The global supply of tio2 is getting worse.

The global supply of tio2 is getting worse.

After the force majeure announcement of RBM, the market of CP grades TiO2 was expected to raise in 3rd and 4th quarter. But after the mid of July, the Wait-and-see sentiment in the market since May finally leads to a price fallback in Asia, and some Chinese manufacturers had to reduce their price to
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Rio Tinto declares force majeure at Richards Bay Minerals

According to Businesswire in London, Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position imp
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Global titanium dioxide market outlook for the better

Global titanium dioxide market outlook for the better

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, Tronox and Kronos reported positive results in the first quarter and expect their per
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China Containerized Freight Index reached a new record high

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:

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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.

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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.

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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).

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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.

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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.

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