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Titanium Tetrachloride Price Trend and Forecast
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 October-December of 2023
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.
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.
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.
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
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.
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.
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.
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
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.
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.
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.
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.
Titanium tetrachloride occurs as a pale-yellow liquid at room temperature and solidifies as a yellow crystalline solid at very low temperatures. It has high density and reactivity in the presence of moisture, and in the presence of air, it easily converts into titanium dioxide and hydrogen chloride. This characteristic is used in the Kroll process to produce titanium metal. TiCl4 is also used in many industrial applications as a catalyst, smoke screen component, and precursor for thin film coatings.
|Titanium production, Catalyst, Smoke screens, Chemical Synthesis, Electronics, Textile and printing
|Huntsman International LLC, Dow , Du Pont Inc, Kronos Lab Sciences Pvt Ltd, Tronox Limited, ISK Industries, The Kerala Minerals & Metal Ltd, Merck KgA
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
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In the first step of the reaction, Rutile is reduced using coke, and then the resultant product is chlorinated around 200-500°C to get a crude distillate compound. This compound is then distilled and purified using copper to give titanium tetrachloride.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103