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 price of titanium dioxide in the domestic market increased in February. On February 1st, the average price of titanium dioxide was 14900 yuan/ton, and on February 27th, the average price of titanium dioxide was 15180 yuan/ton, with a price increase of 1.88%.

2、 Market analysis

The domestic titanium dioxide market price increased in February. Returning from the early Chinese New Year holiday, the titanium dioxide market continues its upward trend from before the year, with strong execution of new market prices. In the middle of the month, the domestic titanium dioxide raw material market remained at a high level, with significant cost support from titanium dioxide enterprises and a mainly consolidating trend in market prices. In the latter half of the year, titanium dioxide companies sent another letter to adjust prices and increase prices. The overall market has received good orders, boosting confidence. Some tight models have raised their prices. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13200-13600 yuan/ton. The actual transaction price is negotiable.

In terms of titanium concentrate, the price of raw material titanium concentrate increased slightly in February. After the early Chinese New Year, the supply of titanium ore raw materials was tight, and the overall titanium ore price market remained strong and upward. In the middle of the month, there was an increase in inquiries in the titanium ore market, with low inventory levels and a continued slight increase in titanium ore prices. In the latter half of the month, large mining companies in the Panxi region responded by releasing raw ore to the outside world, and the supply of medium ore also increased, causing some mining companies to operate at full capacity. However, due to the increase in prices sent by major titanium dioxide companies, mining companies’ quotations remained relatively firm. As of now, the price of 38-42 grade titanium ore without tax is around 1450-1500 yuan/ton, 46 grade 10 titanium concentrate without tax is around 2100-2150 yuan/ton, and 47 grade 20 titanium concentrate is around 2100-2200 yuan/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will be mainly strong.

3、 Future forecast

Business Society’s titanium dioxide analyst believes that the domestic titanium dioxide market prices have risen this month. Due to the shortage of raw materials and the continuous increase in costs, Longqi has once again led a letter to raise the price of titanium dioxide. Overall, the confidence in the titanium dioxide market is good, and it is expected that the price of titanium dioxide will remain firm in the short term. The actual transaction price is negotiable.