SunSirs: The Domestic Titanium Dioxide Market Was Temporarily Stable and Consolidated in January

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 remained stable in January, with an average price of 14,900 RMB/ton.

Analysis review

The domestic titanium dioxide market remained stable and organized in January. The domestic terminal market had a sluggish trading situation. The downstream market demand was generally average. The price of raw material titanium concentrate has risen, and the price of sulfuric acid was high. The production cost pressure of titanium dioxide enterprises was still relatively high, and the market quotation was relatively firm. As the Spring Festival holiday approaching, some companies were conducting routine maintenance, and the supply of certain models was tight. Manufacturers mainly shipped orders on hand, while downstream companies and distributors purchased according to demand, resulting in a strong wait-and-see attitude in the market. On the 21st, Longqi led a letter to raise the price of titanium dioxide, and the specific market performance needed further observation. As of January 22nd, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 14,000-15,700 RMB/ton; The quotation for anatase titanium dioxide was around 13,000-13,200 RMB/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the price of raw material titanium concentrate increased in December. The supply of raw ore in the Panxi region has significantly decreased, and the cost pressure on beneficiation plants was high. Processing plants have been shut down one after another, and the overall inventory in the field was not high, resulting in tight supply and a strong upward trend in titanium ore prices. However, downstream costs were under significant pressure, and actual orders were often cautiously observed, with a focus on essential procurement. As of January 22nd, the price of 38-42 grade titanium ore without tax was around 1,420-1,450 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 1,980-2,080 RMB/ton, and the price of 47 grade 20 titanium concentrate without tax was around 2,000-2,200 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

The titanium dioxide analyst from SunSirs believes that this month, titanium dioxide companies have gradually implemented their annual inspection plans, resulting in a decrease in titanium dioxide supply and low inventory in the market. Longqi led a letter to raise the price of titanium dioxide, boosting confidence in the titanium dioxide market. It is expected that the trend of titanium dioxide will be stronger in the short term, depending on downstream market demand. The actual transaction price is negotiable.

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