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 is stable this week, with an average price of 13533.33 yuan / ton.
| PVA 1788 (PVA BP17) |
2、 Market analysis
In the half of August, the titanium dioxide market ushered in the second price rise tide. At present, more than 10 manufacturers such as Guangxi Jinmao, Anhui anada, tihai technology and Zhenti chemical industry have successively announced the rise. In terms of demand, due to the recovery of foreign demand and the unsealing of some countries, the export of the market grew steadily, and the overall inventory of manufacturers was low. Up to now, the domestic ex factory price of rutile titanium dioxide with tax is 12000-14500 yuan / ton, that of anatase titanium dioxide is 10500-11800 yuan / ton, and that of chlorination titanium dioxide is 15500-20000 yuan / ton. Domestic terminal demand is general, downstream manufacturers and traders have a strong wait-and-see mood, mainly purchasing on demand.
According to customs data, the total export volume of titanium dioxide from January to June 2020 is 563100 tons, which is 81400 tons higher than 481700 tons in 2019, with a year-on-year increase of 16.9%. 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.
At present, with the control of the epidemic situation in various countries, the downstream demand will gradually recover, the trading situation will be improved compared with the previous period, and overseas orders will gradually flow back. Driven by the demand, the price of titanium dioxide will stop falling and rebound.
| PVA 1799 (PVA BF17) |
In terms of raw materials, this week Panxi area titanium concentrate price high operation, titanium ore supply is more tense, some mining enterprises suspended external quotation. Up to now, the tax free quotation of 38 grade titanium ore is 900-940 yuan / ton, 46 grade 10 titanium concentrate is 1380-1450 yuan / ton, and 47 grade 20 titanium concentrate is 1400 yuan / ton. At present, the operating rate of Panxi area is low, some titanium dioxide producers have great production pressure, the titanium ore price market is relatively rigid, and the price state is stable.
3、 Future forecast
Titanium dioxide analysts believe that: at present, the price of raw material titanium dioxide is at a standstill, and the cost pressure of titanium dioxide is large. The export of titanium dioxide increased steadily, and the inventory of manufacturers was low as a whole. But domestic titanium powder terminal demand is general, downstream customers are more wait-and-see, mainly purchase on demand. It is expected that the market price of titanium dioxide will rise steadily in the short term, and the actual transaction price will be discussed.
| PVA |