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SunSirs: The Domestic Titanium Dioxide Market Was Stable This Week (August 17-21)

August 24 2020 14:43:37     SunSirs (John)

Price trend

Taking the sulfuric acid rutile titanium dioxide that has a large volume in the domestic market as an example, according to the data from SunSirs’ bulk list, the price of titanium dioxide was stable this week, with an average price of 13,533.33 RMB/ton.

Analysis review

The price of titanium dioxide was stable this week. At present, the domestic ex-factory price of rutile titanium dioxide is 12,000-14,500 RMB/ton with tax, and the ex-factory price of anatase titanium dioxide is 10,00-11,800 RMB/ton. Domestic terminal demand is general, and downstream manufacturers and traders have a strong wait-and-see sentiment, mainly purchasing on demand. Affected by the recent weather, the output of leading domestic companies has been affected, the company's inventory is tight, downstream demand is gradually picking up, foreign trade exports are still further recovering, and sales are basically normal.

In terms of raw materials, the quotation of Panzhihua titanium ore was basically stable this week, and the price of titanium ore was firm. At present, the price of 38 titanium ore excluding tax is 900-940 RMB/ton, the price of 46/10 titanium ore excluding tax is 1,380-1,420 RMB/ton, and the price of 20 ore is 1,400 RMB/ton. This week, Panzhihua Titanium Mine's start-up is still not high, and the titanium concentrate spot trading market is relatively stable. Small and medium-sized manufacturers are under greater cost pressure, and downstream titanium dioxide production pressure is greater, and the market is stalemate. In the short term, the operating rate of miners is generally insufficient, and market prices continue to maintain stable operation, and actual transactions follow a single agreement.

Market outlook

The Titanium Dioxide Analyst of SunSirs believes that the price of titanium dioxide is currently in a stalemate, and the cost of titanium dioxide is under greater pressure. The export of titanium dioxide is basically normal, and the inventories of manufacturers are generally low. However, the domestic terminal demand for titanium powder is general, and downstream customers are more wait-and-see, mainly purchasing on demand. It is expected that the spot market of titanium dioxide may continue to be strong in the short term, and the actual transaction price will be subject to the spot situation.

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