SunSirs: Overall Demand Is Weaker and Titanium Dioxide Price Is Down in May

Price trend

According to data from SunSirs, the price of titanium dioxide has been reduced this month. At the beginning of the month, the domestic average price of titanium dioxide was 1,5433.33 RMB/ton, and the average price at the end of the month was 1,4166.67 RMB/ton. The price fell during the month by 8.21.

Analysis review   

Since May, affected by the epidemic situation abroad, foreign trade has been poorly sold, and domestic titanium dioxide companies have been under greater pressure to ship. Within this month, the price of titanium dioxide has been lowered, and the major producers' prices have fallen by around 500-1,000 RMB/ton, and the wait-and-see mood for terminal purchases is more serious. At present, the domestic ex-factory price of rutile titanium dioxide is 13,500-14,500 RMB/ton, the ex-factory price of anatase titanium dioxide is 11,500-13,000 RMB/ton, and the price of chlorination titanium dioxide is 16,500-20,000 RMB/ton. As far as the current international situation is concerned, the titanium dioxide market as a whole is weak.

Since the end of March, foreign trade exports have shrunk. Although some countries have eased, the actual export situation is still worrying. The domestic trading atmosphere is weak. The main reason is that the market has fallen, resulting in obvious wait-and-see sentiment in the terminal and the single purchase volume has been compressed. Affected by inventory and cost pressures, some companies have begun to cut production and stop production. At present, the demand for titanium dioxide is still weak, and it is mainly single and single.

In terms of upstream titanium concentrates, the Panxi titanium ore market was weak this month. Small and medium-sized mines' quotations declined slightly, terminal demand was sluggish, and miners generally faced greater shipping pressure. Up to now, the price of 38 titanium medium ore without tax is 760-800 RMB/ton, 46,10 titanium ore is 1,150-,1450 RMB/ton, and the price of 47,20 mine is about 1,500 RMB/ton. In the short term, the actual price of titanium ore concentrate will stabilize weakly.

Market outlook

The titanium dioxide analysts of the business community believe that: due to the global epidemic situation, the market demand for titanium dioxide is weak, the overall industry chain is under pressure, the export of foreign trade is slightly improving, and there is still a certain amount of pressure on corporate shipments. In the short term, the weak price is mainly sorted out, and the actual transaction price is a single negotiation.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.