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Moscow (MRC)-According to the ICIS-MRC price report, the export price of titanium dioxide (TiO2) from Chinese suppliers has dropped by US$50-150/ton since last week, and this year has bottomed out
.
The CIF price of St.
Petersburg (including delivery to Russian ports) is US$1,600-1,650/ton, excluding VAT
.
The CIF price in St.
Petersburg at the beginning of 2015 was US$2,000-2,200/ton, excluding VAT
.
Traders said that despite the drop in prices, domestic demand this year still dropped significantly
.
In the first three quarters of 2015, China's titanium dioxide exports decreased by two times to 5,000 tons
.
Chinese models account for 9% of Russia's total consumption of titanium dioxide
.
The rutile model is the main model exported from China
.