DuPont and Tronox lead the third wave of TiO2 price increases in 2013
Led by optimistic anticipation of future TiO2 demand, DuPont and Tronoxannounced a price increase on May 30, 2013.
Dupond, Tronox, TiO2 price, rutile, consumption, downstreamTiO2 prices are increasing again! On May 30, 2013, both DuPont and Tronox announced aTiO2 price increase. It was the third wave of TiO2 price increases by international TiO2 giantsin the year so far. The first wave occurred at around the end of Feb. 2013, led by Kronos,Huntsman, Cristal and ISK. The second wave came on May 9, 2013, led by Kronos. Relativelyspeaking, DuPont and Tronox acted more prudently in their price increase strategy, accordingto TiO2 China Monthly Report issued byCCMin June.
In detail, Tronox announced that the prices of its TiO2 products sold in Latin America and AsiaPacific will be raised by a minimum of USD175/t; those sold in Japan will be raised by aminimum of USD228/t; those sold in Europe, Middle East and Africa will be raised by aminimum of USD162.5/t or USD175/t in US Dollar markets; those sold in North America will beraised by a minimum of USD132.3/t. The announcement will become effective on June 1, 2013or as contracts allow. At the same time, DuPont also announced that the pric
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Ti-Pure® TiO2 sold in Asia Pacific and Latin America will be raised by USD200/t; those sold inEuro zone markets in Europe, the Middle East and Africa will be raised by about USD208/t or USD200/t in US Dollar markets; those sold in North America, in addition to paper andpaperboard applications, will be raised by about USD176.4/t. The announcement will becomeeffective on July 1, 2013 or as contracts allow.The condition of the domestic TiO2 market is quite different from overseas TiO2 market. Inmid-May, domestic rutile TiO2 was sold at around USD2,600/t, decreasing by about 15%compared to that in mid-Jan. 2013, ignoring the consecutive price increase announcement of international TiO2 giants. The real estate industry recovery in the U.S. and widespreadproduction reduction of TiO2 producers in 1Q 2013 caused the international giants to hold anoptimistic view in anticipation of booming TiO2 demand in the future, driving them to announceprice increases again and again. While the domestic TiO2 market heavily depends on theconsumption of domestic downstream industries, as the de-stocking process has beenprogressing and the current domestic TiO2 selling prices are close to the unit production cost,it is estimated that the domestic TiO2 market might touch the bottom around July this year.
Editor's notesHeadlines of this issueIndustrial InformationImport volume of TiO2 was up 15.70% while export volume was down 13.00% in April 2013Total titanium feedstock supply volume was flat in April compared with that in March