Asian titanium dioxide prices will continue to fall due to the intensified trade tension between China and the United States. Among them, consumer confidence in Asia has weakened, and titanium dioxide pigments have also suffered losses due to seasonal stagnation. ICIS data show that on May 24, the spot price of Chinese titanium dioxide exports was 2250~2350 US dollars / ton (FOB).
In the first quarter of this year, China's imports of US-originated titanium dioxide pigments decreased year-on-year. At the same time, China’s exports of titanium dioxide to the United States have also decreased, and some products have been transferred to the Asian market. Because Chinese products are more cost-competitive, some buyers in Southeast Asia and India choose to import Chinese products. At the same time, exchange rate factors will encourage Chinese titanium dioxide producers to promote exports. These factors have suppressed the price of Asian titanium dioxide.
In addition, the market sentiment was sluggish and participants became cautious. China's demand is expected to remain weak from June to August. In India, the paint and coatings industry demand may gradually decrease in June. Adequate supply in the Southeast Asian market may put downward pressure on Asian titanium dioxide prices.