October 16th, news
I. Price Trends
Taking titanium dioxide produced via the sulfuric acid process—whose sales volume is particularly strong in the Chinese market—as an example, data monitoring shows that prices for titanium dioxide in China rose this week. On Monday, the average price was 14,220 CNY per ton, and by the weekend, it had increased to 14,260 CNY per ton, a rise of 0.28%.
2. Market Analysis
This week, the price of titanium dioxide in China has increased. The upstream titanium ore market is generally stable, with firm quotations from miners. Today, Japan launched an anti-dumping investigation on titanium dioxide pigments produced in China, creating uncertainty in the export market, and a strong wait-and-see sentiment. The spot trading atmosphere is relatively weak, with companies mainly focusing on fulfilling existing orders. As of now, the quotations for sulfate process rutile titanium dioxide in China are mostly between 13,300 to 15,700 CNY per ton; while anatase type is around 12,800 to 14,500 CNY per ton.
3. Future Market Prediction
Titanium dioxide analysts believe: This week, the titanium dioxide market prices in China have slightly increased. Downstream inquiries are light, with rigid demand procurement being the main focus. It is expected that in the short term, the titanium dioxide market will remain stable, and more attention needs to be paid to the follow-up of the market.
