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 price remained stable last week, with an average price of 14,220 RMB/ton.

Analysis review

The domestic titanium dioxide market price remained stable last week. As of June 13th, the price of titanium dioxide in the market was relatively chaotic, and coupled with entering the off-season, it is difficult to find favorable support from the demand side. Influenced by the mentality of buying up rather than buying down, downstream factories were more cautious in purchasing goods. The price of upstream titanium concentrate slightly decreased, while the price of sulfuric acid was high. Due to inventory and cost pressures, on-site enterprises experienced a further decline in production, and the overall market had a strong wait-and-see atmosphere. As of June 13th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 13,500-14,600 RMB/ton;the quotation for anatase titanium dioxide was around 12,300-12,800 RMB/ton; The actual transaction price was negotiable.

In terms of titanium concentrate, the price of titanium concentrate slightly decreased last week. As of June 13th, downstream demand for titanium dioxide was poor, with light new orders and cautious procurement of raw materials. The main focus was on observing and observing, with mining companies facing significant shipping pressure and overall market prices remaining weak and stable. As of June 13th, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers was between 1,780-1,900 RMB/ton; The price of 47,20 ore ranged from 1,950 to 2,150 RMB/ton; The price of 38 titanium ore excluding tax was around 1,180-1,250 RMB/ton. It is expected that the titanium ore market price will continue to operate weakly and steadily in the short term.

Market outlook

The titanium dioxide analyst from SunSirs believes that the domestic titanium dioxide market price was temporarily stable last week. Downstream market demand was weak, market transactions were light, actual order negotiations were the main focus, and transactions were cautious. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.

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