Price trend
Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by SunSirs, the average price of titanium dioxide in the domestic market this week was 15,816.67 RMB/ton, and the market was temporarily stable.
Analysis review
The domestic titanium dioxide market was temporarily stable this week. The price of titanium concentrate on the raw material remained stable at a high level, while the price of sulfuric acid remained stable for the time being. The manufacturer's quotation was mainly stable, while the trader's quotation was relatively flexible. The market had a strong wait-and-see attitude, and the trading situation was light. As of August 28th, the domestic quotation for sulfuric acid based rutile type titanium dioxide was mostly between 15,400-16,300 RMB/ton; The quotation for anatase type titanium dioxide was around 14,200-15,000 RMB/ton. The actual transaction price was negotiable.
In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region was temporarily stable. As of August 28th, the spot prices in the market were relatively stagnant, and the price of titanium ore was running at a high level. Downstream titanium dioxide enterpriseswere generally in the market, and they were more cautious about titanium concentrate, with a focus on urgent needs and cautious procurement. As of August 28th, the price of 38-42 grade titanium ore without tax was around 1,620-1,650 RMB/ton, the price of 46 grade 10 titanium concentrate without tax was around 2,280-2,300 RMB/ton, and the price of 47 grade 20 titanium concentrate without tax was around 2,350-2,500 RMB/ton. In the short term, the price of Panxi titanium concentrate continued to operate at a high level, and the specific transaction price will be discussed on a case by case basis.
Market outlook
The titanium dioxide analyst from SunSirs believes that the domestic titanium dioxide market was basically stable this week, and trading on the market was relatively flexible. The downstream market demand was generally average, and mainly wait-and-see. It is expected that the market will remain stable in the short term, with actual transaction prices subject to negotiation.
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