1.Rutile Titanium Dioxide Market
The Chinese rutile titanium dioxide market was stable this week. Part of the market prices fluctuated slightly, as the operating rate declined. The inventory at mainstream producers was still tight and some small-sized producers saw increases in inventory. The overall sales pressure increased slightly. The price of ilmenite concentrate was stable after mild declines last week. Though coating production fell in April, it had little effect on titanium dioxide market. Downstream users purchased titanium dioxide on a need-to basis. Most producers supplied to customers contracted previously and the prices were in the range of RMB 16,500-17,000/mt. New orders were traded at the price RMB 18,000-19,500/mt. Dealing prices were negotiable.
2.Anatase Titanium Dioxide Market
The negotiated price of anatase titanium dioxide remained stable this week, while part of it was reduced, because the downstream demand was flat and companies are bullish about the market. At present, the quotations from manufacturers are higher. Up to this week, it is predicted ex-works prices including VAT of anatase titanium dioxide will be in the range of RMB 16,5000-17,500/mt
The overall operating rate will be around 70% and the production will fall slightly. The inventory in large-sized factory decreased, while it in small factory increased. The coating production will continue to fall in May, and it is hard for downstream to sale. As a result, The supply in the spot market will continue to be tight. It is predicted the market price will be in a stalemate in the short term.
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