Spot TiO2 prices dropped in Ukraine
www.cnchemicals.com Time：2014-10-15 Sources of information：mrcplast
MOSCOW (MRC) -- Traders have reduced spot prices of titanium dioxide (TiO2) for the Ukrainian domestic market, following the stabilization of the national currency, according to ICIS-MRC Price report.
According to sellers, there are no acute problem with buying the dollar by importers, as it was a few weeks ago. The foreign currency exchange rate also dropped, which makes it possible to reduce prices in the local currency. Domestic demand also remained weak, therefore it is difficult to maintain prices.
Prices of US TiO2 of Dupont were heard in the range of UAH40,000-42,000/tonne CPT Kiev, including VAT. Prices reached UAH46,000/tonne CPT Kiev, including VAT (given UAH1 = USD14,6) a few weeks ago.
Prices of Chinese TiO2 grades dropped to UAH36,800-38,000/tonne CPT Kiev, including VAT, versus peak prices at UAH40,000-41,500/tonne CPT Kiev, including VAT, in late September.
Prices of Crimean Titan"s TiO2 were steady. Prices for large buyers were at UAH28,500/tonne FCA Armiansk, including VAT, for 230 grade. Price of 208 grade TiO2 were at UAH29,900/tonne FCA Armiansk, including VAT. Prices of Crimean Titan"s TiO2 were heard in the range of UAH30,900-31,500/tonne CPT Kiev, including VAT, for the retail market.
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