SunSirs: In Early May, the Domestic Titanium Dioxide Market Prices Were Lowered

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 price of titanium dioxide in the domestic market decreased in early May. On May 1st, the average price of titanium dioxide was 15,480 RMB/ton, and on May 9th, the average price of titanium dioxide was 15,200 RMB/ton, with a price reduction of 1.81%.

Analysis review

In early May, the domestic titanium dioxide market prices were lowered. The upstream titanium concentrate market price decreased, and the sulfuric acid price was fluctuating at a low level. Downstream market demand was poor, new orders were limited, and the demand side was weak and difficult to change, mostly waited and saw the market. As of May 9th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 14,000-16,200 RMB/ton; the quotation for anatase titanium dioxide was around 12,700-13,000 RMB/ton; The actual transaction price was negotiable.

In terms of titanium concentrate, the price of titanium concentrate was weak last week. As of May 9th, the downstream demand for titanium dioxide was not good, with light new order transactions. Downstream customers were mainly observing and waiting, and miners were under great pressure to ship. The overall market price was still weak. As of May 9th, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers was between 1,870-2,100 RMB/ton; The price of 47,20 ore ranged from 2,200-2,280 RMB/ton; The price of 38 titanium ore excluding tax was around 1,200-1,280 RMB/ton. It is expected that the mainstream titanium ore in the Panxi region will be weaker in the short term.

Market outlook

SunSirs' titanium dioxide analyst believes that the domestic titanium dioxide market price decreased in early May. Downstream enterprises had a strong wait-and-see attitude, with light market transactions and cautious actual orders. 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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