SunSirs: The Domestic Titanium Dioxide Market Maintained Stable This Week (June 2-9)

Price trend

Take the rutile titanium dioxide produced by sulfuric acid process with a large volume of goods in the domestic market as an example. According to the data monitoring of SunSirs, the market price of titanium dioxide was basically stable this week. The average price of domestic titanium dioxide was 16,133.33 RMB/ton.

Analysis review

This week, the domestic titanium dioxide market remained basically stable. Overall, the performance of the international market was fair, while the trading situation in the domestic market was light and there were relatively few market transactions. The domestic market was in the off-season, with poor market demand. Actual transactions were cautious, and downstream customers were more wait-and-see and purchased according to demand. As of June 9, there was significant cost pressure on enterprises, with price stability being the main focus. As of June 9, most domestic Rutile titanium dioxide quotations were between 15,500-17,200 RMB/ton; the quotation for anatase titanium dioxide was around 13,500-14,000 RMB/ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region was lowered this week. As of 9th, the transaction situation in the titanium concentrate market was average, and there was significant pressure on shipment. The market for downstream titanium dioxide enterprises was light, and procurement was mostly wait-and-see, with caution as the main focus, and procurement was based on demand. As of June 9th, the tax-free quotation for grade 38-42 titanium ore was around 1,450 to 1,550 RMB/ton, the tax-free quotation for grade 46/10 titanium concentrate was around 2,000 to 2,150 RMB/ton, and the quotation for grade 47/20 titanium concentrate was around 2,300 to 2,350 RMB/ton. In the short term, the market price of titanium concentrate is weak and stable, and the actual transaction price is negotiable.

In terms of sulfuric acid, the domestic sulfuric acid market price remained basically stable this week. According to data monitoring from SunSirs, the quotation for sulfuric acid this week was 182 RMB/ton. The upstream sulfur market had recently stabilized at a low level, with average cost support. The downstream market for hydrofluoric acid and titanium dioxide was weak, and downstream customers' enthusiasm for purchasing sulfuric acid had weakened.

Market outlook

SunSirs titanium dioxide analysts believe that the sulfuric acid market price was temporarily stable, and the price of titanium concentrate in the Panxi region had decreased, resulting in weak cost support for titanium dioxide. In addition, the current performance of the terminal real estate market is poor, and downstream demand for titanium dioxide is weak. The domestic titanium dioxide market has poor trading conditions, with weak supply and demand. It is expected that the trend of titanium dioxide will be weak in the short term, and the actual transaction price will be negotiated.

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