August 7 news
I. Price Trends
Taking the sulfate process rutile titanium dioxide, which has a large volume of transactions in the Chinese market, as an example, according to data monitoring, the price of titanium dioxide in China decreased this week. The average price of titanium dioxide was 15,460 CNY/ton on Monday and 14,780 CNY/ton by the weekend, a decrease of 4.4%.
2. Market Analysis
This week, the price of titanium dioxide in China has decreased. The prices of upstream raw materials, sulfuric acid and titanium concentrate, have both declined. The downstream market is in the off-season, with low demand and low purchasing enthusiasm, leading to a downward trend in the titanium dioxide market. So far, the quotations for sulfate process rutile titanium dioxide in China are mostly between 14,300-16,000 CNY per ton; anatase type is around 12,800-13,200 CNY per ton, with actual transaction prices negotiated on a case-by-case basis.
3. Future Market Forecast
Titanium dioxide analysts believe: This week, the focus of China's titanium dioxide market has shifted downward. Currently, the demand in the terminal market has not shown significant improvement, and the market conditions are sluggish. 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.
