SunSirs: The Domestic Titanium Dioxide Market Was Trending Downwards This Week (November 4-8)

https://www.chemnet.com   Nov 12,2024 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 domestic titanium dioxide market had been declining this week. At the beginning of the week, the average price of titanium dioxide in the domestic market was 15,316.67 RMB/ton, and the average price of titanium dioxide over the weekend was 15,166.67 RMB/ton, with a price reduction of 0.98%.

Analysis review

The domestic titanium dioxide market was trending downwards this week. Internationally, due to the impact of anti-dumping tariffs, some export orders had been temporarily suspended from shipment. The domestic market was temporarily in a low season, and the demand for titanium dioxide continued to be sluggish. Enterprises faced significant shipping pressure, with some experiencing a decline in new order prices of 100-200 RMB/ton to promote inventory reduction. Due to inspections by environmental protection groups, some companies had started to reduce or shut down production. As of November 8th, the domestic quotation for sulfuric acid based rutile 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 November 8th, the market was weak, the downstream purchasing atmosphere was average, and the market for titanium dioxide enterprises was sluggish. As of November 8th, the price of 38-42 grade titanium ore without tax was around 1,480-1,530 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,050-2,120 RMB/ton, and the price of 47 grade 20 titanium concentrate without tax was around 2,250-2,350 RMB/ton. In the short term, downstream markets were mostly observing, and the price of Panxi titanium concentrate continued to be weaker. 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 fallen this week, with light trading on the market, so it was advisable to be cautious and wait. Overall, downstream market demand was weak, and titanium dioxide companies faced significant shipping pressure. 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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