Monday, July 1, 2019
Heavy minerals market dynamics.
Prices for titanium dioxide feedstocks, including ilmenite and rutile, have recovered since 2017. Ilmenite prices have stabilised at 150-200 dollars/tonne, while those for higher-grade products, including rutile, have risen. Inventories are being reduced; destocking by pigment producers is reducing feedstock demand. Nevertheless, environmental restrictions on pigment production and domestic gas shortages are helping to underpin prices in China. Upstream, environmental restrictions are constraining Chinese ilmenite mining.