Titanium dioxide producers hope higher profit margins in the second quarter

According to reports, some of the major titanium dioxide (TiO2) producers that are marketing in Asia hope to obtain better profit margins in the coming months because buyers are accepting, at least in part, that they have accepted the higher contract price in the second quarter. , the manufacturer said. “We are pleased that progress has been made in the second quarter of the Asian price negotiations and we have reached nearly 50%-70% of the target price increase so far,” said a global leader in titanium dioxide suppliers. Several global suppliers of titanium dioxide increased the second-quarter price by $120/ton, compared to the price level in the first quarter. An Asian supplier stated that it has achieved nearly two-thirds of the price increase of $150/ton in the second quarter.

Producers said that because of the high raw material costs, they have increased the pressure on profitability and affected their commitment to new investments. Over the past eight years, Asian titanium dioxide prices have only increased by about 7%, and their raw material costs, especially energy costs, have increased by several times or more. The price of crude oil used as a basis for the cost of raw materials has surged 350% since 2000.

"If you consider the inflation factor, you will find that the profitability of titanium dioxide is actually negative," said another global supplier. Prices in the major downstream industries, such as coatings and plastics, have been adjusted upwards. “Over the past eight years, the prices of paints and composite plastic resins have been increased by 35%-40%, while the price of titanium dioxide has only increased by 7%,” said the third global supplier.

The global production capacity for titanium dioxide is about 5.4 million tons/year, and the actual production is estimated at 5.2 million tons/year. The estimated demand this year is about 5.15 million tons/year. "Global demand is expected to increase by 3% in 2008, but China's demand growth may be close to 12%. On Friday, Asian titanium dioxide prices were 2100-2400 US dollars / ton (cost and freight), compared with a week ago rose by 50 US dollars / ton. According to the global chemical market service message pricing system.

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