1、 Price trend
The year 2021 was successfully completed. Looking at the development of titanium dioxide Market in this year, from the perspective of price, according to the monitoring of bulk commodity data, the price of titanium dioxide rose in 2021. The average price of domestic titanium dioxide at the beginning of the year was 16666.67 yuan / ton, and the average price at the end of the year was 20733.33 yuan / ton. The price increased by 24.4% during the year.
2、 Market analysis
Product market
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In terms of market development in 2021, the first half of the year is basically in the stage of rapid rise, and the second half of the year is in the stage of slow decline. Near the end of the year, Longqi sent a letter for the tenth time. In January 2022, the price of titanium dioxide increased. At this time, the price of titanium dioxide began to pick up.
In the first quarter, the export situation of titanium dioxide enterprises was good. Dragon enterprises announced three increases, with a cumulative increase of 16% from January to March. The domestic rutile titanium dioxide factory quotation including tax is mostly 18800-20500 yuan / ton, and the anatase titanium dioxide factory quotation including tax is between 15500-18000 yuan / ton. The main domestic supply side manufacturers are in short supply. The price of raw titanium ore is high, the cost support is strong, the market confidence of titanium dioxide is good, and the price rises.
In the second quarter, Longqi once again announced its rise for three times, with a cumulative increase of 10.03% from April to June. Domestic rutile titanium dioxide factory quotation including tax is mostly 21000-21600 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly between 18300-20000 yuan / ton; The factory quotation of chlorinated titanium dioxide with tax is mostly 22500-24000 yuan / ton. The spot price of titanium ore market continued to rise, the price of sulfuric acid also continued to rise, and the cost support performance was strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market continued to rise.
In the third quarter, Longqi sent letters twice to announce the rise, but due to the rapid rise in the early stage. Domestic demand has entered the off-season, and downstream procurement is beginning to weaken. The price increase letter has played a role in stabilizing the price to a certain extent. The actual transaction price is in a slow decline stage. 7-9, with a cumulative decrease of 2.86%. Domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is between 17600-19500 yuan / ton. At present, titanium dioxide enterprises are limited by the sound of films, more parking, low market operation, and many enterprises have sent letters to raise prices. The trading market has a strong wait-and-see mentality. Traders are more cautious in taking goods and mainly purchase on demand.
In the fourth quarter, Longqi sent a letter in October to announce the rise, so as to promote stability. In October, the domestic titanium dioxide market price was basically stable. From the end of November to the beginning of December, the titanium dioxide market turned weak, coupled with the gradual cooling in the northern region, the demand contracted. The market price of titanium dioxide decreased slightly. On December 13, Longqi sent a letter for the tenth time announcing that the price of titanium dioxide would rise in January 2022, when the price of titanium dioxide began to pick up. From October to December, the decline was 1.03%. Up to now, the domestic rutile titanium dioxide factory quotation including tax is mostly 19500-21500 yuan / ton; The factory quotation of anatase titanium dioxide including tax is mostly 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.
Import and export data
According to customs statistics, the import volume of titanium dioxide from January to November 2021 was 176200 tons, a year-on-year increase of 24400 tons, an increase of 16.08%. It is estimated that the annual import volume will be 190000 tons and the monthly average import volume will be 15800 tons.
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According to customs statistics, the total export volume of titanium dioxide from January to November 2021 was 1178000 tons, with a year-on-year increase of 73900 tons, an increase of 6.70%. It is expected that the annual export volume will be 1.28 million tons and the average monthly export volume will be 107000 tons.
Production capacity
According to public data, China’s titanium dioxide production capacity will be about 4.37 million tons in 2021, an increase of 9% over last year. Due to the continuous strong market demand, the production capacity of titanium dioxide is growing steadily. From January to November 2021, the output of titanium dioxide in China was 3.4791 million tons, a year-on-year increase of 312900 tons, an increase of 9.88%. The annual output is expected to be about 3.79 million tons.
3、 Future forecast
Titanium dioxide analysts of business society chemical branch believe that at present, the domestic titanium dioxide market price is mainly stable. Titanium dioxide enterprises have successively sent letters that the price of titanium dioxide will rise next month, which has played a certain role in boosting the market. In addition, the current titanium ore price has increased slightly, so the cost support of titanium dioxide enterprises is strong. It is expected that the titanium dioxide market will run steadily and well in the short term.
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