Asian optical brightener sellers remain optimistic about market prospects.
2019-06-03
Prices for Asian rutile-type extinction agents remain stable, with market fundamentals unchanged.
Most sellers remain optimistic about the future market. A leading matting agent producer stated at a recent conference in Hong Kong that, following last year’s price decline triggered by oversupply, prices have now bottomed out. Meanwhile, an independent major manufacturer expects demand in the plastics sector to pick up over the coming quarters.
However, buyers continue to resist the price hikes, with at least two of them seeking alternative rutile‑type matting agents—most of which are sourced from China and offer more competitive pricing.
India’s import market remains stable, with purchasing interest subdued by the strong U.S. dollar. Domestic matting agent prices stand at 187 rupees per kilogram.
In Southeast Asia, negotiations for fourth-quarter contract prices in the paints, coatings, and plastics sectors are centered around USD 2,700–3,100 per tonne. Some market participants note that, given the volatility of local currencies against the U.S. dollar, import volumes may be subject to restrictions.
In Japan, the average price of matting agents has remained stable at 300–350 yen per kilogram. With post-disaster reconstruction demand and an upcoming consumption tax hike in April 2014, current demand remains moderate.
This week, Asian prices remained steady at USD 2,650–3,050 per tonne (Asia).
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