April 27, 2024

It is expected that the price of titanium dioxide will be maintained

Domestic prices have continued to rise, but export prices are still low. Global giants such as Huntsman and Kono raised their prices for titanium dioxide in January and May 2016 respectively, with a total price increase of US$300/ton. Domestic companies also followed suit and raised their names for the first time since January 6 of this year. After the price of 300 yuan per ton, on January 26, March 27, April 6, the titanium dioxide faucet Sichuan Longyan prices again, four times the cumulative price increase of 1,400 yuan / ton, the price increase of more than 15%. However, export prices have remained at a low level. From January to April 2016, China exported a total of 21.34 million tons of titanium dioxide, a total of 317 million US dollars, the unit price was only 1486.35 US dollars / ton, equivalent to about RMB 9661 yuan / ton, from a single month data From January to April, the unit price was 1473.42, 1471.89, 1481.74 and 1511.27 U.S. dollars per ton, the average export price in February was the lowest, and then it rebounded slightly. The average price in April increased by 30 U.S./ton compared with February, and the price increase was much smaller Domestic price increase.

As exports increased, domestic apparent consumption fell. From 2008 to 2014, benefiting from the development of the domestic real estate market, the demand for domestic titanium dioxide market grew rapidly, with a compound growth rate of 14.02%, but it declined in 2015, and the apparent consumption amounted to 1,990,300 tons in 2015, a year-on-year decline of 6.10. %. Comparing the data for 2015 and 2016, the average operating rate from January to April was 66.33% and 62.85% respectively, while the export volume increased from 180,600 tons to 212,400 tons, and the net export volume increased from 118,900 tons to 161,100 tons. It is expected that domestic apparent consumption will decline compared to the same period in 2015, indicating that domestic demand is still relatively weak. Looking forward to the recovery of domestic real estate sales in the late recovery of demand to recover. At the same time, the price of titanium concentrate also began to rise in the near future. It is expected that the price of titanium dioxide will be maintained, but earnings will be under pressure.

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