Titanium Tetrachloride Price Trend and Forecast

Titanium Tetrachloride Regional Price Overview

Get the latest insights on price movement and trend analysis of Titanium Tetrachloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Titanium Tetrachloride Price Trend for the Q3 of 2024

Asia

In Asia, particularly China and Japan, titanium tetrachloride prices saw a downward trajectory throughout Q3 2024. In China, the construction sector, a major consumer of titanium tetrachloride, experienced a significant slowdown, leading to reduced demand. As a result, the domestic market was flooded with surplus inventory, making it difficult for suppliers to maintain previous price levels. Producers faced stiff competition, with many reducing prices to move excess stock, contributing to the bearish market sentiment.
 

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Additionally, the lack of substantial demand from international markets further exacerbated the situation in China, as the global construction sector, particularly in regions like Europe and the U.S., did not see a surge in orders from Chinese manufacturers. Japan followed a similar pattern, with moderate inquiries from the downstream construction industry failing to generate enough demand to boost prices. The sluggish performance of the Chinese market and limited support from upstream titanium concentrate producers added to the downward pressure on titanium tetrachloride prices across the Asia-Pacific region.

Europe

In contrast to the trend in Asia, Europe, particularly in France, experienced rising titanium tetrachloride prices during Q3 2024. This increase was driven by robust demand from industries such as pigments, coatings, and electronics, where titanium tetrachloride is a crucial chemical component. The construction and automotive sectors in Europe also contributed to the strong demand, further pushing prices upward. Moreover, the cost of raw materials, including titanium ore, surged during this period, adding to the production costs for titanium tetrachloride.

Supply chain disruptions, especially delays stemming from congestion in the Red Sea and increased shipping costs, exacerbated the situation. These factors lengthened delivery times and further inflated prices as manufacturers struggled to maintain a steady supply of materials. Despite some easing in input cost inflation, the persistent logistical challenges and inflationary pressures kept prices elevated throughout Europe, particularly in France, where industrial demand remained robust.

North America

In North America, titanium tetrachloride prices showed a more balanced trend during Q3 2024, though they still leaned towards an upward movement. The U.S. market benefited from steady demand across various sectors, including electronics, automotive, and aerospace, which helped support prices. The easing of inflationary pressures in the U.S., alongside improved consumer spending and economic recovery, led to stable demand for titanium tetrachloride.

However, like in Europe, North American manufacturers faced challenges related to rising production costs and supply chain disruptions, particularly delays in international shipping routes. Freight rates between key routes, such as Shanghai to the U.S. and Europe, showed some signs of relief towards the end of August, but the overall shipping environment remained strained, contributing to elevated logistics costs. Despite these challenges, U.S. buyers showed resilience, with steady consumption of titanium tetrachloride helping to maintain a stable pricing environment.

Analyst Insight

According to Procurement Resource, the price trend of Titanium Tetrachloride is expected to remain strong despite of the ongoing turmoil in the downstream and upstream industries.
 

Titanium Tetrachloride Price Trend for the Q2 of 2024

Asia

China's titanium tetrachloride market experienced fluctuations with an initial period of steady growth followed by a decline. In April, prices rose due to stable titanium concentrate costs and increased demand from the downstream sponge titanium market, creating a favorable trading environment and providing a room for the traders to increase their market quotations of titanium tetrachloride.

However, in May, the market weakened as titanium concentrate prices dropped and the high costs of raw materials exerted pressure. The downstream titanium dioxide market also remained lackluster in this phase, contributing to an average trading situation. Overall, the titanium tetrachloride market operated weakly and steadily, with high raw material costs and subdued demand influencing the price trend.

Europe

In Q2 2024, titanium tetrachloride prices in the European countries remained low, influenced by the underperformance of the construction sector and overall economic sluggishness in Europe. The market dynamics were strained as inflation and high interest rates dampened the purchasing enthusiasm of end-use industries, leading to a cautious approach among industry stakeholders regarding new projects. Despite sufficient availability of upstream titanium ore, demand from downstream sectors such as construction and automotive did not show significant improvement.

The manufacturers kept prices low to balance sales and inventory amidst declining procurement volumes. Additionally, a production halt at The Chemours Company's Altamira facility due to water conservation efforts briefly disrupted the titanium tetrachloride supply chain. However, with the resumption of normal operations, the supply was restored. In addition to these fluctuations, the expected slowdown in the European construction sector kept on exerting downward pressure on titanium tetrachloride prices, with weakening demand being a key factor in determining final prices.

North America

The end-user industries displayed reluctance to make significant purchases of titanium tetrachloride as market activities slowed and the trading environment remained uncertain, reducing their confidence. In the US titanium tetrachloride market, similar challenges were seen as traders struggled to maintain their pricing from the first quarter of 2024 and were compelled to offer discounts on bulk orders by the end of Q2'24. The economic signals worsened with the US dollar weakening against Asian currencies, further depreciated the market conditions. Additionally, increased freight costs contributed to diminished interest in overseas markets for titanium tetrachloride.

Analyst Insight

According to Procurement Resource, the price of Titanium Tetrachloride is expected to share a bleak outlook with the decline in its feedstock titanium ore prices and limited interest of consumer sector amid falling global economic indicators.
 

Titanium Tetrachloride Price Trend for the Q1 of 2024

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Asia

In the Asian titanium tetrachloride market, the prices incurred consistent fluctuations during the first quarter of 2024. In the Chinese market, the prices suffered immensely because of depreciating downstream demands. Many Chinese titanium firms increased their titanium tetrachloride prices despite the fall in demand. This was primarily because of the heightened energy and processing costs, and maintaining the same rates became unviable.

Reduced revenue margins compelled suppliers to take these actions. Despite this, the general trend remained downward tilted because of the consumption deficit. However, the regional projections look promising since many titanium tetrachloride plants plan to undergo maintenance shutdowns in the coming days. Similarly, in the Indian market also the prices were seen to be oscillating throughout the said period.

Europe

The European titanium tetrachloride market seemed influenced by the Chinese market during the said time span. Riddled with economic uncertainties primarily driven by the long stretched Russia and Ukraine war the consumption patterns really muted down in the region. Suppliers tried to uplift the market; however, the lackluster offtakes limited the improvement scopes.

Both the chemical and electronics industries were unable to provide any substantial downstream support to the market. Because of this, the early couple of months saw an almost downward wavering trend. However, as time passed, the suppliers started raising prices marginally in the latter days as the ongoing prices became increasingly unsustainable.

North America

The American titanium tetrachloride market also mimicked the fluctuations in the global market as the prices were observed to be wavering here as well for the majority of the said period. The previous quarter saw a steep downfall in titanium tetrachloride prices after the end user demands crumbled immensely.

Tronox, a US-based titanium firm, revealed its intention to reverse the falling trend in the current quarter. Following this, the prices in the US market became more or less flattened in the later days of the quarter. Overall, mixed market sentiments were witnessed in Q1’24.

Analyst Insight

According to Procurement Resource, Titanium Tetrachloride price trends are expected to rebound in the coming days as the price and revenue buffers seem almost over for suppliers.
 

Titanium Tetrachloride Price Trend for October - December of 2023

Asia

In the fourth quarter of 2023, the Asian price trend for Titanium Tetrachloride experienced stability in the high titanium slag raw material market, marked by low operating rates and some manufacturers halting production for maintenance. This resulted in a decline in market supply. However, the downstream demand weakened, leading to a steady but weak operation in the price of Titanium Tetrachloride.

The slight decline in domestic market prices prompted some titanium tetrachloride manufacturers to potentially increase their purchasing demand, hoping to capitalize on the lower prices. Despite these fluctuations, the overall market sentiment in Asia remained cautious, with manufacturers and suppliers balancing supply constraints and muted demand.

Europe

The European Titanium Tetrachloride price trend in the fourth quarter of 2023 witnessed a downturn, particularly in France, where prices dipped due to weak demand from the construction sector amidst ongoing inflationary pressures. The construction industry's crisis, exacerbated by high-interest rates and rising costs, led to a reduced demand for Titanium Tetrachloride.

Prices in France hovered around 1950-2000 EUR/ton on an FOB basis. The destocking season saw companies reducing inventory levels, further dampening the market demand. Rising energy and raw material prices increased the production cost burden, leading to bearish market conditions.

The European market for Titanium Tetrachloride faced challenges in balancing supply and demand, with some producers reducing production to manage inventories. The market is expected to remain bearish in the upcoming months due to tepid demand fundamentals and continued sensitivity to macroeconomic factors.

North America

In the fourth quarter of 2023, North America price trend for Titanium Tetrachloride mirrored the global trend of declining prices, primarily driven by a slump in global demand and market sentiment. The US market, closely integrated with global supply chains and market dynamics, felt the ripple effects of the downturn in the construction and related industrial sectors, which are key consumers of Titanium Tetrachloride.

The persistent inflationary pressures, which have been a global phenomenon, led to increased production costs in various industries, including chemicals. This, in turn, impacted the purchasing power of downstream industries, leading to reduced demand for Titanium Tetrachloride. Additionally, similar to trend observed in Europe and Asia, the US construction sector, a significant consumer of Titanium Tetrachloride, experienced a slowdown.

This was due to a combination of high-interest rates, escalating material costs, and general economic uncertainty, which led to a decrease in construction activities and, consequently, a reduced demand for Titanium Tetrachloride.

Analyst Insight

According to Procurement Resource, the global prices for titanium tetrachloride are expected to see a little optimism in the Asian market in the early few months of 2024. However, the overall price trend is expected to be in oscillation throughout the year.
 

Titanium Tetrachloride Price Trend for the July - September of 2023

Asia

The titanium tetrachloride price trend fluctuated in the third quarter of 2023. The trend initially depreciated as the consumer sector presented weak demand, and the construction sector also failed to support the growth of the titanium tetrachloride price graph. However, with time, the output of the mining sector declines giving the rising level of inventories a break. Along with this, the paints and coatings industries raised their procurement rates of titanium tetrachloride and helped in the upswing of titanium tetrachloride price trend.

Europe

In Europe, the titanium tetrachloride price trend struggled to find their pace and thus declined consistently throughout the third quarter. The demand from the end-user industries was insufficient in driving the titanium tetrachloride prices upwards while on the other hand, the consistent production of titanium tetrachloride caused excessive rise in the level of inventories. Additionally, the pressure of inflation, lack of competition, and persistent economic challenges pushed the titanium tetrachloride price graph into a downward spiral.

North America

In the first half of the third quarter, the titanium tetrachloride price trend faced southwards in view of limited demand from construction and other downstream industries. In addition to this, the adverse effects of inflation and the fall in the US dollar were visible in the weak momentum of the titanium tetrachloride market.

The prices further shrank as the fixed costs declined, and poor market conditions forced the traders to lower their profit margins. However, in the second half, the titanium tetrachloride price graph moved positively with the rise in the number of new orders from Asian countries and a slight improvement in the market dynamics of the construction sector.

Analyst Insight

According to Procurement Resource, the price trend of Titanium tetrachloride are estimated to trace an oscillating trajectory as the fluctuating demand from the end-user industries and slowly improving market conditions are expected to dictate the titanium tetrachloride price trend direction.
 

Titanium Tetrachloride Price Trend for First Half of 2023

Asia

In the first and second quarters of 2023, the price trend of titanium tetrachloride traced a southward trajectory. The most significant contributor to this downfall in prices was the feeble movement of the downstream industries and volatility in the cost of energy production.

After the removal of COVID restrictions, the production activities in China were reviewed, but due to the negative pressure of inflation, the appetite of consumers remained in the red zone. The rise in inflation also forced the banks and financial institutions to increase their interest rates, which in turn led to the downward journey of titanium tetrachloride price trend.

Europe

The European countries struggled with the rising rates of inflation and the skyrocketing cost of production that initially supported the rise in the prices but later on, affected the market negatively. In addition to this, the ill-effect of high inventory levels and weak rates of procurement from the downstream industries also adversely affected the prices of titanium tetrachloride. The performance of the construction and automotive industries especially suffered from the lower number of sales that, in turn, hampered the price trend of titanium tetrachloride.

North America

The price trend of titanium tetrachloride in the first and second quarters of 2023 remained volatile due to the combined effect of many factors. Among the variety of factors, the low level of demand from the end-user industries and limited trading activities affected the price trend of titanium tetrachloride mostly. Additionally, the pressure of inflation, hikes in interest charges, and strict monetary policies adopted by the government had a detrimental effect on the prices of titanium tetrachloride.

Analyst Insight

According to Procurement Resource, the price trend of Titanium tetrachloride is estimated to follow a declining trajectory as the sales of downstream industries are supposed to suffer from weak economic conditions and high inflation rates.

Procurement Resource provides latest prices of Titanium Tetrachloride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.