1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process, which has a large volume in the domestic market, as an example, the price of titanium dioxide rose this month according to the data of the business club’s bulk list. At the beginning of the month, the average price of titanium dioxide in China was 14333.33 yuan / ton, and the average price at the end of the month was 15533.33 yuan / ton. The price rose by 6.98% within the month.

2、 Market analysis

Gold rose, silver ten even more. Some manufacturers such as CNKI titanium dioxide and Jinpu titanium industry announced two price increases within one month, and the price increase was only 18 days from the last one. Shandong dao’en, Yumen Jingyang, Fangyuan titanium dioxide, Guangxi Jinmao, Ningbo Xinfu, Yunnan Dayong, Panzhihua titanium capital, Panzhihua titanium sea, Guizhou shengweifu, Panzhihua Zhengyuan technology, Jinan Yuxing, CNKI titanium dioxide, Jinpu titanium industry, etc. announced that the domestic price of titanium dioxide products was increased by 800-1200 yuan on the original basis, and the international price was increased by 150-180 US dollars on the original basis. This is the first time that the titanium dioxide industry has raised two price rises in a month. The price increase is the fifth time since the second half of the year. Up to now, the domestic ex factory price of rutile titanium dioxide is 14500-16000 yuan / ton, and that of anatase titanium dioxide is 12500-13500 yuan / ton.

According to the statistics of the General Administration of customs, in September 2020, the export volume of titanium dioxide will be about 111835 tons, with a year-on-year increase of 33.45%. From January to September 2020, the cumulative export volume will be about 889624 tons, an increase of 164869 tons compared with the same period last year, with a year-on-year increase of 22.75%. The main reasons for the change in export volume are: poor domestic demand in the first quarter, manufacturers’ trading focus tends to export, and the outbreak of overseas epidemic in the second quarter, leading to the reduction of exports. In the third quarter, the export volume has been greatly improved compared with the previous period. At present, the export situation in the fourth quarter continues to be good, but the prices of raw materials are also rising.

In terms of raw materials, Panxi titanium concentrate prices continued to rise this week. The market price of imported titanium ore also rose, supporting panzhili to a certain extent. At present, the price of 38,42 titanium ore without tax is 1250-1280 yuan / ton. The price of 46,10 titanium ore excluding tax is about 1900 yuan / ton. The price of 47 and 20 ore is about 1890 yuan / ton. Recently, titanium dioxide enterprises are under great pressure due to the continuous increase of titanium ore price, which provides a strong support for titanium dioxide price.

3、 Future forecast

Titanium dioxide business agency analysts believe: this month, the export of enterprises continued to be good, domestic downstream market spot tension, raw material titanium ore supply shortage, price rise. Titanium dioxide prices continue to rise, in view of the short interval between the two price hikes this month, downstream orders also feel pressure. After this round of adjustment, it is expected that the titanium dioxide market will be stable in the short term.