As the craze of "Where has all the titanium dioxide gone" gradually subsided, the circulation of titanium dioxide in the market continued to increase in October. Under the influence of three rounds of price hikes in July, August and September, this year's gold, September and silver peak season demand was also overdrawn in advance, so the market situation has gradually turned around, and the market mentality has also changed again.
As downstream companies continued to stock up in the early stage, the demand for new orders in the titanium dioxide market has decreased significantly this month. The shipping pressure on some dealers and traders has increased, and the market quotations have also changed. However, as far as traders are concerned, the inventory in hand is basically pre-purchase. The cost price is superior to the titanium dioxide market price this month. Most companies are actively shipping. The shipping price has a price difference of 200-400 yuan/ton compared with the manufacturer's price this month, and the transaction price is a single discussion. As far as manufacturers are concerned, orders on hand are mostly placed until the end of this month, some manufacturers are placed until early November, and some companies 'export orders are still good. It is understood that the current inventory of titanium dioxide manufacturers is still at a low level, and even more orders are needed. Coupled with the pressure of high-cost prices, the quotations of titanium dioxide manufacturers have remained firm. Although the prices of individual manufacturers have adjusted slightly last week, the magnitude is not large. The prices of most titanium dioxide manufacturers have remained unchanged, and they are not willing to cut prices in the near future, so manufacturers are more willing to wait and see; As of press time, the tax-inclusive price of rutile titanium dioxide in China was 16,100 - 17,600 yuan/ton, and the tax-inclusive price of anatase titanium dioxide was 14,800 - 15,200 yuan/ton.
Affected by terminal demand this month, the prices of titanium dioxide and its raw materials titanium oxide and sulfuric acid have been adjusted. According to Tuduo data, the price of titanium oxide from small and medium-sized manufacturers in Panxi region of China was reduced by about 70 yuan/ton in October. Sulfuric acid market prices have not been adjusted much in most regions. Taking Panzhihua region as an example, the delivery price of sulfuric acid has been reduced by 120 yuan/ton; although raw material prices have been lowered, the overall cost of titanium dioxide manufacturers is still high.
With the end of the peak season, the titanium dioxide market will gradually enter the off-season in November. Market demand may decrease again, market shipments will still be under pressure, and as the market circulation is consumed, titanium dioxide prices will gradually become clear. However, poor terminal demand has become a fact. From November to December, market participants are mostly bearish on the market outlook, and titanium dioxide prices may be adjusted within a narrow range in the later period; In the past three months, the titanium dioxide market has remained at a high level, with an average monthly operating rate of 86%. However, due to the influence of the market, some titanium dioxide manufacturers will conduct annual inspections from November to December, and the maintenance time will last about 20 days. However, the market's production capacity in the early stage is released one after another, and the market will have more new production capacity and put into production. In the later period, the market supply may increase again, and the titanium dioxide market is playing a game between supply and demand.
The overall export data of titanium dioxide has maintained a steady increase this year. Although China has successively added new production capacity and put into production, titanium dioxide companies are also gradually expanding their export markets. Coupled with the high prices of titanium raw materials, China's introduction of real estate policies and the expectations of China's economy are good, and the titanium dioxide market will still be optimistic in the later period.
