Price trend

Taking the sulfuric acid method rutile type titanium dioxide, which has a large volume of sales in the domestic market, as an example, according to data monitoring by SunSirs, the domestic titanium dioxide market had remained stable this week, with an average price of 15,783.33 RMB/ton.

Analysis review

This week, the domestic titanium dioxide market was temporarily stable and consolidating. Overall, the international export situation of titanium dioxide was still acceptable. The demand in the domestic terminal market was weak, with high prices in the raw material titanium ore market and continuous increases in sulfuric acid prices. Due to the impact of raw materials, there was significant pressure on the production cost of titanium dioxide, and limited room for price downward adjustment. Due to various reasons such as power grid maintenance, some enterprises still had maintenance plans this month, which to some extent alleviated the market pressure. As of July 8th, most domestic sulfuric acid based rutile titanium dioxide quotations were between 15,300 and 16,200 RMB/ton; The quotation for rutile titanium dioxide was around 14,500-15,000 RMB/ton. The actual transaction price was negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region was strong and upward. Affected by the supply of raw materials, mining enterprises in the Panxi region had insufficient production, resulting in a tight spot market and high prices of titanium ore. However, the downstream titanium dioxide enterprises had a weak market situation and poor market demand. The trading of titanium concentrate was mostly wait-and-see, and market procurement was cautious. As of July 8th, the tax-free quotation for 38-42 grade titanium ore was around 1,570-1,580 RMB/ton, the tax-free quotation for 46 grade 10 titanium concentrate was around 2,200-2,250 RMB/ton, and the quotation for 47 grade 20 titanium concentrate was around 2,500-2,630 RMB/ton. In the short term, the price of Panxi titanium concentrate continued to operate at a high level, and the specific actual transaction price will be negotiated separately.

Market outlook

The titanium dioxide analyst from SunSirs believes that as of July 8th, the price of titanium concentrate in Panxi region was strong and upward, while the price of sulfuric acid was upward, with good support from raw materials. The cost of titanium dioxide was under pressure, and some prices were approaching the cost. The overall downward space for the titanium dioxide market was limited. It is expected that the situation of purchasing goods will improve in the short term, and the actual transaction price will be negotiated separately.

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