Two major producer of titanium dioxide (TiO2) in China raised their price offers for the domestic and international markets, according to ICIS.

The price increase came into force on 2 November.

So, the Chinese Henan Billions Chemicals Co raised prices sulfate TiO2 grades to 1000 yuan (CNY) per tonne for the domestic market and at USD150 per tonne for export markets. This year the company is already the 12th time increases prices of titanium dioxide. (USD1 = CNY6,76)

In addition, Sichuan Lomon of similar magnitude as the Henan Billions Chemicals Co, raised their quotes titanium dioxide for both Chinese and international customers. The company attributed the increase in TiO2 prices increased production costs.

According to the price review ICIS-MRC, for the first nine months of 2016 imports of titanium dioxide in Russia amounted to 43 thousand. Tons, which is 33% less than last year. China accounts for 7.5 thous. Tons or 17% of total exports, while the United States and Belgium delivered 6.3 and 6.0 thous. Tons of material, respectively. Quotes for Chinese material are in the range of USD2 100-2 150 per ton CIF Saint Petersburg, excluding VAT. Market players on the Asian TiO2 prices expected to rise further. Also, there is some volume deficit.