Under the influence of cost pressure and manufacturers’ short-term production reduction, titanium dioxide enterprises have launched the fourth round of price adjustments within the year, which may boost market confidence.
On July 26, CNNC Titanium Dioxide and Jinpu Titanium raised the price of titanium dioxide. China Nuclear Titanium Dioxide raises the sales price for domestic customers by RMB 700/ton and the sales price for international customers by USD 100/ton. The sales price of Jinpu Titanium’s rutile titanium dioxide is raised by 600 yuan/ton, and it is raised by 100 dollars/ton for various international customers; the sales price of anatase titanium dioxide is raised by 1,000 yuan/ton, and it is raised by 150 dollars/ton for various international customers.
On July 25, Longbai Group announced that starting from July 25, 2023,
The sales price of sulfuric acid titanium dioxide is raised by RMB 600-800/ton for various domestic customers and USD 100/ton for international customers on the basis of the original price.
It is learned from industry insiders that cost is the main reason for this round of price increases. The price of titanium concentrate has risen within the month, and the market price increase sentiment has been transmitted downward. At the same time, the current decline in the overall output of mainstream manufacturers has led to tight supply. Moreover, the price of titanium dioxide is at a low level, and many downstream customers stock up and place orders out of the mentality of “buying the bottom”, which is also the basis for supporting the price increase of mainstream enterprises in the off-season.
Improved downstream demand
With the recovery of the economy, the downstream demand for titanium dioxide has been improved.
Improved downstream demand
With the recovery of the economy, the downstream demand for titanium dioxide has been improved.
In 2022, due to the mismatch of supply and demand, high cost and weak demand, the prosperity of the titanium dioxide industry will decline, and the average market price will remain near the cost line for a time. In 2023, the overall economic environment will pick up, and the real estate policy will be superimposed. Downstream demand is expected to bottom out, and the industry may gradually recover.
Recently, the state has issued a number of policies to focus on tapping potential consumer demand from the real estate stock market, which will strongly stimulate the growth of demand for coatings and become an important driving force for the release of titanium dioxide market demand. With the further recovery of coating consumption demand in my country’s real estate stock market, it is expected that in the second half of 2023, my country’s titanium dioxide industry will accelerate the pace of recovery driven by positive factors such as the recovery of demand in the downstream market.
“Judging from the expectations of the main downstream real estate end, it is expected that there will be new favorable policies on real estate in the second half of the year, and the second half of the year may be better than the first half of the year.”
Sun Wenjing, an analyst at Zhuo Chuang Information, said that the area of new real estate construction is expected to decline, and the follow-up long-term incremental scale of the real estate industry is limited;
In addition, considering the characteristics of the transition between low and peak seasons in the demand for titanium dioxide, it is expected that the overall price of titanium dioxide will remain at a low level in the second half of the year.
“In the long run, there are many application scenarios for titanium dioxide. With the development of the global economy and the improvement of people’s living standards, especially the development of industrialization and urbanization in developing countries with large populations, the demand for titanium dioxide products will continue to grow.”
The global demand for coatings and paints is on the rise. At the same time, the huge inventory and renovation demand of the domestic real estate industry also drives the growth of demand for coatings and paints, which has become an additional driving force for the growth of the titanium dioxide market.
According to data from the China Coating Industry Association, it is estimated that by 2025, my country’s coating production will reach 30 million tons, and the compound growth rate from 2021 to 2025 will be 4.96%. The price of chalk rose.
Post time: Aug-14-2023