SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Titanium Dioxide News > News Detail
Titanium Dioxide News
SunSirs: Repeatedly Hit New Highs, Titanium Dioxide Continued to Rise in May
May 28 2021 14:16:21SunSirs(John)

Price trend

Take the rutile type titanium dioxide that has a large volume in the domestic market as an example. According to data from SunSirs’ bulk list, the price of titanium dioxide rose this month. The average price of domestic titanium dioxide at the beginning of the month was 20,266.67 RMB/ton, and the average price at the end of the month was 21,566.67 RMB/ton. The price increased by 6.41% within the month.

Analysis review

The domestic market price of titanium dioxide continued to rise this month. More than 20 manufacturers including Huiyun Titanium Industry, Ananda, Haifengxin, and Lomon Baili announced the increase. The domestic trade price rose by 1,000 RMB/ton, and the export price rose by 150 US dollars/ton. Venato announced on the 12th that starting from July 1, 2021, the Asia-Pacific region will increase by 200 US dollars/ton. Connors announced on April 30 that the price of titanium dioxide in Asia will be increased by 250 euros/ton, 220 pounds/ton, and 300 US dollars/ton, which will be implemented from July 1. As of the 27th, the ex-factory price of domestic rutile titanium dioxide including tax was 21,000-19,000 RMB/ton; the ex-factory price of anatase titanium dioxide including tax was between 18,300-19,200 RMB/ton; the ex-factory price including tax of chlorinated process titanium dioxide was in 22,500-24,000 RMB/ton.

According to customs data, in April 2021, China’s titanium dioxide exports were about 107,200 tons, a year-on-year increase of 21.63%, and a month-on-month decrease of 15.52%; cumulative exports from January to April were about 435,100 tons, a year-on-year increase of 5.78%, or increased by 23,800 tons.

In April 2021, China imported about 18,700 tons of titanium dioxide, a year-on-year increase of 52.05%, and a month-on-month increase of 15.64%; cumulative imports from January to April were about 65,300 tons, a year-on-year increase of 31.46%, or increased by about 15.57 million tons.

In terms of raw materials, the price of titanium ore continued to rise this month. The start of titanium mines in some areas is still at a low level, manufacturers have many orders in the early stage, and the market spot supply is tight. As of the 27th, the price of 46,10 titanium ore from small and medium-sized manufacturers was 2,400-2,450 RMB/ton; the price of 47,20 ore was around 2,500 RMB/ton, and the price of 38,42 ore excluding tax was 1,630-1,670 RMB/ton. In the short term, most miners are willing to rise. The spot titanium concentrate continues to be tight, and some miners are reluctant to sell, and the miners have no intention to ship at low prices.

According to customs data, China imported 367,200 tons of titanium ore in April 2021, an increase of 58.98% year-on-year, and a decrease of 7.27% from the previous month; the cumulative imports from January to April were about 1,394,200 tons, a year-on-year increase of 37.46%, or increased by about 379,900 tons.

In April 2021, China exported 4375.5 tons of titanium ore, a year-on-year increase of 256.89% and a month-on-month increase of 81.26%; cumulative exports from January to April were about 1.43 tons, a year-on-year increase of 9.92%.

Market outlook

The Titanium Dioxide Analyst of SunSirs believes that: At present, the supply of titanium concentrate in the upstream continues to be tight and the price is high. The demand for titanium dioxide in the foreign market is stable, and replenishment is on demand. The overall inventory of the titanium dioxide market is low, but the domestic downstream has a little resistance to high-priced orders, and most of the transaction prices are in a single negotiation. In the short term, the supply side is strong, the demand side is in conflict, and the price of titanium dioxide remains firm in the game between supply and demand.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products