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 average price of titanium dioxide in the domestic market was 15,750 RMB/ton on Monday and 15,700 RMB/ton on Friday, with a price reduction of 0.32%.

Analysis review

The domestic titanium dioxide market had experienced a slight decline this week. The price of titanium concentrate on raw materials remained weak and stable, while the price of sulfuric acid had declined. As of September 20th, there was a strong wait-and-see sentiment in the domestic titanium dioxide market, with light terminal demand and cautious actual orders. As of September 20th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 15,000-16,300 RMB/ton; The quotation for titanium dioxide was around 14,200-14,500 RMB/ton. The actual transaction price was negotiable.

In terms of titanium concentrate, the titanium concentrate market in the Panxi region was operating weakly and steadily. As of September 20th, the spot market was generally cold. Downstream titanium dioxide enterprises had a weak market and weak market conditions, with few inquiries for titanium ore, maintaining demand. As of September 20th, the price of 38-42 grade titanium ore without tax was around 1,570-1,620 RMB/ton, 46 grade 10 titanium concentrate without tax is around 22,10-2,300 RMB/ton, and 47 grade 20 titanium concentrate was around 2,400-2,500 RMB/ton. In the short term, the price of Panxi titanium concentrate is mainly stable, and the specific transaction price will be discussed on a case by case basis.

Market outlook

SunSirs' titanium dioxide analyst believes that the domestic titanium dioxide market had slightly declined this week, with average trading on the market. The downstream market demand was poor, so we should mainly observe and wait. It is expected that the market will operate weakly and steadily in the short term, and the actual transaction price will be negotiated one by one.

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