Is there a turning point in the price of titanium dioxide? Is the market clear?

Is there a turning point in the price of titanium dioxide? Is the market clear?

As the craze for "where has titanium dioxide gone?" gradually subsided, the circulation of titanium dioxide increased in October. Under the influence of three rounds of price hikes in July, August, and September, the demand for this year's Gold Sep and Silver Oct peak seasons was also overdrawn in advance. As a result, the market situation gradually showed a turning point, and the market mentality also changed again.

Under the continuous stocking of downstream enterprises in the early stage, the demand for new orders in the titanium dioxide market has significantly decreased this month. Some dealers and traders have increased their shipping pressure, and market quotations have also changed. However, for traders, their inventory in hand is basically purchased in the early stage, and the cost price has an advantage compared to the titanium dioxide market price this month. Enterprises are more active in shipping, and the shipping price is 200 to 400 yuan/ton lower than the manufacturer's quotation this month, The transaction price is negotiated separately. For manufacturers, they have been scheduling orders until the end of this month, while some have been scheduling orders until early November, and some companies still have good export orders. It is learned that the inventory of titanium dioxide manufacturers is still low, and they even need to schedule more shipments. In addition, under high cost price pressure, the quotation of titanium dioxide manufacturers remains firm. Although some manufacturers slightly adjusted their prices last week, the magnitude is not significant, and most titanium dioxide manufacturers' prices remain unchanged, Moreover, the willingness to lower prices in the near future is not high, and manufacturers are more wait-and-see; As of the deadline for publication, the tax inclusive price of China's rutile titanium dioxide powder is between 16100 and 17600 yuan/ton, while the tax inclusive price of anatase titanium dioxide powder is between 14800 and 15200 yuan/ton.

This month, due to the impact of terminal demand, the prices of titanium dioxide powder and its raw materials titanium and sulfuric acid have been adjusted. According to data from Tuduoduo, in October, the prices of titanium ore from small and medium-sized manufacturers in the Panxi region in China were reduced by about 70 yuan/ton. The adjustment in the sulfuric acid market prices was not significant in most regions. Taking the Panzhihua region as an example, the delivery inclusive price of sulfuric acid was reduced by 120 yuan/ton; Although the raw material prices have been lowered, the overall cost of titanium dioxide manufacturers remains high.

With the end of the peak market season, the titanium dioxide market will gradually enter the off-season in November, and market demand may decrease again. There will still be pressure on market shipments, and with the consumption of market circulation sources, the price of titanium dioxide powder will gradually become clear. However, poor terminal demand has become a fact. Market participants in November and December are mostly bearish towards the future market, and there may be a narrow adjustment in the price of titanium dioxide in the later stage; In the past three months, the titanium dioxide powder market has maintained a high operating rate, with an average monthly operating rate of 86%. However, due to market influence, some titanium dioxide powder manufacturers will conduct annual inspections from November to December, with maintenance periods of about 20 days; However, the production capacity in the early stage of the market has been gradually released, and there will be new production capacity in the market. In the later stage, the market supply may show an increasing trend, and the supply and demand of titanium dioxide powder market is in a race.

This year, the overall export data of titanium dioxide has maintained a steady increase. Although there have been new production capacity and production in China, titanium dioxide enterprises are also gradually expanding their export market. In addition, the high prices of titanium raw materials are strong, and with the introduction of domestic real estate policies, the domestic economy is expected to improve. The expectation of titanium dioxide powder market will still be optimistic in the future.