In mid May, the domestic titanium dioxide market prices were lowered

1、 Price trend
Taking the sulfuric acid method gold red stone titanium dioxide, which has a large volume of goods in the domestic market, as an example, according to data monitoring by Business Society, the price of titanium dioxide in the domestic market decreased in mid May. On May 11th, the average price of titanium dioxide was 15200 yuan/ton, and on May 20th, the average price of titanium dioxide was 15080 yuan/ton, with a price reduction of 0.79%.
2、 Market analysis
In mid May, the domestic titanium dioxide market prices were lowered. The upstream titanium concentrate market is operating weakly, and sulfuric acid prices are fluctuating downwards at a low level. Insufficient cost support. Downstream market demand is weak, with limited new orders and weak demand. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15600 yuan/ton; Sharp titanium type costs around 12700-13000 yuan/ton; The actual transaction price is negotiable.
In terms of titanium concentrate, the price of titanium concentrate has been weak this week. Downstream demand for titanium dioxide is poor, with light new orders and cautious procurement of raw materials. The main focus is on observing and observing, with mining companies facing significant shipping pressure and overall market prices remaining weak and stable. As of now, the transaction price of 46,10 titanium ore for small and medium-sized manufacturers is between 1870-2100 yuan/ton; The price of 47,20 ore ranges from 2200-2280 yuan/ton; The price of 38 titanium ore excluding tax is around 1150-1120 yuan/ton. It is expected that the mainstream titanium mines in the Panxi region will operate weakly and steadily in the short term.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market price will decrease in mid May. The downstream market still hasn’t shown much improvement, with a strong wait-and-see sentiment in the market, light trading volume, and cautious actual orders. It is expected that in the short term, the market situation of titanium dioxide will be mainly wait-and-see, and the actual transaction price will be subject to negotiation.