Price trend

Taking the sulfuric acid method rutile titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by SunSirs, the domestic titanium dioxide market first rose and then fell in April, and overall prices rose. On April 1st, the average price of titanium dioxide was 15,340 RMB/ton, and on April 30th, the average price of titanium dioxide was 15,480 RMB/ton, with a price increase of 0.91%.

Analysis review

In April, the domestic titanium dioxide market first rose and then fell, with overall prices rising. In early April, the market continued the price trend of March, with stable prices and a slight increase. In the middle of the month, the raw material market was consolidating at a high level, putting pressure on factories. However, downstream demand was average, and inventory pressure on enterprises was high. Market prices were relatively chaotic, with prices fluctuating. Some manufacturers offered flexible quotations in late April; Among them, Longqi had maintained stable prices this month and there were temporarily no new policies. As of April 30th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 14,800-16,200 RMB/ton; the quotation for anatase titanium dioxide was around 13,000-13,400 RMB/ton; The actual transaction price was negotiable.

In terms of titanium concentrate, the price of raw material titanium concentrate decreased in April. As of April 30th, downstream titanium dioxide enterprises were under significant cost pressure, lacked confidence in the market, and had weakened their procurement of titanium ore, with a focus on essential purchases. Due to the impact of raw material costs and other factors, the production pressure of the beneficiation plant was relatively high, and some beneficiation plants stopped production for maintenance, resulting in a decrease in market operating rates. As of April 30th, the price of 38-42 grade titanium ore excluding tax was around 1,450-1,480 RMB/ton, the price of 46 grade 10 titanium concentrate excluding tax was around 1,900-2,030 RMB/ton, and the price of 47 grade 20 titanium concentrate excluding tax was around 2,200-2,280 RMB/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will mainly operate weakly.

Market outlook

The titanium dioxide analyst from SunSirs believes that the domestic titanium dioxide market first rose and then fell this month. Downstream factories had a strong mentality of price suppression, with light market trading and average new order transactions. Enterprise inventory was under pressure, competition was intense, market prices were chaotic, and market transactionswere flexible. It is expected that the price of titanium dioxide will be weaker in the short term, and the actual transaction price will be negotiated one by one.

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