Cancellations concern for container shipping

• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 547, 2013
• Idioma: inglés
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• Resumen

  • Looking at this global market, James Fisher, president and CEO of IBMA Inc., US, and co-chair at this year's TiO 2 World Summit said: "It may be too early to give a clear assessment of pigment consumption for 2013 for three key reasons. Firstly, European economies are clearly stuck in recession and will remain there for the year. Secondly, the US economy is lurching ahead without a clear sign of what to expect in the second half of 2013. "[While] some experts believe the US will grow strongly - I (personally) don't think it will. And thirdly, China is growing again - but how fast and what will the growth look like as China changes its investment priorities?" Commenting on the volatile TiO 2 price Wu Zhonghui, Managing Director, CCM, a brand of Kcomber Inc., China, and speaker at the TiO 2 World Summit, said: "First of all, we should point out that it is not the falling price of titanium ore that leads to the decreasing of the price of TiO 2, but the demand [for] the TiO 2 itself. [We believe] both the output and price of TiO 2 in 2012 worldwide have decreased quite a bit compared to 2011 and the weak demand due to the gloomy economics is considered to be the main reason." In response to demand growth, China's production of iron ore has risen sharply since the turn of the century. In fact, domestic iron ore output has grown at a faster pace than the nation's demand, to the extent that local production seems to cover demand. In 2006 Chinese domestic production reached 574m tonnes, against a demand that stood at 617m tonnes. By 2012, while demand had grown to over 1bn tpa, production soared to 1.3bn tonnes.