"Golden Sep." Enjoys a Stronger Expectation, and the Price of Titanium Dioxide Rise Steadily

"Golden Sep." Enjoys a Stronger Expectation, and the Price of Titanium Dioxide Rise Steadily

Foreword: The titanium dioxide market has been rising for two consecutive months, and the traditional peak season of "Golden Sep. and Silver Oct." in the market this year may come as scheduled, and the bullish sentiment in the titanium dioxide market is strong. The main reason for the continuous letter announcement of the price increase is the high price of raw material, which has boosted the rise in the price of titanium dioxide. The raw material price is as follow:

Titanium: This month, the supply of titanium market continued to be tight, the middling supply was tight, the price of titanium concentrate was on the upward trend, coupled with the low inventory of small and medium-sized miners and stable market inquiry, the price of domestic titanium ore market rise steadily. The price of titanium concentrate rose about 100 yuan/ton compared with the beginning of the month, and the price of middling rose about 80 yuan/ton compared with the beginning of the month. As of press time, the transaction price of 46,10 titanium excluding tax in Panxi area was 2200-2230 yuan/ton, the price of 38,42 titanium middling excluding tax is 1580-1600 yuan/ton.

Sulfuric acid: This month, affected by equipment shutdown maintenance of many manufacturers, market supply contracted. The demand of titanium dioxide industry is stable because of the demand recovery of downstream phosphate fertilizer and compound fertilizer. Manufacturers mainly digest inventory, and supply tension of sulfuric acid market intensified. Market prices began to rise, according to Tuduoduo’s incomplete statistics, and market price of 98% smelting acid enjoy an increase of about 100 yuan/ton compared with the beginning of the month. .The average price trend of 98% sulfuric acid market in China from 2021 to 2023

This week, the titanium dioxide market will meet the tide of price increases, and the price increase is believed to have the following points: 1. The inventory of titanium dioxide manufacturers continued to be tight this month, and the company had many orders in hand, and the price of new orders of some enterprises in the market continued to rise; 2. The price of raw material titanium has risen at a high level, the price of sulfuric acid has rebounded, and the cost of titanium dioxide enterprises has increased; 3. The arrival of the traditional peak season of Golden Sep., leading enterprises take the lead in announcing the rise, more than ten companies in the market follow the price adjustment, and there are also enterprises in the market that do not quote for the time being, and the supply of goods is tight, and there will be more enterprises in the later market to follow the price adjustment; 4. Titanium dioxide exports remained stable, and the export orders of some enterprises increased in August; Up to now, the ex-factory tax included price of China's rutile titanium dioxide is 15,500-16,300 yuan/ton, the ex-factory tax included price of anatase titanium dioxide is 13,500-14,000 yuan/ton, and the price of titanium dioxide has risen by about 700 yuan/ton compared with the beginning of the month, and the price has risen by about 1,500 yuan/ton compared with the low point of the market price this year. The supply of titanium dioxide market remains tight, and the production cost is high, and the market is expected to rise again in the near future, and the transaction price is negotiable.

This year, the overall demand of the terminal market is weak, the production of downstream market is still insufficient. The domestic demand market is not enough to follow up, and the external demand market runs well, and the titanium dioxide market will maintain good operation in the short term. In the long run, there is still some pressure on the rise in titanium dioxide prices in the second half of the year.