1、 Price trend

Taking the rutile titanium dioxide with large domestic market volume as an example, according to the data of the large list of business agencies, titanium dioxide prices rose this month. At the beginning of the month, the average price of titanium dioxide in China was 20266.67 yuan / ton, and the average price at the end of the month was 21566.67 yuan / ton, and the price rose in the month, with an amplitude of 6.41%.

2、 Market analysis

The price market price of titanium dioxide in China continued to rise this month. More than 20 manufacturers including Huiyun titanium industry, Ananda, haifengxin and longpython Bailey have successively increased, with the domestic trade price rising at 1000 yuan / T and the foreign sales price rising at 150 USD / T. In addition, Venato announced on July 12 that the Asia Pacific region will increase by $200 / T since July 1, 2021. KONOS announced on April 30 that the price of titanium dioxide in Asia was increased by 250 euros / ton, 220 pounds / ton and 300 USD / ton, which was implemented since July 1. Up to now, the tax bearing factory quotation of rutile titanium dioxide in China is 21000-19000 yuan / ton; The ex factory quotation of sharp titanium dioxide with tax is 18300-19200 yuan / ton; The ex factory quotation of titanium dioxide containing tax by chlorination method is RMB 22500-24000 / ton.

According to customs data, China’s titanium dioxide exports reached about 107200 tons in April 2021, an increase of 21.63% year-on-year, and a 15.52% decrease on a month-on-year basis; The cumulative export volume from January to April was about 435100 tons, an increase of 5.78% year-on-year, and an increase of 23800 tons from January to April 2020.

In April 2021, China’s titanium dioxide imports amounted to 18700 tons, an increase of 52.05% year-on-year, and a 15.64% year on month increase; From January to April, the total import volume was about 65300 tons, an increase of 31.46% year-on-year, and the import volume increased by about 17500 tons from January to April 2020.

In terms of raw materials, titanium prices continued to rise this month. In some areas, the start-up of titanium ore is still low, the manufacturers have more orders in the early stage, and the market spot supply is tight. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 2400-2450 yuan / ton; The price of 47 and 20 mines is about 2500 yuan / ton, and that of 38 and 42 mines is 1630-1670 yuan / ton without tax. In the short term, most miners are willing to rise. The spot of titanium concentrate continued to be tight, and some miners were reluctant to sell it. The miners had no intention of shipping at a low price, so the actual price was discussed in a single way.

According to customs data, in April 2021, China imported 367200 tons of titanium ore, with a year-on-year increase of 58.98% and a month on month decrease of 7.27%; The total import from January to April was about 1.3942 million tons, up 37.46% year on year, and the total import from January to April 2020 was about 379900 tons year on year.

In April 2021, China exported 4375.5 tons of titanium ore, with a year-on-year growth of 256.89% and a month on month growth of 81.26%; From January to April, the total export was about 1.43 tons, up 9.92% year on year.

3、 Future forecast

Analysts of titanium dioxide in business agency believe that: at present, the upstream titanium ore is constantly in high price, and the demand of foreign titanium dioxide market is stable and replenishment is required. The overall inventory of titanium dioxide market is low, but the domestic and downstream high price receipt slightly contradicts, and the transaction price is discussed more. In the short term, the supply side is strong, the demand side is contradictory, and the price of titanium dioxide is still strong between the supply and demand games.