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 toodudu, the domestic titanium dioxide market price fell this week. The average price of titanium dioxide on Monday was 17,266.67 RMB/ton, and on Friday it was 17,133.33 RMB/ton, with a price reduction of 0.77%.

Analysis review

The domestic titanium dioxide market prices had fallen this week. The overall trading situation on the domestic exchange was average, with limited new orders and a downward focus on trading on the exchange. Downstream wait-and-see sentiment was strong, demand was weakening, and procurement was cautious. The export market had performed well. As of April 19th, domestic prices for rutile type titanium dioxide were mostly between 16,700 and 18,300 RMB/ton; The quotation for rutile titanium dioxide was around 15,500 RMB/ton. The actual transaction price was negotiable.

In terms of titanium concentrate, the focus of the titanium concentrate market in Panxi region had slightly declined this week. There was a strong wait-and-see sentiment in the market, and there was significant cost pressure in the downstream titanium dioxide market. Purchasing was cautious, and the prices of high priced goods on the market had slightly adjusted downwards. As of April 19th, the tax-free quotation for grade 38-42 titanium ore was around 1,600-1,650 RMB/ton, the tax-free quotation for grade 46-10 titanium concentrate was around 2,300 RMB/ton, and the tax-free quotation for grade 47-20 titanium concentrate was around 2,350-2,480 RMB/ton. In the short term, the market price of titanium concentrate is temporarily stable, and the actual transaction price is negotiable.

In terms of sulfuric acid, the domestic sulfuric acid market prices had remained stagnant this week. According to data monitoring from toodudu, the average price of sulfuric acid this week was 328.75 RMB/ton. The market price of sulfuric acid had been stable recently, and the actual transaction price was mainly negotiated.

Market outlook

toodudu’ Titanium Dioxide Analyst believes that as of April 19th, the price of titanium concentrate in Panxi region had slightly decreased, sulfuric acid prices were temporarily stable, titanium dioxide costs were under pressure, and downstream market demand was weak. It is expected that in the short term, the market situation for titanium dioxide will be mostly wait-and-see, with weak and stable operation as the main focus, and the actual transaction price will be negotiable.

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