Titanium dioxide has gone up again!
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After the 9th consecutive increase, the cumulative increase of Sichuan Longxuan reached 4,200 yuan/ton, a year-on-year increase of over 30%. When we are still considering when to end the price increase, the titanium dioxide market has emerged positively, and the cost side and the market side have different degrees of good news.
First of all, the raw material titanium concentrate price remained stable, and the domestic titanium ore market merchants’ offer price increased by RMB 10/t during the week, which was a 2.23% increase from the previous week. At present, the prices of 46 grade 10 titanium concentrate in Panxi area are between 850-900 yuan/ton (excluding tax), 47 grade titanium concentrate prices are between 870-940 yuan/ton (excluding tax), and 45% titanium in Yunnan area. Concentrate does not include tax mainstream offer 550-570 yuan / ton. The cost of titanium dioxide is firm, and producers have also followed suit to raise prices.
The supply and demand side is mainly affected by the G20 summit and environmental supervision. The “G20 Summit†will be held in Hangzhou from September 4th to 5th. According to the requirements of the “G20 Summit Environmental Protection Work Program of Zhejiang Province,†the strict radius of 300 kilometers will be implemented in Hangzhou. Control and control, specific downtime from August 26 to September 6. Affected by this, during the period from August 24 to September 6, large logistics trucks will be prohibited from entering Zhejiang Province, and Hangzhou will be shut down as a whole. It is reported that manufacturers have begun to arrange delivery in advance. The environmental supervision has been started since mid-July, and the titanium dioxide industry has stopped production and limited production has been reported. The actual situation also shows that the operating rate has indeed been at a low level.
As a whole, the market conditions are stable, and the manufacturers' shipments are stable. The market's stock supply is generally tight. Due to the decline of environmental protection factors, manufacturers' inventory is tight, so the shipping pressure is not great. In addition, the export market is stable and the export volume has increased compared to the same period of last year. The downstream market continues to be weak, market demand still plagued the market; in the future, with the gradual release of favorable conditions, the market will gradually stabilize.
