SunSirs: The Domestic Titanium Dioxide Market Was Basically Stable This Week (April 17-20)

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 the monitoring data of SunSirs, the market price of titanium dioxide was basically stable this week. The average price of domestic titanium dioxide was 16,950 RMB/ton.

Analysis review

The domestic titanium dioxide market was basically stable this week. Overall, the international market performed well, while the domestic market had a mediocre trading situation. Traders were more cautious in picking up goods and were more wait-and-see. Downstream purchases were more on demand, new orders and transactions were limited. Recently, titanium dioxide factories had sent price increase letters frequently, and the price was stable with price increase, and the enterprise quotation was firm. As of the 20th, most domestic rutile titanium dioxide quotations were between 16,000-17,500 RMB/ton; The quotation of anatase titanium dioxide was about 14,500-15,000 RMB/ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region temporarily stabilized this week. As of the 20th, the spot supply in the market was still a little tight, and downstream titanium dioxide enterprises mainly purchased on demand in the market. Most manufacturers delivered preliminary orders. As of the 20th, the tax-free quotation for grade 38-42 titanium ore was around 1,550-1,600 RMB/ton, the tax-free quotation for grade 46-10 titanium concentrate was around 2,260-2,300 RMB/ton, and the quotation for grade 47-20 titanium concentrate was around 2,350-2,400 RMB/ton. In the short term, the market price of titanium concentrate is stable for the time being, and the actual transaction price is discussed separately.

In terms of sulfuric acid, the domestic market price of sulfuric acid was reduced. The price of sulfuric acid was lowered from 265 RMB/ton on Monday to 251.67 RMB/ton on Thursday, with a price reduction of 5.03%. From the perspective of the upstream and downstream industry chains, the upstream sulfur market recently experienced a slight decline, with insufficient cost support. The downstream markets of hydrofluoric acid and titanium dioxide were consolidated at a high level. The downstream customers were commonly motivated to purchase sulfuric acid. Under the contradiction between supply and demand, the product trend was declining.

Market outlook

Analysts of titanium dioxide from SunSirs believe that the price of sulfuric acid market was lowered, the price of titanium concentrate in Panxi was temporarily stable, and the cost support of titanium dioxide was general. As of the 20th, the domestic titanium dioxide market had a light trading situation, with general market demand. It is expected that titanium dioxide will operate stably temporarily in the short term, and the actual transaction price will be discussed separately.

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