European titanium dioxide buyers well stocked after China export drive

By William Clarke
Published: Monday, 22 October 2018

China-origin imports of TiO2 into Europe more than doubled in volume year-on-year January-June 2018.

The EU imported a total of 765,710 tonnes of titanium dioxide from China in the first six months of 2018, compared with just 324,735 tonnes over the corresponding period in 2017, according to data published by the European Commission.

The increased imports were reported to have been the result of Chinese producers pushing excess supplies onto the European market, because they had limited domestic demand after an economic cooldown.

Traders reported that the heavy volumes of imports have left the EU market fully stocked along the supply chain, and that this will limit the need for further buying.

Fastmarkets assessed the price of titanium dioxide pigment, bulk volume, cif Northern Europe, at €2,650-3,100 ($3,058-3,577) per tonne on September 20. This was unchanged week on week, but down from the price of €2,800-3,200 per tonne which had held for the first half of the year.