Seisha
The commodity market analysis system of the business community helps you grasp the market of bulk raw materials, welcome to subscribe!
First, the price trend
According to the data monitoring of the business community, taking the sulfuric acid rutile titanium dioxide with a large volume of goods in the domestic market as an example, the domestic titanium dioxide market continued to decline in June. On June 1, the average price of titanium dioxide was 16,366.67 yuan/ton, and on June 30, the average price of titanium dioxide was 15,850 yuan/ton, and the price was reduced by 3.16% during the cycle. Up to now, the domestic sulfuric acid rutile titanium dioxide is mostly quoted between 15,300-16,200 yuan/ton; The price of anatase titanium dioxide is about 14500-15300 yuan/ton. The actual transaction price is negotiable.
2. Market analysis
In June, the domestic titanium dioxide market continued to be weak. After the price of dragon enterprises was lowered in the first half of the year, the prices of the rest of the enterprises followed the adjustment, and the titanium dioxide market was weak and downward. In the middle and second half of the year, the overall market order situation is still weak, and the procurement is cautious, and the purchase is mainly based on rigid demand.
International: the export situation of foreign trade is acceptable. According to incomplete statistics, at present, international titanium dioxide manufacturers, such as Chemours, Connors, Panergy, Teno, and Ishihara titanium dioxide, have successively issued price increase notices, which will be implemented on July 1, 2024. The price of Chemours titanium dioxide rose by $100/ton, the price of Cornos titanium dioxide rose by $200/ton, the price of Fanengtuo titanium dioxide rose by $100/ton, the price of Teno titanium dioxide rose by $100/ton, and the price of Ishihara titanium dioxide rose by $200/ton.
Macro aspect: On June 13, the European Commission's first draft of anti-dumping duties on China's titanium dioxide showed that it planned to impose tariffs of up to 39.7% on Longbai Group and its subsidiaries, 14.4% on Venus Titanium (China Nuclear Titanium Dioxide), and 39.7% on other Chinese titanium dioxide companies. At present, the specific final ruling results have not yet been released, and the degree of impact depends on the final ruling.
In terms of raw materials: the price trend of titanium dioxide raw materials in June was mixed. In terms of titanium concentrate, the market price of titanium concentrate in Panxi weakened in June. The start of titanium ore is basically stable, and the supply of raw ore is tight. However, the market of downstream titanium dioxide enterprises continues to be weak, the titanium concentrate market is cautious, the price pressure sentiment is stronger, and the high-priced titanium concentrate is more resistant, and the upstream and downstream trading is more wait-and-see, and the market is more deadlocked.
Up to now, the price of 38-42 grade titanium ore excluding tax is about 1530-1550 yuan/ton, the price of 46-grade 10 titanium concentrate excluding tax is about 2200-2230 yuan/ton, and the price of 47-grade 20 titanium concentrate is about 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate is mainly stable for the time being, and the specific transaction price of the actual order is negotiable.
In terms of sulfuric acid, the price of the domestic sulfuric acid market rose in June. According to the price data monitoring of the business community, the average price of sulfuric acid in China was 247.5 yuan/ton on June 1 and 260 yuan/ton on June 30, with an increase of 5.05% in the month. In June, acid plants in some areas were still under maintenance, the supply of sulfuric acid remained tight, and the price was slightly raised; The price of raw material sulfur has been raised recently, which has brought support to the cost of sulfuric acid, and the sulfuric acid market is good in the short term, and the actual transaction price is mainly negotiated.
Import and export: According to customs data, China's titanium dioxide imports in May 2024 were 9082.03 tons, an increase of 40.94% year-on-year and 34.12% month-on-month; Among them, the import of sulfuric acid titanium dioxide in May was 2194.52 tons, down 27.33% month-on-month; In May, the import of chlorinated titanium dioxide was 6887.52 tons, an increase of 83.60% month-on-month. From January to May 2024, China imported about 40,100 tons of titanium dioxide, an increase of 59.67% over the same period last year, and the import volume increased by about 15,000 tons.
In May 2024, China's titanium dioxide exports were 149,300 tons, down 5.14% month-on-month and up 3.22% year-on-year; Among them, the export of sulfuric acid titanium dioxide in May was 126,300 tons, an increase of 0.85% month-on-month; In May, the export of chlorinated titanium dioxide was 23,000 tons, down 28.48% month-on-month. From January to May 2024, China exported about 796,200 tons of titanium dioxide, an increase of 12.04% over the same period last year, and the export volume increased by about 85,600 tons.
3. Forecast for the future
Analysts of the business community believe that in June, the price of titanium concentrate in Panxi fell first and then stabilized, the market price of sulfuric acid was raised, and the cost pressure of titanium dioxide increased in the later period. The downstream market demand continues to be weak, the market trading situation is light, the transaction is more cautious and wait-and-see, and the shipping pressure of titanium dioxide enterprises is greater. It is expected that in the short term, the trend of titanium dioxide will be weak and stable, depending on the downstream market demand.