1、 Price trend

Taking the rutile titanium dioxide produced by sulfuric acid process with large volume in the domestic market as an example, according to the monitoring of bulk commodity data, the price of titanium dioxide fell this month. At the beginning of the month, the average price of domestic titanium dioxide was 20950 yuan / ton, and at the end of the month, the average price was 20783.33 yuan / ton. The price fell within the month, with a range of 0.8%.

2、 Market analysis

In November, the titanium dioxide market gradually entered the off-season, coupled with the gradual cooling in the northern region, the demand contracted. Generally speaking, the demand market in November entered a negative off-season. Up to now, the factory quotation including tax of domestic rutile titanium dioxide is 19500-21800 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton. Downstream demand is light, traders are more cautious and wait-and-see, and the titanium dioxide market mainly operates stably.

According to the customs data, in October 2021, China’s titanium dioxide export was about 115200 tons, with a year-on-year increase of 5.08% and a month on month increase of 7.28%; From January to October 2021, the cumulative export volume was about 1054500 tons, a year-on-year increase of 6.32%, and a year-on-year increase of 62600 tons from January to October 2020. In October 2021, China imported about 12200 tons of titanium dioxide, a year-on-year decrease of 26.45% and a month on month decrease of 28.04%; The cumulative import from January to October was about 159100 tons, with a year-on-year increase of 17.30%, and the import volume from January to October 2020 increased by about 23500 tons.

In terms of titanium concentrate this month, the price of titanium concentrate Market in Panxi area decreased slightly. At present, the titanium concentrate market is relatively cold, the downstream titanium dioxide market is light, enterprises mainly purchase on demand, and the wait-and-see mood is obvious. Up to now, the tax free quotation of 38 grade titanium ore is about 1430-1500 yuan / ton, that of 46 grade 10 titanium ore is about 2150-2280 yuan / ton, and that of 47 grade 20 ore is about 2500-2550 yuan / ton. The downstream titanium dioxide enterprise market is relatively cold, the downstream wait-and-see mood is strong, the market inquiry is general, and purchase on demand. The manufacturer’s inventory has increased, and the overall market is dominated by weak operation. It is expected that the price of titanium concentrate will still be reduced slightly in the short term, and the actual transaction price will be mainly discussed.

According to the customs data, in October 2021, China imported about 186000 tons of titanium ore, a year-on-year decrease of 35.06%, a month on month decrease of 47%, and the import volume decreased by about 165200 tons compared with the previous month.

In terms of sulfuric acid, the price of domestic mainstream sulfuric acid manufacturers fell slightly this month, the manufacturer’s inventory is small, and the downstream demand is general. The quotation of Heze Jiangyuan sulfuric acid at the end of the month is 830 yuan / ton, which is 120 yuan / ton lower than that at the beginning of the month; Zouping Tianlu quoted 380 yuan / ton at the end of this month, down 320 yuan / ton compared with the beginning of this month; Liaocheng Huatong sulfuric acid quoted 460 yuan / ton at the end of the month, down 390 yuan / ton compared with the beginning of the month; Changzhou Qinghong offered 750 yuan / ton at the end of the month, down 100 yuan / ton compared with the beginning of the month; The quotation of Changzhou Changjiang River at the end of the month is 650 yuan / ton, which is 100 yuan / ton lower than that at the beginning of the month; The quotation of Xiangcheng San’an sulfuric acid at the end of the month was 700 yuan / ton, which decreased by 260 yuan / ton compared with the beginning of the month.

3、 Future forecast

In November, the domestic titanium dioxide price market was weak and downward. Titanium dioxide analysts of the chemical branch of business society believe that the industry market has entered the off-season and the downstream demand is general. The prices of raw materials titanium ore and sulfuric acid have been lowered one after another, and the cost support of titanium dioxide enterprises is insufficient. It is expected that the titanium dioxide market will be more wait-and-see in the short term, and the actual operation will be discussed according to their respective tasks.