Price trend

Taking 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 average price of titanium dioxide in the four countries last week was 16,133.33 RMB/ton, the average price this Thursday was 15,650 RMB/ton, and the price decline this week was 3%.

Analysis review

This week, the domestic titanium dioxide market fell. Overall, the performance of the international market was fair, while the trading situation in the domestic market was not good. Downstream demand was limited, and the overall trading situation was cautious, mainly on the sidelines. As of July 6, the cost pressure on enterprises was high, and some enterprises had parking and maintenance plans. After sorting out, inventory pressure still existed, and market prices had decreased. Up to July 6, most domestic Rutile titanium dioxide quotations were between 14,500-16,600 RMB/ton; The quotation for anatase titanium dioxide was around 13,000-13,500 RMB/ton.

In terms of titanium concentrate, the price of titanium concentrate in Panxi region temporarily stabilized this week. As of July 6th, the tax-free quotation for 38-42 grade titanium concentrate was around 1,350-1,450 RMB/ton, the tax-free quotation for 46 grade 10 titanium concentrate was around 2,000-2,150 RMB/ton, and the quotation for 47 grade 20 titanium concentrate was around 2,300-2,350 RMB/ton. As of July 6th, the inquiry situation in the titanium concentrate market was good, the transaction situation was average, and the quotation was relatively firm. Downstream titanium dioxide enterprises operated in a weak market with a light market, and were cautious in purchasing raw titanium ore. The titanium ore market was mainly wait-and-see, and actual transactions were relatively cautious. In the short term, the price of titanium concentrate is temporarily stable and mainly consolidated, and the actual transaction price is negotiated separately.

In terms of sulfuric acid, the domestic sulfuric acid market price was lowered this week. Last Thursday, the average price of sulfuric acid was 196 RMB/ton, while this Thursday's average price was 188 RMB/ton, with a price reduction of 4.08%. The upstream sulfur market had recently experienced a slight decline, with insufficient cost support. The downstream market for hydrofluoric acid and titanium dioxide had declined, and downstream customers' enthusiasm for purchasing sulfuric acid had weakened.

Market outlook

SunSirs’ Titanium Dioxide Analyst believes that the sulfuric acid market price decreased, and the price of titanium concentrate in the Panxi region temporarily stabilized. The cost support for titanium dioxide powder was average. As of July 6, the demand for titanium dioxide in the market was weak, and there was significant pressure on enterprises to ship. It is expected that the trend of titanium dioxide powder will be weaker in the short term, and the actual transaction price will be negotiated separately.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.