SunSirs: The Market Continued to Be Weak and the Price of Titanium Dioxide Was Lowered This Week（June 15-18）

Price trend

According to the monitoring of SunSirs, the price of titanium dioxide has been reduced this week. At the beginning of the week, the domestic average price of titanium dioxide was 14,166.67 RMB/ton, and the average price at the weekend was 13,866.67 RMB/ton. During the week, prices fell by 2.12%.

Analysis review

Beginning in June, the titanium dioxide price market showed no signs of improvement, foreign trade remained weak, domestic titanium dioxide companies were under greater sales pressure, and the market continued to weaken. This week, the price of titanium dioxide has been lowered, and some manufacturers have lowered their prices in varying degrees. At present, the domestic ex-factory price of rutile titanium dioxide is 12,000-14,500 RMB/ton, and the ex-factory price of anatase titanium dioxide is 10,300- 11,800 RMB/ton, the price of chlorinated titanium dioxide is 15,500-20,000 RMB/ton. As far as the current international situation is concerned, the wait-and-see sentiment of terminal procurement is more serious, and the titanium dioxide market as a whole is weak.

In terms of raw materials, the prices of titanium concentrates in Panxi region were weak and stable this week. At present, 38-grade titanium ore is tax-free quoted at 760-800 RMB/ton, small and medium-sized miners are at 46 grade, 10 titanium ore is tax-free quoted at 1,150-1,220 RMB/ton. Pangang's 46 grade, 10 titanium ore is priced at 1,350 RMB/ton, 47 grade, 20 titanium ore is 1,350 RMB/ton. Small and medium-sized factories have higher cost pressures and firm quotations; the downstream titanium dioxide prices continue to be low, the sales pressure is greater, and the construction is insufficient; The price of titanium ore market is difficult to rise, and will continue to maintain stable operation.

Market outlook

At present, the titanium dioxide market is entering the off-season, and the demand-side foreign trade is still weak, the domestic demand is obvious, and the market is more pessimistic. In the short term, there is no more room for price decline, but market competition is under pressure, and market prices will continue to operate at a low level. The actual transaction price will be negotiated.

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