Taking the sulfate-based rutile titanium dioxide, which has a large volume of goods in the domestic market, as an example, data monitoring shows that the market price of titanium dioxide is relatively stable this week.
Market analysis
The domestic titanium dioxide market is relatively stable this week. Overall, the situation of foreign trade orders is acceptable, and the domestic terminal market conditions are average. The price of raw materials is high, and titanium dioxide manufacturers are under greater pressure to deliver more early orders. This week, Shandong Lubei, Hunan Yutu Titanium Industry, and Panzhihua Titanium Sea Technology issued letters to increase the price of titanium dioxide. Boost market confidence to a certain extent. Overall, the focus is on maintaining stable operation.
In terms of titanium concentrate, the market price of titanium concentrate in Panxi area is temporarily stable this week. Up to now, the quoted price of 38-42 grade titanium medium ore without tax is around 1480-1500 RMB/ton, and the quoted price without tax of 46 grade 10 titanium concentrate is around 2150-2200 RMB/ton.
The price of 47 grade 20 titanium concentrate is around 2350-2480 RMB/ton. At present, the titanium ore spot is slightly tight, there is no pressure on corporate inventory, and the downstream procurement situation is acceptable. In the short term, the market price of titanium concentrate is mainly firm, and the actual transaction price is subject to negotiation one by one.
In terms of sulfuric acid, the domestic sulfuric acid market price is temporarily stable this week. Upstream sulfur prices have fallen slightly recently, and cost support has weakened. The downstream monoammonium phosphate market has been consolidating at a high level recently, and downstream customers are generally less enthusiastic about purchasing sulfuric acid.
Market outlook forecast
The market price of sulfuric acid is temporarily stable, the price of titanium concentrate in Panxi area is temporarily stable, and the cost support of titanium dioxide is acceptable. The demand in the downstream market is average, and industry players are more on the sidelines and cautious in purchasing. It is expected that the titanium dioxide market will be stable in the short term, and the actual transaction prices will be negotiated one by one.
Post time: Dec-26-2023