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 decreased last week. Last Friday, the average price of titanium dioxide was 14,220 RMB/ton, and this Friday the market price was 14,160 RMB/ton. The price had been reduced by 0.42%.

Analysis review

Last week, the domestic titanium dioxide market was weaker and downgraded. The international market exports were still weak, the domestic market had entered the off-season, overall demand was weak, and positive support was difficult to find. Downstream factories were more cautious in purchasing goods. The upstream titanium concentrate market was declining, sulfuric acid prices were rising, and due to inventory and cost pressures, on-site enterprises were operating at a low pace, resulting in a strong wait-and-see atmosphere in the overall market. As of June 20th, 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 remained weakly stable last week. As of June 20th, 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 20th, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers was between 1,750-1,800 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 1,120-1,250 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 weakened and lowered 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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