Spread Narrowed between Domestic and Overseas Titanium Dioxide
www.cnchemicals.com Time：2014-08-29 Sources of information：www.cnchemicals.com
Prices of titanium dioxide vary widely from abroad to domestic. The latest titanium dioxide prices in China are 13,000-13,500 yuan metric tons, which are 20,000 yuan metric tons in overseas markets.
As the qualities of China''s titanium dioxide have been improved, increased demands from overseas markets stimulating increase of the export prices of titanium dioxide. Stronger-than-expected Real-estate data in the USA , along with the export recovery in July is the main factor to driven up the prices of titanium dioxide. By July, housing starts in the USA are up 15.7% on a monthly basis, which hit new record highs over the last 8 months. Housing starts also revised up greatly in June. Recovery of America''s real-estate industry motivated changes of trade flows and prices of titanium dioxide. The annual export quantities of titanium dioxide are expected to reach 600,000 metric tons by 2014(400,000 metric tons exports and 2.15 million metric tons output in 2013).
As the peak season loomed from September to October, there may be a trend of stock compensation of China''s titanium dioxide in the latter period, which will trigger prices rises. Since there is no good news for demands of titanium dioxide in domestic market, it is more likely that the prices stabilize at 13,500 yuan metric tons.
Our statement about the copyright and responsibility:
Please add the source of "www.china-tio2.net" if you reproduce the original article from our website. And in order to respect the hard work of the author, please add the author''s name if it appears in the article. We will investigate the legal liability of those who violate the above statement. We are not responsible for the views and authenticity of the articles which we reproduced from other media because our aim of reproduction is to deliver more information to the readers. If you have problems about the articles'' content, copyright or others, please send email to chinatio2@yeah.net or call us at +86-21-32513560.