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 price of titanium dioxide in the domestic market increased in March. On March 1st, the average price of titanium dioxide was 15,240 RMB/ton, and on March 28th, the average price of titanium dioxide was 15,340 RMB/ton, with a price increase of 0.66%. 

Analysis review

The domestic titanium dioxide market price rose in March. The titanium dioxide market remained stable in early month. In the middle of the month, the price of raw material sulfuric acid rose, and titanium concentrate consolidated at a high level, putting pressure on factories. The market price of titanium dioxide powder was approaching high-end prices. In late month, titanium dioxide companies sent a letter to raise prices, marking the third increase this year. However, downstream demand fell short of expectations and the acceptance of a new round of price increases was low. As of March 28th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 15,000-16,200 RMB/ton; the quotation for anatase titanium dioxide was around 13,200-13,400 RMB/ton; The actual transaction price was negotiable.

In terms of titanium concentrate, the price of raw material titanium concentrate first rose and then fell in March. As of March 28th, downstream titanium dioxide enterprises face significant cost pressure and severe price suppression, resulting in reduced procurement of titanium ore and a focus on essential purchases. Traders had the possibility to sell at low prices, while large factories had low inventory and stable inquiries, resulting in prices remaining firm. As of March 28th, the price of 38-42 grade titanium ore without tax was around 1,450-1,480 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,130-2,150 RMB/ton, and the price of 47 grade 20 titanium concentrate without tax was around 2,200-2,280 RMB/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will be mainly stronger.

Market outlook

SunSirs' titanium dioxide analyst believes that the domestic titanium dioxide market prices have risen this month. The cost of raw materials was under pressure, and at the end of the month, the company sent another letter to raise the price of titanium dioxide. Overall, the titanium dioxide market was relatively stagnant, and it is expected that the price of titanium dioxide will remain strong in the short term. The actual transaction price is subject to negotiation.

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