Titanium product market outlook for Q3
Market demand from abroad have exceeded demand expectations. Data collected from Chemours, Tronox, Venator and Kronos have shown that their Q3 data on revenues are 1.915 Billion USD, down from last year by 6.61%, but an increase of 14.12%, demand is slowly recovering however it still has not reached the same level compared to the previous year. Enterprise demand have all but exceeded demand expectation.
Titanium ore prices have steadily increased, larger enterprises isn’t really pressured by much however. From January to September, the average prices for Titanium dioxide in the North American market is around 2644USD/ton, a reduction of 1.3% compared to last year. Rutile however is always in short supply and the prices of Rutile are still increasing. Rutile prices have been around 1247USD/Ton, an increase of 17.3% compared to last year.
The near future demand of Titanium dioxide is looking great as more companies are planning to recover. During summer of this year in July, Rutile Titanium Dioxide have hit a new low of just 12500 RMB/Ton, and it caused small to medium enterprises to lose money. Since August the prices have bounced up to an average of 14600RMB/ton. But raw materials procurement pressure is still high.
