The recent price increase in the titanium dioxide industry is directly related to the increase in raw material costs.
Longbai Group, China National Nuclear Corporation, Yunnan Dahutong, Yibin Tianyuan and other enterprises have all announced price increases for titanium dioxide products. This is the third price increase this year. One of the main factors leading to the increase in cost is the increase in the price of sulfuric acid and titanium ore, which are important raw materials for the production of titanium dioxide.
By raising prices in April, businesses were able to offset some of the financial pressure faced by higher costs. In addition, the favorable policies of the downstream real estate industry have also played a supporting role in the rise of housing prices. LB Group will increase the price by USD 100/ton for international customers and RMB 700/ton for domestic customers. Similarly, CNNC has also raised prices for international customers by USD 100/ton and for domestic customers by RMB 1,000/ton.
Looking ahead, the titanium dioxide market is showing positive signs in the long term. The demand for titanium dioxide products is expected to grow as the global economy progresses and living standards improve, especially in developing countries that are undergoing industrialization and urbanization. This will lead to increased demand for titanium dioxide in various application scenarios. Moreover, the growing demand for coatings and paints across the globe is boosting the growth of the titanium dioxide market. In addition, the domestic real estate industry has also led to an increase in the demand for coatings and paints, which has become an additional driving force for the growth of the titanium dioxide market.
Overall, while recent price increases may pose challenges for some customers in the short term, the long-term outlook for the titanium dioxide industry remains positive due to growing demand from various industries globally.
Post time: May-09-2023
