China Containerized Freight Index reached a new record high

China Containerized Freight Index knowns as CCFI, is an important index reflecting the shipping price.
On 11th June, the CCFI reached a new high to 2442.57 from 2373.77 in a 2.9% rise comparing with last period dated 4th June.

In which, the Europe serivces increased 4.6% ranked the first on the list. The top ten as following:

International rutile prices rose in the third quarter

With the recovery in Europe and America, the demand for titanium raw materials by European and American companies is also recovering. It is understood that driven by the growth of demand in Europe and the United States, ILUKA’s rutile quotation in the third quarter rose from the previous US$1,495/ton to US$1,640/ton. In addition to ILUKA, some foreign companies have also raised the price of 95 rutile. At present, the international quotations of 95 rutiles are all above US$1,600/ton, and the supply exceeds demand. According to several rutile manufacturers, the current western downstream users are more active in purchasing rutile raw materials, and the spot supply of rutile is tight.

In May, ILUKA announced that it would suspend the production of rutile mines in Sierra Leone after November this year, which will cause the global supply of rutile to drop by more than 140,000 tons per year. At the same time, the safety accident at Rio Tinto’s South Africa plant has made the plant’s future stability of high-titanium slag supply uncertain. If the output of ILUKA rutile is reduced while Rio Tinto’s South Africa titanium slag plant also sees a decline in output, then the global supply of high-grade titanium-rich materials at the end of this year will not be optimistic.

LomonBillions announced price increase since 1st July 2021

LomonBillions announced price increase, since 1st July 2021, all grades of titanium dioxide(Sulfate process tio2, Chloride process tio2) price will increase 500yuan/mt based on last price offer.
Lomon Baili raised prices for 6 consecutive times during the year.

The high-titanium slag market enters a short period of stability

This month, the northern 90 titanium slag bidding price was 7,600 yuan/ton, an increase of 100 yuan/ton from last month. Since March, the price of 90 titanium slag has risen at a relatively large pace, mostly around 400 yuan/ton. The slowdown in the price increase this time indicates that the high-titanium slag market will enter a period of relatively stable prices in the future.

The reason why the price of high-titanium slag rose sharply in March and April was mainly due to the rapid increase in the price of ilmenite leading to rising costs. Recently, the northern high-titanium slag enterprises have gradually completed the establishment of ilmenite inventory, and the average ilmenite inventory is about 2-3 months. Therefore, the production cost of high-titanium slag in the north will be relatively stable in the future, and a single increase of 400 yuan/ton will temporarily bid farewell to the market. From a long-term trend, with the gradual resumption of production of western titanium dioxide companies, the demand for ilmenite in the West will also gradually increase, and the corresponding supply to the Chinese market will decrease. The recent discovery of a mutated new coronavirus in Vietnam has brought certain uncertainty to the future market trend. The Vietnamese market is my country’s main source of titanium slag raw materials. Although the supply has declined in recent years, it has maintained a relatively stable supply. In contrast, although ilmenite from Ukraine, Sri Lanka, Falkland Islands, and Norway appeared on the market some time ago, they cannot become a stable source. If the spread of the new coronavirus in Vietnam affects its export of ilmenite to my country, it may push up the price of domestic titanium chloride ore in the future. After the current inventory of ilmenite in the titanium slag plant is exhausted, the price of titanium slag may change again due to the cost of ilmenite.

LomonBillions may invest 400Million CNY to build new factory in Gansu

Recently, LomonBillions announced, according to the company’s business and strategic development needs, in order to further increase the company’s market share and strengthen the company’s competitiveness, the wholly-owned subsidiary Longbai sichuan titanium limited is planning to invest 400MillionCNY in JinCang City, Gansu Province, China, to build new factory, which will be named Gansu Billions Chemical Co ltd (Subject to the final actual name).

Tronox announced the price increase in asia pacific

Tronox announced, since 1st July 2021, all TIONA TiO2 products sold to asia pacific price will increase 225USD/MT.
Tronox said, now the TiO2 is still in strong demands, and the shipping sistuation is still tight and challenging. The 60days deliverying policy is still live.

Pangang New CP grade TiO2 production line final test is in progress

Pangang Group said recently, now the company is organizing forces for the final test of new production line of CP grade TiO2, which was designed for 15K/Mt annual capacity.
After then, the new production line is estimated to come into real production.

Data shows, Panzhihua area in Sichuan Province China, is one of the four largest iron ore production area, in which the associated resources reserves rank first of the whole world. Low-temperature chlorination process for producing titanium dioxide is the company original technology, using carbonized slag as its raw material. CR-350 grade is in stable mass production.

The fifth round of price increases during the year landed, titanium dioxide price rose for 11 consecutive months, Zhaoliyun Original content 年内第五轮涨价落地 钛白粉连涨11个月

As a product whose price fluctuations have attracted much attention from the market before, the announcement of titanium dioxide’s recent rise has been submerged in the “rising sound” of various commodities one after another. Inadvertently, titanium dioxide has been rising for 11 consecutive months, and the fifth round of price increases this year has also landed one after another, and the record for the longest product price increase is about to be broken.

Venator announces global Titanium Dioxide price increases

VENATOR announces global Titanium Dioxide Price INCREASES

WYNYARD, UK – Venator Materials PLC (“Venator”) (NYSE:VNTR) today announced global price increases for all its titanium dioxide pigments for coatings, plastics, inks and paper applications. The increases are effective from July 1, 2021.
EMEA (Europe, Middle East and Africa): €180/t or USD USD200/t
Asia Pacific / Latin America: USD USD200/t
North America: USD $0.08/lb
The implementation of the above announced increases will be agreed with individual customers consistent with our customer tailored approach.

KRONOS announced price increase from July 1 2021

KRONOS ANOUNCED price increase at April 30th, 2021.

The full letter as following:

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