In Mid-May, the Domestic Titanium Dioxide Market Price Dropped

I. Price trend

Taking the sulfuric acid method rutile titanium dioxide, which has a large sales volume in the domestic market, as an example, according to the monitoring data of SunSirs, the domestic titanium dioxide market price dropped in mid-May. The average price of titanium dioxide on May 11 was 15,200 RMB/ton, and the average price of titanium dioxide on May 20 was 15,080 RMB/ton, a price drop of 0.79%.

II. Market analysis

In mid-May, the domestic titanium dioxide market price dropped. The upstream titanium concentrate market was weak, and the price of sulfuric acid fluctuated downward at a low level. The cost support was insufficient. The downstream market demand was weak, new orders were limited, and the demand side was weak. As of now, the domestic sulfuric acid method rutile titanium dioxide is mostly quoted between 14,000-15,600 RMB/ton; anatase is around 12,700-13,000 RMB/ton; the actual transaction price is negotiated on a case-by-case basis.

In terms of titanium concentrate, the price of titanium concentrate was weak this week. Downstream titanium dioxide demand is not good, new orders are sluggish, and raw material purchases are cautious. At present, most people are waiting and watching, miners are under great pressure to ship, and the overall market price is weak and stable.

Up to now, the transaction price of 46, 10 titanium ore of small and medium-sized manufacturers is 1870-2100 RMB/ton; the price of 47, 20 ore is 2200-2280 RMB/ton; the tax-free quotation of 38 titanium medium ore is around 1150-1120 RMB/ton. It is expected that the mainstream titanium ore in Panxi area will be weak and stable in the short term.

III. Forecast for the future

Titanium dioxide analysts of SunSirs believe that the domestic titanium dioxide market price will be reduced in mid-May. Downstream market demand has not improved much, the market is more cautious, transactions are light, and actual orders are cautious.

It is expected that the titanium dioxide market will be mainly wait-and-see in the short term, and the actual transaction price will be negotiated on a case-by-case basis.