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 improves.

Rio Tinto chief executive Minerals, Sinead Kaufman, said: “The safety of our people is our top priority.We continue to offer our full support to the investigating authorities and I would like to acknowledge the ongoing support of the regional and national governments and South African Police Service as we work together to ensure that we can safely resume operations.”

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 performance to continue to grow for the rest of this year.

Increase in sales and decrease in inventory

The fifth round of price increases during the year landed, titanium dioxide price rose for 11 consecutive months

stcn.com, 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:

TiO2 material shortage has no sign of easing.

“Several price increases during the year   the prosperity of titanium dioxide continues to improve” -ECONOMIC INFORMATION DAILY,Li Ben, Beijing. 年内多次提价 钛白粉景气度持续提升
“Titanium dioxide welcomes the “price boom” again, short-term demand still exceeds supply.” -Sina Financial, ZhangJia Yun, Beijing钛白粉再迎“涨价潮” 短期仍供不应求
The industry has entered the traditional peak season, titanium dioxide staged a new round of price increase cycleYicai.com行业已进入传统旺季,钛白粉上演新一轮涨价周期
Titanium dioxide business quickly into the fifth round of the year prices surge.163.com钛白粉企业迅速投入年内第五轮涨价潮
“These price increasing letter showing the unstoppable trends of price increases.

The current domestic titanium dioxide market situation:

Tio2 Market Analysis before 2021

Brief

From January to September of 2020, the comprehensive output of the whole industry reached about 2.4 million tons, and the total output for the year is expected to reach about 3.4 million tons, an increase of 4.0% year-on-year
While the domestic market environment is gradually improving, the export data also maintains a good momentum. From January to August 2020, the cumulative export volume of titanium dioxide was close to 780,000 tons, a significant year-on-year increase of 18.36%. It is expected that the total export volume for the year will exceed 1.2 million tons, setting a new historical record. To be sure, the export to the international market is still a very important factor supporting the prosperity of titanium dioxide in the latter part of this year and in the future.
As the price of titanium ore continues to run at a high level, the current price of titanium ore in Panxi has reached 298 usd/ton (EXW & not VAT), causing the production costs of major domestic titanium dioxide producers to continue to increase, forcing titanium dioxide producers to continuously adjust their Product prices, coupled with the renewed large-scale outbreak of the global new crown virus, has caused overseas shipping prices to continue to skyrocket, which has caused the domestic titanium dioxide CIF prices to continue to rise, further reducing the price gap with international titanium dioxide suppliers. In addition, due to RMB since the second half of this year Continued appreciation, these reasons have had a certain impact on the export of titanium dioxide in early 2021, so we remain cautious about the export situation in early 2021.

2020 china tio2 export ABRAFATI 2O19 CCFI COVID-19 COVID-19 Pandemic Freight Industry news K2019 KRONOS KRONOS titanium Dioxide Lomon Billions LomonBillions Lonmon Billions price increase Panxi region titanium Slag manufactures Pigments chemical RBM Richards Bay Minerals Rio Tinto SCFI Shipment tight TINOX TiO2 TiO2 industry TinoxChem Tio2 market analysis Venator Venator titanium Dioxide anticorrosive asia pacific coatings show carcinogenic catalyst china tio2 china tio2 export china tio2 market china titanium dioxide price china titanium slag chinacoat2019 chinese manufacture ruotine maintenance coating coatings show coronavirus egypt coatings show high titanium slag kronox price increase maleic anhydride paintindia paintindia2020 particle size distribution plastic grade tio2 powder coating rutile tio2 prices sewage south africa riots surface treatment the best tio2 for plastic industry the influence of coronavirus the pigment and colour science forum 2019 tio2 tio2 application tio2 carcinogenic tio2 electrostatic stability tio2 for masterbatch tio2 for plastic tio2 market tio2 market analysis tio2 pigment posttreatment tio2 pollution tio2 price tio2 price 2019 tio2 price increase tio2 price trend tio2 price trend 2020 tio2 supply tight tio2 world summit titanium Slag titanium dioxide titanium dioxide market titanium dioxide market analysis titanium dioxide market trend titanium dioxide price titanium dioxide raw materials titanium slag market tronox price increase
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