1、 Price trend

Taking the sulfuric acid method rutile type titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the domestic titanium dioxide market price has remained stable this week, with an average price of 17133.33 yuan/ton.

2、 Market analysis

This week, the domestic titanium dioxide market prices have remained stable. The overall trading situation in the domestic market is light, with weak downstream demand and strong wait-and-see sentiment on the market. Overall, the market acceptance situation is still weak, with cautious procurement and a focus on just in need purchases. As of now, domestic prices for rutile type titanium dioxide are mostly between 16000-18300 yuan/ton; The quotation for rutile titanium dioxide is around 15500 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the market for titanium concentrate in the Panxi region has remained stable this week. The market situation is average, and the cost pressure in the downstream titanium dioxide market is relatively high. Purchasing is cautious, and there is a lot of wait-and-see on the market. As of now, the tax-free quotation for 38-42 grade titanium ore is around 1550-1580 yuan/ton, the tax-free quotation for 46 grade 10 titanium concentrate is around 2250-2300 yuan/ton, and the quotation for 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the market price of titanium concentrate is operating weakly, and the actual transaction price is negotiable.

In terms of sulfuric acid, the domestic sulfuric acid market prices have fluctuated and fallen this week. According to data monitoring from Business Society, the average price of sulfuric acid on Monday was 247.5 yuan/ton, and on Friday it was 242.5 yuan/ton, a decrease of 2.02%. The downstream demand for sulfuric acid is weak, the market situation is light, and downstream enterprises face great cost pressure. The market quotation has been lowered, and the actual transaction price is mainly negotiated.

3、 Future Market Forecast

Business Society Titanium Dioxide Analyst believes that currently, the price of titanium concentrate in Panxi region is temporarily stable, sulfuric acid prices have decreased, raw material support is weak, and downstream market demand is weak. It is expected that in the short term, the market situation for titanium dioxide will be mostly wait-and-see, with weak and stable operation as the main focus, and the actual transaction price will be negotiable.