The price was raised again every month
On the evening of October 9,Gpro Titanium announced that according to the current domestic and international Titanium Dioxide market situation, the company's price committee decided that, from now on, the sales price of anatase and rutile titanium dioxide will be increased by 800 yuan / ton for domestic customers and 150 dollars / ton for international customers.
Prior to that, Gpro Titanium announced the price increase news on September 10 and July 14, and the two price adjustments were the same, that is, based on the original price, the sales price of anatase titanium dioxide and rutile titanium dioxide was increased by 500 yuan / ton for domestic customers and 80 dollars / ton for international customers.
On the morning of October 9, another leading enterprise in the domestic titanium dioxide industry, CNNC titanium dioxide, also announced that from now on, on the basis of the existing titanium dioxide sales price, the company's various models of titanium dioxide sales prices will be comprehensively increased. Among them, the sales price of domestic customers increased by 800 yuan / ton, and the export price of international customers increased by 150 US dollars / ton. This is the fourth time since July this year that CNKI has raised the price of its products.
CNNC said that it will closely follow the price trend of titanium dioxide and the change of supply and demand, and timely adjust the price of titanium dioxide products. The overall increase in the sales price of the company's main products will help to further improve the company's sustainable profitability, improve the company's market position and influence, and is expected to have a positive impact on the company's operating results.
Affected by the weak demand caused by the epidemic situation at home and abroad, after March this year, the domestic titanium dioxide price fell by nearly 20% in more than three months, which was a rare drop in recent years. Some manufacturers now have their costs hanging upside down. However, after entering July, there is a strong desire for market prices to recover.
More than 20 mainstream titanium dioxide manufacturers issued price increase and price adjustment letters in September, including Lomo Billions, Annada, Zhentai, Dawn,Doguide, CNNC titanium , haifengxin and Gpro titanium industry. According to the price increase notice, the domestic titanium dioxide product price was increased by 500 yuan on the original basis, and the international price was increased by 80-100 US dollars on the original basis.
Titanium dioxide market continues to strengthen
Although the price has been raised several times in succession, the domestic titanium dioxide market supply and demand performance is still strong.
The price index of titanium dioxide on October 9 was 13392.47, up 256.70 from the previous working day.Enterprise exports maintain good, tight supply of goods, high cost of raw materials, the market to meet the rising tide. On the same day, Panxi titanium ore price index was 1557.5, up 6.25 from the previous working day.
According to Annada's official website, the production of rutile titanium dioxide and iron phosphate reached a record high in August, reaching 7755 tons and 1185 tons respectively. Among them, rutile titanium dioxide was 327.45 tons more than last month, and iron phosphate was 7.44 tons more than last month. This is the company since November 2016, two consecutive months of production record high. The company does a good job in site management, strengthens equipment inspection, maintenance and daily maintenance, reduces equipment operation failure, ensures stable operation of production equipment, meets full load production demand, and makes production and operation better.
Current market starts are generally high, but supply is still tight, logistics in some parts of Southwest China is blocked, raw material prices continue to rise, and the pressure of titanium dioxide freight is rising, so dealers' inventory is gradually consumed, and manufacturers temporarily limit the order quantity. Under the tight supply and demand situation, prices generally rose.
In addition, due to the limited growth of overseas titanium dioxide supply, the export volume of titanium dioxide in August increased by 34% year-on-year and 20% month on month. We are optimistic about the recovery of domestic real estate completion + recovery of overseas demand, and the high cost of titanium dioxide.
We also believe that from the second quarter of 2018 to the fourth quarter of 2019, which lasted for more than a year and a half, the industry began to show signs of replenishing inventory, and even replenished inventory in the off-season. The overall prosperity of titanium dioxide reached the bottom at that time. In January 2020, domestic, large and medium-sized enterprises all raised their prices. Subsequently, due to the emergence of the epidemic, domestic and foreign demand in the first quarter and second quarter were affected in turn As a result, the price of the products has declined sharply since April, and it has fallen through the marginal cash cost again and lasted for one quarter to the end of the second quarter. Since July, domestic manufacturers have raised their prices one after another. So far, the whole industry has raised prices for three rounds, with a total increase of 1500 yuan at the quotation end. The rhythm of the titanium dioxide market, which should have entered a new inventory cycle in the first quarter of 2020, was disrupted by the epidemic. However, by the third quarter, the industry's stock accumulated passively due to the epidemic situation was basically exhausted. Under the periodic rule, replenishment may be late but not absent.
