Industry News
The titanium dioxide market has entered a stage of oversupply, and the terminal market is weak
1. The market price of titanium dioxide in the first quarter was affected by inventory digestion, increased export orders, and rising costs. From January to February, the price of titanium dioxide remained stable and slightly increased; In late March, due to the rapid increase in prices and resistance from downstream companies, some companies made concessions at the end of March;
2. In the second quarter, the price of titanium dioxide weakened and declined, leading to sluggish domestic demand and a decline in prices; Since April, the price of titanium dioxide has been continuously declining. As of the end of June, the market price has dropped by about 1300 yuan/ton, and some prices have already incurred losses. Some enterprises have reduced production since May, and the price has stopped falling by the end of June;
3. In the third quarter, the titanium dioxide market experienced a rebound in demand and rising costs. From July to September, the price of titanium dioxide continued to rise, and the market experienced three consecutive rounds of price hikes; Under the high supply and prices, there was pressure on companies to ship in late October, and some companies adjusted their prices;
As of November, the titanium dioxide market has been weak and downward. Overall, the international foreign trade order situation is average, while the domestic terminal market is weak. As of now, domestic prices for rutile type titanium dioxide are mostly between 15800 and 16800 yuan/ton; The quotation for rutile titanium dioxide is around 14000-15000 yuan/ton. The actual transaction price is negotiable.
Under the high-speed increase in supply, although terminal demand may increase, the titanium dioxide market will enter a stage of oversupply compared to the weak growth rate of titanium dioxide supply. In 2024, titanium dioxide enterprises will still face significant pressure.
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