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Recently, a number of titanium dioxide manufacturers said that the global demand for titanium dioxide is strong and the supply is tight, and the market price may continue to rise
.
Major producers Chemours, Venator, Tenor and Kronos reported positive results for the first quarter and expect their performance to continue to grow for the rest of this year
Increase in sales and decrease in inventory
Increase in sales, decrease in inventory, increase in sales, decrease in inventory“Chemours’ sales in the first quarter increased by 2% compared to the fourth quarter of last year
.
The demand for coatings, plastics and laminates for Chemours’ titanium technology business continued to increase in the second quarter
Tenor CEO John Romano said that the sales volume of titanium dioxide in the first quarter increased by 15% compared with the fourth quarter of last year.
Demand in various regions was strong, but the largest growth was in Europe and the Asia-Pacific region
.
Simon Turner, chief executive officer of Pannergy, also said that market demand has grown unexpectedly and strongly
Demand is back on track
Demand is back on track Demand is back on trackThe overall demand for titanium dioxide has basically returned to the level before the epidemic
.
The Connors report shows that the sales volume in the first quarter of this year was 141,000 tons, an increase of 4% from 136,000 tons in the same period last year, and an increase of 14% from 124,000 tons in the second quarter of 2020
Chemours Chief Operating Officer Mark Newman said: "The recovery in demand for titanium dioxide began in the second quarter of last year when DIY products were launched
.
Architectural coatings accounted for most of the company's titanium dioxide business, and the rest was laminate and plastics business.
Supply tends to be tight
Supply tends to be tight Supply tends to be tightAfter the collapse of demand in the second quarter of last year, titanium dioxide producers around the world have drastically reduced production, and then the slow recovery of production has resulted in a tight supply situation
.
Newman said: "Judging from the operation of our factory in March and April, our output in the second quarter will be higher than that in the first quarter
Although the price of titanium dioxide is rising in the first quarter of this year, it has not fully recovered
.
At the same time, production costs are also increasing
Turner pointed out that China's exports remained stable in the first quarter of this year, and the main export markets were other Asian countries and emerging markets
.
He said: “Due to the strong local demand for titanium dioxide in China, coupled with transportation restrictions, China’s exports to Europe and North America will fall, which will make customers even more hope that we can provide reliable supplies
According to data from IHS Markit, Chemours, Fennel, Tenor and Connors together account for 40% of the global titanium dioxide production capacity, with a total global production capacity of 8.
4 million tons per year in 2020
.
Chemours has the largest production capacity, about 1.
2 million tons/year; followed by Tenuo with 1 million tons/year; Fannto and Connors both have 500,000 tons/year
.
In the past 10 years, China's titanium dioxide production capacity has surged, from 2.
1 million tons/year in 2011 to 3.
7 million tons/year in 2020, accounting for 44% of the world's total production capacity
.
During the same period, China's annual net exports increased from 41,000 tons to 69,000 tons
.
