Tronox and Ishihara raised the price of titanium dioxide from July 1

Recently, Tronox, an overseas titanium dioxide giant, issued a price adjustment letter, saying that from July 1, 2022, the price of all titanium dioxide sold to the Asia Pacific region, except Japan, will increase by $300 / ton (about 1997 yuan / ton). In addition, due to the tight supply of raw materials, the delivery period of sea freight is set at 90 days, and we remind you that all order confirmations depend on the availability of products and whether the required delivery period is observed.

Industry insiders said that on the one hand, the price rise of titanium dioxide was due to the rise of upstream raw materials, and the other important factor was the gradual recovery of demand in major downstream fields such as automobile and real estate, resulting in the overall improvement of the industry. In addition, the recent rise in the cost of various chemicals brought about by the RMB exchange rate repeatedly breaking new lows and even sprinting to 7.0 is also one of the factors for its price rise.

The depreciation of RMB means that the import cost increases, which will cause great negative effects on industries that rely on overseas imports and foreign currency loans, especially for petroleum, chemical industry, mining and other industries. Now, this kind of influence has been transmitted rapidly, leading to the sharp increase in the prices of many imported chemicals and tight supply, which has brought haze to the operation and cost of domestic chemical industry and its downstream enterprises.

Ishihara isk: from July 1, 2022, the price of titanium dioxide in all regions except Japan will be increased by $300 / ton (about RMB 1331 / ton).

Insiders said that in the future, the short supply and high-level operation of overseas chemical industry leaders will be transmitted to the domestic chemical market, which will eventually form a domino effect. The continuous price rise of chemical raw materials is imminent.