July 10th News
I. Price Trends
Taking titanium dioxide rutile grade produced via the sulfuric acid process—whose sales volume is relatively high in the Chinese market—as an example, data monitoring shows that titanium dioxide prices in China have declined this week. At the beginning of the week, the average price was 16,460 CNY per ton, while by the end of the week, the average price had dropped to 16,240 CNY per ton, representing a price decrease of 1.34%.
2. Market Analysis
This week, the market price of titanium dioxide in China has decreased. The market price of upstream titanium concentrate has slightly decreased, and the downstream market demand is weak, with low purchasing enthusiasm, mainly observing the market, and the market sentiment is poor. So far, the quotations for sulfuric acid method rutile titanium dioxide in China are mostly between 14,600 to 18,000 CNY per ton; anatase type is around 13,600 to 14,200 CNY per ton, with actual transaction prices negotiated on a case-by-case basis.
III. Future Market Forecast
Titanium dioxide analysts believe: This week, the titanium dioxide market prices in China have decreased. Currently, inventories are high, and the market conditions are sluggish, with weak downstream demand. It is expected that in the short term, the titanium dioxide market will remain weak, with actual transaction prices negotiated on a case-by-case basis.
