Do You Know That The Price Of Titanium Dioxide Is On Increasing?

- Sep 23, 2020-

On September 4, Guangxi Xilong Chemical Co., Ltd. issued a price adjustment letter and decided to increase the company’s titanium dioxide price by USD75/T from the same day; on September 7, Lomon Baililian Group Co., Ltd. took the lead in issuing a price adjustment letter, followed by Anhui A total of 15 companies including Anada Titanium Co., Ltd., China Nuclear Huayuan Titanium Dioxide Co., Ltd., and Jinpu Titanium Co., Ltd. sent letters to adjust prices, increasing the domestic and international prices of titanium dioxide products by USD75 to USD100 on the original basis. . This is the fifth time this year and the third time that the titanium dioxide industry has set off a price increase in the second half of the year.

The sharp increase in the price of titanium dioxide raw materials has caused the sales price and cost of some titanium dioxide manufacturers to invert, which is an important factor that promotes the price increase in the titanium dioxide market.

"Tight supply is another reason for the price increase of titanium dioxide companies. At present, mainstream manufacturers are still tight, and the products of specific brands of individual companies have been sold out; it is very common for agents and end customers to queue up for delivery, and some agents allocate stocks It’s tight.” Yang Xun, an industry analyst at Yantai Titanium, said that the current spot inventory situation of production companies is polarized: a few production companies have relatively normal spot inventory positions, and there are no obstacles to production and delivery; most production companies are in a hurry, and The market weight is higher.

Experts believe that the main reason for the tight supply in the spot market of titanium dioxide is that the export market has begun to pick up.

According to statistics from the General Administration of Customs, my country’s export volume of titanium dioxide in July this year was 97,500 tons, an increase of 26.17% from the previous month and a year-on-year increase of 10.07%; the cumulative total export volume of titanium dioxide from January to July was 660,600 tons, an increase of 15.84% year-on-year.

"Judging from the export data in July this year, foreign trade exports have basically recovered, but some special countries still have certain restrictions due to epidemics and other reasons, but from the perspective of the expansion of export target countries, it has basically made up for the export loss of some countries. Quantity. The priority of delivery of export orders for manufacturers is still relatively high, and the domestic spot tension may continue.” Experts said.

However, although the traditional peak season has begun in September, terminal demand has not yet reached the desired level. The downstream market is more rational about the fluctuations in the titanium dioxide market, and the lack of long-term goods is also a mainstream operation to return to reality.

Regarding the late market trend of titanium dioxide, experts believe that with the Dragon Enterprise sealing the order, the market's bullish hints are obvious. Although the demand is not enthusiastic, the rising market will stimulate the elastic demand of end customers. In the short term, the tight supply of the titanium dioxide spot market will continue, and the price will continue to rise even if it is not driven by a leading increase. At present, the conditions for the increase in all aspects are in place, and only the price of Longqi is confirmed. It is expected that the quality of the "Golden 9" peak season is not weak.