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Titanium Dioxide Report – May 26, 2010

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Current Prices ( May 26 - 2010) of Titanium Dioxide (Anatase and Rutile Grades)

FOB Anatase Rutile

Singapore 2485 - 2495 2600 - 2635
USA 2465 - 2485 2615 - 2630
Taiwan 2480 - 2490 2550 - 2570
Australia 2360 - 2370 2470 - 2490
Korea 2360 - 2380 2520 - 2540
China 1795 - 1810 2550 - 2580
Japan 2540 - 2560 2650 - 2675
Saudi Arabia 2470 - 2510 2685 - 2695
India 2320 - 2340 2585 - 2630
CFR
India 2380 - 2405 2685 - 2705

TiO2 (Anatase) FOB Price Trends in US$/t

2800 Singapore
2600
USA
2400
Taiwan
2200
Australia
2000
Korea
1800

1600 China

1400 Japan
1200 Saudi Arabia
1000
India
Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May-
08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10
 Singapore
TiO2 (Rutile) FOB Price Trends in US$/t
2900 USA

2700 Taiwan

2500
Australia

2300
Korea
2100
China
1900
Japan
1700
Saudi Arabia
1500
Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- India
08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10

TiO2 CFR Prices Indian Ports in US$/t

2900

2700

2500 India - Anatase

2300 India - Rutile

2100

1900

1700

1500
Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May-
08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10

India (Ex Mumbai) Prices of TiO2 in Rs/Kg

China
220

Dupont
180

140 RC -822

100
TR- 92

60

TTK
20
Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May-
08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10 10 10

Japan TiO2 Export in MT

9000
7851
7500
5534 4519 5124
6000
4460 4753 4558 4454 5071
3875 3939 4199 4228
4500 3838
3513 3430 3236
3011 2767
2508 2421 2408
3000
1500

0
Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar-
08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10
 Japan TiO2 Import in MT
7000
5824
6000 5560
5289 5321 5206 5283 5201
4832 4897
5000 4528 4635
4080 4127 4268 4176 4096 4039
4000 3743 3680
3414 3259
3161
3000

2000

1000

0
Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar-
08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10

Thailand Titanium Dioxide Import in MT titaniumdioxidereport.com

7500 6741
6441 6235 6245
5951 6092
5730
6000 5118 5164 4956 4939
4461 4475 4550 4602
4181
4500 4060 4056
3322
3000 2520
2089 1890

1500

0
Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar-
08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10

titaniumdioxidereport.c
India TiO2 Import in MT
17500
14338
15000
11442
12500 10389
9844 9634 9321 9657 8232 8309
10000 8473 8002 7725
6954 7621 6595 6580 7027
8011
7500 5676
4890
5000 3663 3409

2500
0
Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar-
08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09 09 09 09 10 10 10

Travancore Titanium Products Limited Prices 26.05.2010

Particulars Anatase AnataseSpl. Rutile Grade
Grade
RG Grade Special Grade RD-01
(Rs.) (Rs) (Rs.)
Basic Price 89,500 1,30,500 91,000
BED @ 8% 7,160 10,440 7,280
Educational Cess @ 2% 143 209 146
S & H Edn. Cess @ 1% 72 104 73
C.S.T. 2%* against C form 1,938 2,825 1,970
Invoice Price (Ex-TTP) 98,812 144,078 100,468
 India Domestic Prices* of Various TiO2 Grades in Rs./KG 26.05.2010
Product Ex Mumbai Ex Delhi Ex Chennai
TiO2 (DuPont) 155.50 - 156.90 157.85 - 158.25
TiO2 (TR - 92) 155.80 - 156.75 157.75 - 158.10
TIO2 (RC - 822) 146.00 - 147.40 147.85 - 148.25
TiO2 Anatase (TTK) 106.85 - 107.25 106.75 - 107.95
TiO2 Anatase (China) 102.00 - 103.50 99.55 - 99.95
TIO2 Anatase (TTP) 102.00 - 103.50 plus Ex. VAT
TiO2 (Rutile - R-902) 136.20 - 137.75 166.50 - 166.75
TiO2 Anatase 110.25 - 111.50
All Prices are inclusive of Excise Duty and VAT as applicable

Global Tio2 (Anatase and Rutile) price trend…

Current FOB and CFR prices for Titanium Dioxide are as follows – Anatase Tio2 FOB Singapore prices
are hovering between USD 2485 – 2495 PMT whereas Rutile Tio2 FOB Singapore prices are in the
range of USD 2600- 2635 PMT. Anatase Tio2 FOB USA prices are in range of USD 2465 – 2485 PMT,
Rutile Tio2 FOB USA prices are in the range of USD 2615- 2630 PMT. Anatase Tio2 FOB Taiwan
prices are oscillating between USD 2480 – 2490 PMT, Rutile Tio2 FOB Taiwan prices are in the range
of USD 2550-2570 PMT. Anatase Tio2 FOB Australia prices are in the range of USD 2360 – 2370
PMT, Rutile Tio2 FOB Australia prices are in the range of USD 2470 – 2490 PMT. Anatase Tio2 FOB
Korea prices are in the range of USD 2360 – 2380 PMT, Rutile Tio2 FOB Korea prices are in the
range of USD 2520–2540 PMT. Anatase Tio2 FOB China prices are in the range of USD 1795 – 1810
PMT, Rutile Tio2 FOB China prices are in the range of USD 2550 – 2580 PMT. Anatase Tio2 FOB
Japan prices are in the range of USD 2540 – 2560 PMT, Rutile Tio2 FOB Japan prices are in the
range of USD 2650 –2675 PMT. Anatase Tio2 FOB Saudi Arabia prices are in the range of USD 2470
– 2510 PMT, Rutile Tio2 FOB Saudi Arabia prices are in the range of USD 2685–2695 PMT. Anatase
Tio2 FOB India prices are in the range of USD 2320 – 2340 PMT, Rutile Tio2 FOB India prices are in
the range of USD 2585–2630 PMT. Anatase Tio2 CFR India prices are in the range of USD 2380 –
2405 PMT, Rutile Tio2 CFR India prices are in the range of USD 2685–2705 PMT.

FOB Saudi Arabia Tio2 Rutile prices jumps by 25 % from Jan 2009 till date.

FOB Saudi Arabia price trend details for Titanium Dioxide is as follows – Rutile Tio2 FOB Saudi
Arabia price were hovering around USD 2155 PMT in the month of January 2009, in February prices
reported at USD 2160 PMT, USD 2480 PMT in March. Prices of titanium Dioxide showed a rise in
prices in the month April by USD 2560 PMT. Thereafter it showed a fall in prices & reported in the
range of USD 2535 PMT in May. Further the prices of the product were fluctuating & reported in the
range of USD 2520 PMT in June, USD 2490 PMT in July, USD 2445 PMT in August, USD 2520 PMT in
September, USD 2545 PMT in October, USD 2520 PMT in November, USD 2590 PMT in December. In
the month of January 2010 prices of the product increased slightly & reported at USD 2595 PMT,
whereas in the month February it reported at USD 2605 PMT & the prices were almost constant in
March and USD 2670 PMT in April. In current month there was an increase in prices by USD 25 PMT
and reported in the range of USD 2695 PMT compared to last month. Since January 2009, prices
have increased up by 25%, so far in this year i.e. May 2010 & reported at USD 2695 PMT.

FOB Tio2 Japan prices for rutile grade jumps 16 % from Jan - March 2009 till date...

FOB Japan price trend details for Titanium Dioxide is as follows – Rutile Tio2 FOB Japan price were
hovering around USD 2310 PMT in the month of January 2009, in February prices reported at USD
2390 PMT, USD 2320 PMT in March. Prices of titanium Dioxide showed a rise in prices in the month
April by USD 2540 PMT. Thereafter it showed a fall in prices & reported in the range of USD 2510
PMT in May. Further the prices of the product were fluctuating & reported in the range of USD 2540
PMT in June, USD 2555 PMT in July, USD 2390 PMT in August, USD 2470 PMT in September, USD
2495 PMT in October, USD 2480 PMT in November, USD 2560 PMT in December. In the month of
January 2010 prices of the product increased slightly & reported at USD 2575 PMT, whereas in the
month February it was almost constant. Further the prices increased continuously & reported at USD
2580 PMT in March and USD 2650 PMT in April. In current month there was an increase in prices by
USD 35 PMT and reported in the range of USD 2685 PMT compared to last month. Since January
2009, prices have increased up by 16%, so far in this year i.e. May 2010 & reported at USD 2685
PMT.
Kansai Nerolac says input costs hitting paint margins...

In an interview with CNBC-TV18, HM Bharuka, Kansai Nerolac said the company has grown 35% in
Q4. "We grew 24% overall in the year," he added. He attributed to the slippage in margins to an
increase in raw material costs. "Raw material prices have put pressure on margins and that is one of
the worries for us.” When asked to comment on the margin picture, he said overall for the year as a
whole the company should be able to maintain the 14% margin. "The cost increase is 7% and we
are passing on a part of that increase to some of our customers in May. Crude oil prices are rising
and we have to see if costs are going to go up.” The company has two lines of business - decorative
and industrial. In the case of decorative, Bharuka said, "We are passing on about 4% to our
customers," adding, "On industrials we are talking to our customers on issues and hope to get some
price increase there as well.” The paint industry grows at 1.5-2 times the GDP of the economy, he
said. He is confident that the economy, which is expected to grow at 7.5-8% over the next few
years, augurs well for the industry, which he expects will grow at 12-14%.

Akzo Nobel India plans to raise paint prices due to rising TiO2 costs...

Decorative paints maker Akzo Nobel India Ltd plans to raise prices by 2-3 percent by May-end on
increased input costs, a top official said on Friday. “There has been hardening of input prices,
particularly (of) titanium dioxide, which is the major input for paints," Amit Jain, Managing Director
told reporters. India’s no. 3 paints maker Akzo Nobel, formerly ICI India Ltd, had cut product prices
in July 2009, he said. “When recession was on, globally, vendors started cutting down the capacities
of titanium-dioxide," he added. “With revival (of global economies), the demand-supply gap had
widened leading to a price hike.” The decorative paints industry is expected to grow 12-16 percent
in FY11, he added. The company is in talks to acquire about 75 acres of land either in Tamil Nadu or
in Karnataka to set up a new plant for which the company plans to invest 1 billion rupees, he added.
The new plant would have an annual capacity of 50 million litres, he said, adding that the company's
present capacity from three units is 90 million litres per year.

TiO2 short supply may disrupt summer construction paint jobs...

A national contractors’ group has called attention to shortages of paint use to stripe roadways. The
Associate General Contractors of America has met with state and federal transportation officials to
address the shortages just as the summer highway construction season gets started. The problem
hasn’t hit Oregon highway projects yet, said Dave Thompson, spokesman for the Oregon
Department of Transportation. ODOT orders its striping paint in March for delivery through July,
Thompson said. “Therefore, we have some already on hand, but we will need more as the
construction season goes on,” Thompson said. “So we’ll be watching the issue closely.”AGC warned
in April that titanium dioxide, used as a paint whitener, was in short supply. This month, the
shortage also hit methyl methacrylate, a sticky substance used in highway paints, because of
chemical plant breakdowns. The shortages could lead to a jump in material prices for road projects,
wrote Ken Simonson, chief economist for AGC.

DuPont Titanium Technologies announces a price increase for TIO2 grades sold in Europe,
Middle East and Africa...

DuPont Titanium Technologies announces a price increase for all DuPont™ Ti-Pure® titanium dioxide
(TiO2) grades sold in Europe, Middle East, and Africa regions. Effective July 1, 2010, or as permitted
by contract, net prices in the Euro markets of Western and Central Europe and North Africa regions
will increase by 150 Euros per metric tonne. This is in addition to the previously announced June 1,
2010 increase. Effective July 1, 2010, or as permitted by contract, net prices in the U.S. dollar
markets of Eastern Europe, Middle East and Sub-Saharan Africa regions will increase by $150 per
metric tonne (USD). This is in addition to the previously announced June 1, 2010 increase. DuPont
Titanium Technologies is the world's largest manufacturer of titanium dioxide, serving customers
globally in the coatings, paper and plastics industries. The company operates plants at DeLisle,
Miss.; New Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan; all of
which use the chloride manufacturing process. The company also operates a mine in Starke, Fla.
Technical service centers are located in Paulinia, Brazil; Mexico City, Mexico; Mechelen, Belgium;
Dzerzhinskiy, Russia; Kuan Yin, Taiwan; Ulsan, Korea; Shanghai, China; and Wilmington, Del., to
serve the Latin American, European, Middle Eastern, Asian and North American markets.
Tio2 prices in Indian domestic market reflect marginal change...

Tio2 Prices in the Indian domestic market rules firm due to global hike in Tio2 prices. In Mumbai
Market prices for TTP is around Rs 99.85 - 100.90 per Kg plus excise and Vat as applicable, While
China origin is hovering around Rs 100.70 100.95 per Kg. R-902 grade is moving in the range of Rs
133.95 - 134.95 per Kg plus excise and Vat as applicable. In the Delhi market prices are quoted
around Rs 163.25 - 164.50 per Kg for DuPont which is inclusive of excide duty and VAT as
applicable, Rs 155.50 - 156.10 for TR -92, Rs 150.25 151.75 per Kg for RC -822, Rs 110.50 111.50
per Kg for TTK, Rs 96.85 - 97.95 per Kg for China origin. The mentioned prices are also inclusive of
ED and VAT as applicable. While in Chennai market also Tio2 prices are flat and are quoted around
Rs 162.00 - 163.75 per Kg for RC -902 and Rs 109.25- 110.50 per Kg for Anatase grade

Huntsman Corp. the world’s fourth-largest maker of whitening pigment will restart an
idled plant in Spain for raw materials used.

Huntsman Corp. the world’s fourth-largest maker of whitening pigment stated that it will restart an
idled plant in Spain to meet rising demand for raw materials used in paints and coatings. As much
as 10 percent of global titanium dioxide supply has been shut in the last three years after weak
demand eroded profit. Prices of today need to increase further. There will be some fundamental
tightness in the TiO2 market, as there should be given where the economics have been.

TOR Minerals International, Inc., producer of synthetic Tio2 and color pigments, specialty
aluminas, announce first quarter result

TOR Minerals International, Inc., producer of synthetic titanium dioxide and color pigments,
specialty aluminas, and other high performance mineral fillers, today announced its financial results
for the first quarter ended March 31, 2010. The Company reported net income available to common
shareholders of $569,000, or $0.26 per diluted share, on net sales of $6,856,000. This compares
with a net loss available to common shareholders of ($284,000), or ($0.15) per share, on net sales
of $5,703,000 for the quarter ended March 31, 2009.

Titanium dioxide-based products are recommended by both plastic surgeons and

dermatologists alike to combat the aging effect....

Minerals have been used for centuries as aids for skin health and beauty. In Ancient Egypt, minerals
were used not only for beauty, but to repel insects and protect the skin from the climate.
Inhabitants of Ancient Rome and Greece used minerals to make their complexion appear paler and
hide the effects of the sun.Each mineral have its own unique properties. These properties supply
benefits to both aesthetics as well as functionality. Mineral makeup is highly recommended for
people with acne-prone skin, allergies, rosacea and a variety of other dermatological issues. While
there has been some concern regarding allergies to certain mineral components used in these types
of cosmetics, the vast majority of these cases are due to other chemical inclusions and filler
ingredients. A few of the important minerals used in mineral cosmetics are mica and titanium oxide.
These minerals assist in creating the look of a flawless complexion. In addition, they also promote
clean and healthy skin. Many cosmetic products and sun blocks that are available can clog pores and
result in comedones and skin irritation. Mineral makeup forms a barrier between the skin and
damaging UV exposure without absorbing into the skin like many chemical-based beauty products.
This prevents breakouts and limits the absorption of potentially harmful chemicals into the skin.
Titanium dioxide provides natural protection from harmful UVA and UVB rays. Titanium dioxide-
based products are widely recommended by both plastic surgeons and dermatologists alike to
combat the aging effects of the sun’s rays. FDA approved its use in over-the-counter sunscreen
products, as it is considered non-carcinogenic due to its inability to permeate the healthy layers of
skin. Titanium dioxide’s natural sun blocking abilities offer a safer alternative to chemical- based sun
block for people with sensitive skin or allergies. In addition to its ability to help protect skin, titanium
dioxide is also a natural anti-inflammatory that can help soothe skin irritations. It has the greatest
covering and tinting power of any white pigment. This mineral is used in a wide variety of personal
care and beauty products as a white pigment or pacifier. It helps to reduce the transparency of
product formulas and also absorbs, reflects and scatters light, protecting the product from
deterioration.
 Petrosil Titanium Dioxide Directory PDF Edition

Special Introductory Discount Available to Titanium Dioxide Report Members

Petrosil has recently compiled a comprehensive directory database for the global Titanium Dioxide market. The Petrosil
Titanium Dioxide Directory currently includes more than 600 companies who are sellers, buyers, traders, end users,
logistics companies, consultants and other related entities that are part of the Titanium Dioxide value chain.

The Petrosil Titanium Dioxide Directory includes information such as the name of the company, contact person, phone
number, fax number and e-mail address. Company profiles and website url's are also available for many of the listings.
The directory is delivered electronically via e-mail in a reader and printer friendly PDF format. It is easy to browse,
navigate and quickly locate pertinent company information.

The Titanium Dioxide directory database is an ideal tool for any company that wishes to network with other industry
players and broaden the reach of business contacts. Sellers can easily locate Titanium Dioxide buyers and buyers can
identify reputable suppliers of Titanium Dioxide. It is also useful to other industry players who want to increase potential
business in areas of logistics, technology, new projects etc.

Advantages of the Petrosil Titanium Dioxide Directory

- Comprehensive Titanium Dioxide directory with over 600 companies

- Easy to navigate, browse and locate information
- Reader and printer friendly format delivered electronically in PDF
- Locate new business partners, increase industry contacts
- Titanium Dioxide buyers and sellers network with one another
- Cost-effective tool to promote Titanium Dioxide businesses and solutions
- Easy to store on hard copy for quick reference

For more information on pricing and to order the Titanium Dioxide directory, please write to
[email protected]

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we are not liable for any errors, inaccuracies or omissions. The majority of information is liable to
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based on the information provided in this report or on this web site.