The titanium dioxide market is expected to rise again in the second half of the year
2023/9/4
On the same day, Anhui Anada Titanium Industry Co., Ltd., Guangxi Shunfeng Titanium Industry Co., Ltd., Shandong Daoen Titanium Industry Co., Ltd., CNNC Huayuan Titanium Dioxide Co., Ltd., and Jinpu Titanium Industry Co., Ltd. also announced that they will increase the sales price of titanium dioxide by 700-1000 yuan. At this point, a new round of price increase in the titanium dioxide industry has begun, which is also the second large-scale promotion of the titanium dioxide market in the second half of this year.
On August 25th, there were also Yumen Jingyang Titanium Dioxide Manufacturing Co., Ltd., Shandong Lubei Supply Chain Management Co., Ltd., Ningbo Xinfu Titanium Dioxide Co., Ltd., Ningbo Xinfu Chemical Sales Co., Ltd., Kunming Donghao Titanium Industry Co., Ltd., Yibin Tianyuan Products Group Co., Ltd., China Nonferrous Metals Group (Guangxi) Pinggui UFO Co., Ltd Eight production enterprises, including Panzhihua Tihai Technology Co., Ltd., announced an increase of 700-800 yuan in the price of titanium dioxide products. As of the afternoon of August 25th, more than 15 titanium dioxide companies have sent letters to promote price increases, and there will be more companies following up to promote price increases. At present, the mainstream quotations for domestic sulfuric acid based rutile and anatase titanium dioxide powders range from 16500 to 17800 yuan and from 14500 to 15500 yuan.
Qi Yu, a titanium analyst at Tuduoduo Data Management Department, believes that four factors are driving the rise of titanium dioxide in this round. Firstly, in August, the inventory of titanium dioxide manufacturers continued to be tight, and companies had a large number of orders in hand, resulting in continuous price increases for new orders in the market; Secondly, the price of titanium dioxide production raw material titanium ore has risen to a high level, leading to an upward trend in the sulfuric acid market and an increase in the cost of titanium dioxide; The third is that the "Golden Nine" is about to come, and under the leadership of Longqi, many companies have raised prices; Fourthly, some titanium dioxide enterprises saw an increase in export orders in August.
When it comes to the future market of titanium dioxide, Yang Xun, an analyst in the titanium industry, analyzed that this wave of price increases has made sufficient preparations for the peak season of "nine gold and ten silver". The positive start to the peak season in September has become a foregone conclusion. Based on the current supply situation of titanium dioxide, the tight supply situation may not be alleviated, and the price increase situation may continue.
Qi Yu believes that the overall demand for titanium dioxide in the terminal market is weak this year, with low operating rates in downstream industries such as coatings, insufficient follow-up in the domestic demand market, and good maintenance in the external demand market. In the short term, the titanium dioxide market will maintain a good operating trend.
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