The titanium dioxide market is experiencing another wave of price increases (8.21-8.25)

1、 Price trend

 

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Taking the sulfuric acid method rutile type titanium dioxide, which has a large sales volume in the domestic market, as an example, according to data monitoring by Business News, the domestic titanium dioxide market price has increased this week. On August 21st, the average price of domestic titanium dioxide powder was 16116.67 yuan/ton. On August 25th, the average price was 16616.67 yuan/ton, with a price increase of 3.1% this week.

 

2、 Market analysis

 

The domestic titanium dioxide market price has increased this week. On August 24th, Longqi took the lead in promoting price increases, and other manufacturers followed suit one after another. According to incomplete statistics, currently 13 mainstream titanium dioxide manufacturers have issued price increase notices. Overall, the price increase of domestic titanium dioxide this time is mostly between 700 to 800 yuan/ton, while the increase in foreign trade sales price is mostly around 100 US dollars/ton.

 

At present, the international foreign trade order situation is good, the domestic terminal market is improving, and the downstream demand for titanium dioxide is increasing. The market trading sentiment is active. The inventory of titanium dioxide on the market is low, and manufacturers have a large number of orders in hand. The focus of the new order transaction price has shifted upwards. Up to now, most domestic quotations for rutile titanium dioxide are between 15800-17900 yuan/ton; The quotation for anatase titanium dioxide is around 13500-14000 yuan/ton.

 

In terms of titanium concentrate, the price of titanium concentrate in Panxi region has increased this week. At present, the operating situation of the titanium ore market is average and still not high. There is not much inventory on site, and the spot market for titanium concentrate is slightly tight. The market quotation is firm and operating. Downstream titanium dioxide enterprises have active trading activities, but under cost pressure, they still prioritize on demand and purchase with caution. As of now, the tax-free quotation for grade 38 42 titanium ore is around 1580-1600 yuan/ton, the tax-free quotation for grade 46 10 titanium concentrate is around 2210-2250 yuan/ton, and the quotation for grade 47 20 titanium concentrate is around 2300-2460 yuan/ton. In the short term, the market price of titanium concentrate is mainly stable and the actual transaction price is negotiable.

 

In terms of sulfuric acid, the domestic sulfuric acid market price has temporarily stabilized this week. According to data monitoring from Business Society, the average price of sulfuric acid this week was 266 yuan/ton. The upstream sulfur market has recently seen a significant increase, with good cost support. The downstream market for hydrofluoric acid and titanium dioxide has risen, and downstream customers have increased their enthusiasm for purchasing sulfuric acid.

 

3、 Future Market Forecast

 

Business Society Titanium Dioxide Analyst believes that this week’s high consolidation of sulfuric acid market prices has led to a slight increase in titanium concentrate prices in the Panxi region, and the cost support for titanium dioxide powder is good. The downstream market is active in trading, and the demand for titanium dioxide in the market has increased. In addition, there is a tight inventory on the market, and it is expected that the trend of titanium dioxide will be stronger in the short term. The actual transaction price will be negotiated separately.

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