SunSirs: The Focus of the Domestic Titanium Dioxide Market Was Downward This Week (November 18-22)
November 25 2024 15:54:45 SunSirs (John)
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 domestic titanium dioxide market trend had been downward this week. At the beginning of the week, the average price of domestic titanium dioxide market was 15,166.67 RMB/ton, and the average price of titanium dioxide over the weekend was 15,060.00 RMB/ton, with a price reduction of 0.7%.
Analysis review
The domestic titanium dioxide market was trending downwards this week. Internationally, due to the impact of anti-dumping tax rates, most enterprises' foreign trade orders have declined. The domestic market was temporarily in a low season, and downstream enterprises had a sluggish demand for titanium dioxide, so they chose to purchase at a lower price according to their needs. As of November 22, the domestic quotation for sulfuric acid based pyrite type titanium dioxide was mostly between 14,500-15,900 RMB/ton The quotation for anatase titanium dioxide was around 13,200-13,500 RMB/ton. The actual transaction price was negotiable.
In terms of titanium concentrate, the price of titanium concentrate in the Panxi region was running weakly. As of November22, the market was weak, and the downstream titanium dioxide market was in the off-season with relatively low demand, resulting in an average purchasing atmosphere downstream. As of November22, the price of 38-42 grade titanium ore without tax was around 1,400-1,450 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,030-2,080 RMB/ton, and the price of 47 grade 20 titanium concentrate was around 2,200-2,350 RMB/ton. In the short term, downstream markets were more cautious and cautious, with the price of Panxi titanium concentrate continuing to be weak. The specific transaction price will be discussed on a case by case basis.
Market outlook
The titanium dioxide analyst from SunSirs believes that the domestic titanium dioxide market had shifted downwards this week, with light trading on the market and downstream purchases at lower prices according to demand, resulting in overall weak market demand. 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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