Titanium dioxide market price increase again. Following the Cristal, Japan Ishihara announced on July 1, all the price of titanium dioxide in the global scope to raise $150 /ton on July 5, China's Tio2 suppliers started coming announced price increases, mostly raised around $50-100 /ton. This is the global Tio2 enterprises further rise in price, the eighth price rise of titanium dioxide in the year 2016.
The boom of titanium white industry high from the downstream market support, and auto sales in the new site area this year according to demand continues to rebound. Resonance at the same time, the supply side is influenced by multiple factors, overseas capacity closures, domestic environmental protection starts its backward production capacity, industry consolidation degree of ascension. In addition, the upstream raw material prices continue strong, titanium concentrate more shut down due to environmental stress, recent panxi mine source is in short supply, the price rise is bigger, also on downstream titanium dioxide prices.
Overall, the market bullish sentiment remains high, with the macroeconomic stabilization, relevant industries have bottomed out begins to recover, the downstream industry demand for titanium dioxide since this year also recovered, titanium dioxide sales in good condition.