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 has slightly increased this week. At the beginning of the week, the average price of titanium dioxide was 15,340 RMB/ton, and on Thursday, the average price of titanium dioxide was 15,420 RMB/ton, with a price increase of 0.52%.
Analysis review
The domestic titanium dioxide market price has slightly increased this week. Although the market price of titanium concentrate has slightly decreased, the price of sulfuric acid remained strong, and overall, the production pressure of titanium dioxide enterprises was still relatively high. The market's new price execution was firm, and there was a wait-and-see sentiment in the market. As of April 3rd, 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 titanium concentrate has slightly decreased this week. As of April 3rd, the downstream demand for titanium dioxide was not good, and there may be insufficient production in the downstream market. The on-site inquiries were relatively average, and we were mainly observing and waiting. As of April 3rd, small and medium-sized manufacturers have quoted prices of 2,060-2,100 RMB/ton for 46,10 titanium ore, 2,200-2,280 RMB/ton for 47,20 titanium ore, and 1,450-1,480 RMB/ton for 38 titanium ore excluding tax; It is expected that the mainstream titanium mines in the Panxi region will operate weakly and steadily in the short term.
Market outlook
SunSirs' titanium dioxide analyst believes that the domestic titanium dioxide market has slightly increased this week. At the end of March, titanium dioxide manufacturers sent consecutive price increase letters, which had a certain stabilizing and positive effect on the market in early April. However, downstream enterprises showed a strong wait-and-see attitude and remained cautious in actual orders. It is expected that the titanium dioxide market will remain stagnant in the short term, with prices remaining firm and actual transaction prices being negotiated on a case by case basis.
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