-2400 (CFR, Asia)
.
Market participants predict that the titanium dioxide market may improve in September, because according to practice, the demand for the plastics industry will resume growth before the holiday at the end of the year
.


In the South Korean market, the recent weakening of the Korean won against the U.
S.
dollar has hindered the market for imported titanium dioxide
.
At present, a North American supplier and another Northeast Asian supplier are negotiating the third quarter price of plastic grade titanium dioxide pigment with customers, discussing that the price of titanium dioxide is 2450~2500 US dollars (CFR, Asia), which is higher than the delivery of titanium dioxide in the second quarter The price has dropped by 30-50 dollars
.


As far as the price of titanium dioxide in the Japanese market is concerned, it is currently maintained at 300-350 yen/kg (delivery price).
Buyers choose to withdraw from the market at the beginning of August before the Golden Week holiday
.
The price of titanium dioxide exported from Japan to the Asian and Middle Eastern markets fell by 100 to 200 US dollars
.


Most of the titanium dioxide products are used in the coating industry, and more than half of the coating products are used in the real estate industry.
Since this year, the development of the domestic real estate industry has continued to decline, directly reducing the demand for coating products
.