PanZhiHua Titanium Dioxide Concentrate Price Increase

Jan. 12, 2012 - PRLog -- Europe titanium market develop smoothly, according to the European strategy of small metal report, the current price of titanium sponge is $ U.S. 11.5-12.5/kg, compared with price of ilmenite as $ U.S. 6.5-7.5/kg of titanium, the domestic temporarily price of ilmenite is stable, titanium ore prices rise up again.

It is reported that the titanium dioxide market in the domestic take a turn for the better recently. As the international demand of titanium dioxide supply falls short of demand, domestic titanium dioxide market was boosted. It is reported, despite the recent wave of global titanium dioxide prices still continue, recently, the North American market, Kronos announced the price of titanium dioxide increase following the initial 15 cents / lb (about 300 U.S. dollars / ton), the recently re-released titanium dioxide by 35 cents / lb (about 700 U.S. dollars / ton). In the European market, the price of titanium dioxide by 2300-2550 euros / ton rose to 2750-3000 euros / ton.

With the rising international price of titanium dioxide, paint manufacturers cost pressure increased. Chinese cheap titanium dioxide is favored by over sea’s purchaser. So, Chinese titanium dioxide market turned better, its market price increased in late November, the market rose price is expected to remain strong.

Jinzhou Titanium Industry Co., Ltd. announced today: As raw material prices increases, higher manufacturing costs, our company will increase the titanium dioxide prices by 1,000 yuan / ton be January 1, 2012.

Market participants believe that the international titanium dioxide prices continue to rise, with the large domestic enterprises lead, or titanium dioxide industry in China will once again usher in a price increase.

In addition, the titanium dioxide market improved, factories resume production, making it raw titanium ore market demand increases, titanium ore markets around the country has shown tight supply situation recently, Panzhihua, Yunnan, titanium ore prices have also increase in short supply under market today, the price is raised to Panzhihua ilmenite 1650-1750 yuan / ton price, market sources said, due to tight supply, the market outlook is still upward price possible.
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