Price trend

Taking the sulfuric acid method rutile titanium dioxide with a large volume in the domestic market as an example, according to the data monitoring of SunSirs, the price of titanium dioxide was lowered this week. The average price of domestic titanium dioxide was 17,500 RMB/ton last Friday, and the average price this Friday was 16,350 RMB/ton, and the price reduction rate during the week was 6.57%.

Analysis review

This week, the domestic titanium dioxide market price was lowered. Trading in the domestic titanium dioxide market is relatively light, the market conditions were weak and downward, and the downstream wait-and-see mood was strong, taking orders was cautious and purchased on demand.

In terms of demand, orders for the four major materials in the downstream market rose, and the demand for downstream 3C consumer electronics rebounded slightly. Market procurement was for trade, and traders might be reluctant to sell at low prices. Therefore, under the dual support of supply and demand, the price of lithium carbonate rose significantly. The inventory pressure of titanium dioxide manufacturers was relatively large, and the ex-factory price was greatly reduced. As of the 9th, domestic rutile titanium dioxide was mostly quoted at 15,500-17,000 RMB/ton; anatase titanium dioxide as quoted at 14,500-15,500 RMB/ton.

In terms of titanium concentrate, the price of titanium concentrate in the Panxi region was slightly lowered this week. The overall transaction in the market was relatively small, and the downstream buyers were under great pressure. Most of them were wait-and-see, and the actual transaction situation was general. Small and medium-sized miners wewre under great pressure, most of them were supporting the high price, and the overall market was weak. As of the 9th, the price of 38-42 grade titanium ore without tax was about 1,420-1,450 RMB/ton, the price of 46 grade 10 titanium ore without tax was about 2,060-2,120 RMB/ton, and the price of 47 grade 20 ore was 2,300-2,400 RMB/ton or so. In the short term, there were few transactions in the titanium concentrate market, the overall market was weak, and the actual transaction price was negotiated one by one.

In terms of sulfuric acid, the domestic market price of sulfuric acid fell this week. The price of sulfuric acid fell from 244 RMB/ton at the end of last week to 238 RMB/ton this weekend, a decrease of 2.46%.The upstream sulfur market recently consolidated at a low level, and the cost support was general. The downstream hydrofluoric acid, titanium dioxide, and ammonium sulfate markets fell slightly, and downstream customers were generally less motivated to purchase sulfuric acid.

Market outlook

The titanium dioxide analyst of SunSirs believes that this week, the domestic titanium dioxide market price was lowered, the domestic market demand was weak and declined, and the atmosphere in the market was deserted. The raw material titanium concentrate market was weak, the price of sulfuric acid fell, and the cost support was weak. The downstream real estate industry performed poorly and the market demand was poor. It is expected that the titanium dioxide market will run weakly and steadily in the short term, and the actual transaction price will be negotiated one by one.

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