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 week according to the data of the business club’s bulk list. At the end of last week, the average price of titanium dioxide in China was 13533.33 yuan / ton, while at the end of this week it was 13866.67 yuan / ton. The price rose by 2.46% during the week.

2、 Market analysis

Starting from the second week of September, leading companies have been promoted and other manufacturers have followed up. According to incomplete statistics, at present, 21 mainstream titanium dioxide manufacturers have issued price increase notices, including longmang Bailian, Anhui anada, Jiangsu Zhenti, Shandong daoen, Shandong Dongjia, CNKI titanium dioxide, haifengxin, Jinpu titanium industry, Yumen Jingyang, Panzhihua Hengtong, Guizhou shengweifu, Tianyuan Group, Yunnan Dahutong, Ningbo Xinfu, Luoyang Yuxing Chemical, Sinochem, etc Qianjiang Fangyuan, Guangdong Huiyun, Panzhihua Dongfang titanium industry, Panzhihua Zhengyuan technology, Jinan Yuxing, Kunming Donghao titanium industry. The notice announced that the domestic price of titanium dioxide products was increased by 500 yuan on the original basis, and the international price was increased by 80-100 US dollars on the original basis. This is the fifth time this year and the third time in the second half of this year that the titanium dioxide industry has set off a price rise.

According to the statistics of the General Administration of customs, in July this year, the export volume of titanium dioxide in China was 97500 tons, with a month on month increase of 26.17%, and a year-on-year increase of 10.07%; the total export volume of titanium dioxide from January to July was 660600 tons, with a year-on-year increase of 15.84%. 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.

Thanks to the good recovery of the export market, the export of enterprises increased in the third quarter, which was superimposed on the rise of titanium ore price at the cost side, the active stock preparation at the downstream demand side, and the transfer of inventory; the domestic demand market recovered, and the titanium dioxide market price rose steadily. At present, the domestic ex factory price of rutile titanium dioxide is 12000-14500 yuan / ton, and that of anatase titanium dioxide is 10500-11800 yuan / ton.

In terms of raw materials, this week Panzhihua titanium ore quotation slightly increased. At present, the tax free quotation of 38 titanium ore is 900-940 yuan / ton, that of 46 and 10 titanium ore is 1380-1420 yuan / ton, and that of 20 ore is 1430-1450 yuan / ton. This week, Panzhihua mine is still not high, the price of titanium concentrate is firm and upward, and the miners are reluctant to sell. The market is more bullish atmosphere, supply is tight, titanium concentrate prices continue to run high.

3、 Future forecast

According to the titanium dioxide analysts of the business club, the export of enterprises increased in the third quarter, the domestic downstream market gradually recovered, domestic demand increased, the overall inventory of manufacturers was low, and the import of titanium ore was hindered to some extent, the supply of raw material titanium ore was tight, and the price was high. It is expected that the titanium dioxide market price will gradually rise on the basis of stable market price in the short term. The actual transaction price is a single discussion.