1、 Price trend
Taking the sulfuric acid method for producing pyrite type titanium dioxide, which has a large volume of goods in the domestic market, as an example. According to data monitoring by Business Society, the domestic titanium dioxide market has shifted upwards this week. At the beginning of the week, the average price of titanium dioxide in the domestic market was 13480 yuan/ton, and the average price over the weekend was 13820 yuan/ton, with a price increase of 2.52%.
2、 Market analysis
This week, the domestic titanium dioxide market has shifted its focus upwards. At present, cost pressure still exists for titanium dioxide companies, and many are waiting to see if they can raise prices. Approaching the Golden September and Silver October, the market anticipates stocking up, and holders have no intention of continuing to sell at low prices, resulting in an increase in quoted prices. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 13200-14200 yuan/ton; The price of the titanium type is around 11700-12500 yuan/ton, and the actual transaction price is negotiable.
3、 Future forecast
Business Society’s titanium dioxide analyst believes that the focus of the domestic titanium dioxide market is shifting upwards this week. The cost of titanium dioxide enterprises is under pressure, and their quotations are firm. However, after downstream stocking up in the early stage, there is a lack of willingness to purchase in the near future, and the market is more cautious. It is expected that the titanium dioxide market will remain strong in the short term, with actual transaction prices subject to negotiation.
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