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SunSirs: The Domestic Titanium Dioxide Market Was Basically Stable This Week (September 16-22)
September 23 2022 13:50:28SunSirs(John)

Price trend

Taking the sulfuric acid method rutile titanium dioxide in the domestic market as an example, according to the monitoring data of SunSirs, the price of titanium dioxide was basically stable this week, and the average domestic price of titanium dioxide was 16,350 RMB/ton.

Analysis review

The domestic titanium dioxide market price was basically stable this week. Trading in the domestic titanium dioxide market was relatively light, and the downstream just purchased on demand and purchased it as needed. Traders were more cautious in buying goods, and mainly wait-and-see more, and prices remained stable. As of the 22nd, domestic rutile titanium dioxide was mostly quoted at 15,500-17,000 RMB/ton; anatase titanium dioxide was quoted at 14,500-15,500 RMB/ton.

In terms of titanium concentrate, the overall market was light, and the downstream titanium dioxide market was not good. Buyers were cautious and wait-and-see. Small and medium-sized miners were under great pressure, and the overall market was weak and stable. This week, the price of titanium concentrate in Panxi area decreased slightly. As of the 22nd, the price of 38-42 grade titanium ore without tax was around 1,420-1,450 RMB/ton, the price of 46 grade 10 titanium ore excluding tax was around 2,040-2,100 RMB/ton, and the price of 47 grade 20 ore was 2,300-2,400 RMB/ton or so. In the short term, there are few transactions in the titanium concentrate market, the overall market is weak, and the actual transaction price is negotiated one by one.

In terms of sulfuric acid, the domestic market price of sulfuric acid remained stable this week, with the average price of sulfuric acid at 228 RMB/ton. The upstream sulfur market recently consolidated at a low level, and the cost support was general. The downstream hydrofluoric acid and ammonium sulfate market fell slightly, and downstream customers were generally less motivated to purchase sulfuric acid.

Market outlook

The titanium dioxide analyst of SunSirs believes that the domestic titanium dioxide market price was basically stable this week. Trading in the domestic titanium dioxide market was deserted, and the atmosphere in the market was weak. The raw material titanium concentrate market was weak, and the market price of sulfuric acid remained stable. The downstream demand was lower than expected. It is expected that the titanium dioxide market will mainly operate weakly and steadily in the short term, and the actual transaction price will be negotiated one by one.

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