1、 Price trend

Take sulfuric acid rutile titanium dioxide, which has a large volume in the domestic market, as an example. According to the data of the business club’s large list, the price of titanium dioxide rose this week. At the end of last week, the average price of titanium dioxide in China was 16000 yuan / ton, while that of this week was 16666.67 yuan / ton. The price rose by 4.17% during the week.

2、 Market analysis

This week, titanium dioxide price high operation, new single price high. Up to now, the domestic ex factory price of rutile titanium dioxide is 16300-17000 yuan / ton, and that of anatase titanium dioxide is 13500-14500 yuan / ton. At present, the export orders of enterprises have increased, and the foreign trade export market has maintained a good growth. The domestic spot is very tense, and the price is high.

In October 2020, China’s titanium dioxide output was 322900 tons, an increase of 20700 tons compared with September, a month on month increase of 6.85%, and a year-on-year increase of 17.57%. From January to October, the total output of titanium dioxide was about 2.8392 million tons, an increase of 9.57% over the previous year, an increase of 248000 tons.

According to customs data, in October 2020, China’s titanium dioxide export was about 110200 tons, a year-on-year increase of 38.84%, and a month on month decrease of 1.43%. From January to October, the cumulative export was about 1.005 million tons, with a year-on-year increase of 21.88%. In October 2020, China’s titanium dioxide import was about 16600 tons, a year-on-year decrease of 8.88%, and a month on month increase of 13.90%. From January to October, the total import was about 139800 tons, with a year-on-year increase of 3.08%.

In terms of raw materials, the price of titanium concentrate in Panxi area is stable this week, and some prices are slightly loose. Downstream buyers are under great pressure and mainly wait-and-see, and the actual transaction situation is general. Up to now, the price of 46,10 titanium ore is 1890-2100 yuan / ton for small and medium-sized manufacturers, 2050 yuan / ton for 47,20 ore and 1320-1350 yuan / ton for 38,42 ore without tax. Downstream cost pressure is high, procurement is more cautious, titanium concentrate shipping pressure. In the short term, the price of titanium concentrate is stable. It is a single opinion.

According to customs data, China imported 285900 tons of titanium ore in October, up 5.73% year-on-year and 41.02% month on month. From January to October, the total import was about 2.4608 million tons, with a year-on-year increase of 18.76%. In October, China exported 567 tons of titanium ore, down 77.64% year-on-year and 75.79% month on month. From January to October, the total export volume was about 19048 tons, a year-on-year decrease of 3.67%.

3、 Future forecast

Business Club titanium dioxide analysts believe: the current raw material titanium ore price is high, titanium dioxide cost support is strong. In terms of demand, the export of titanium dioxide kept a good growth, and the overall inventory of manufacturers was low. Domestic spot is relatively tight, the price is high. It is expected that the spot market of titanium dioxide will continue to strengthen in the short term, and the actual transaction price will be discussed.