SunSirs: The Domestic Titanium Dioxide Market Prices Had Fallen This Week (October 14-18)

https://www.chemnet.com   Oct 22,2024 SunSirs

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 had fallen this week. On Monday, the average price of titanium dioxide in the domestic market was 15,550 RMB/ton, and on Friday it was 15,316.67 RMB/ton, with a price reduction of 1.5%.

Analysis review

The domestic titanium dioxide market prices had fallen this week. As of October 18th, the demand for titanium dioxide in the domestic market was weak, downstream demand was not good, and the market was sluggish. There was more wait-and-see and they was cautious about actual orders. As of October 18th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 15,000-16,100 RMB/ton; The quotation for anatase titanium dioxide was around 14,000 RMB/ton. The actual transaction price was negotiable.

In terms of titanium concentrate, the price of titanium concentrate in the Panxi region had remained basically stable. At present, the spot market is tight, but the downstream purchasing atmosphere is average. As of October 18th, the price of 38-42 grade titanium ore without tax was around 1,550-1,600 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,215-2,180 RMB/ton, and the price of 47 grade 20 titanium concentrate was around 2,300-2,350 RMB/ton. In the short term, the stability of Panxi titanium concentrate prices is the main focus, and the specific transaction prices 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 declined this week, with weak downstream demand and light trading on the market. Traders should be cautious and wait, while holders should follow the market accordingly. 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.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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