SunSirs: The Domestic Titanium Dioxide Market Was Temporarily Stable This Week (August 15-22)

https://www.chemnet.com   Aug 23,2024 SunSirs

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Taking the sulfuric acid method rutile titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by SunSirs, the average price of titanium dioxide in the domestic market this week was 15,816.67 RMB/ton, and the market was temporarily stable.

Analysis review??????????????????????

The domestic titanium dioxide market was temporarily stable this week. The price of titanium concentrate on the raw material remained stable at a high level, while the price of sulfuric acid increased slightly. The production cost pressure of titanium dioxide was still significant due to the influence of raw materials. This week, the manufacturer's quotation was mainly stable, while the trader's quotation was relatively flexible. The overall trading situation in the market was light, with limited new transactions. As of August 22nd, the domestic quotation for sulfuric acid method rutile type titanium dioxide was mostly between 15,400-16,300 RMB/ton; The quotation for anatase type titanium dioxide was around 14,200-15,000 RMB/ton. The actual transaction price was negotiable.

In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region was temporarily stable. As of August 22nd, the spot prices in the market were relatively stagnant, and the price of titanium ore was running at a high level. Downstream titanium dioxide enterprises were generally in the market, and they were more cautious about titanium concentrate, with a focus on urgent needs and cautious procurement. As of August 22nd, the price of 38-42 grade titanium ore without tax was around 1,620-1,650 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,280-2,300 RMB/ton, and the price of 47 grade 20 titanium concentrate without tax was around 2,400-2,500 RMB/ton. In the short term, the price of Panxi titanium concentrate continued to operate at a high level, and 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 was basically stable this week, and trading on the market was relatively flexible. This week, the price of titanium concentrate has been running at a high level, while the price of sulfuric acid has slightly increased, putting pressure on the cost of titanium dioxide. Downstream market demand was light, so it should be cautious and cautious in trading. It is expected that the market will remain stable in the short term, with actual transaction prices subject to negotiation.

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