1、 Price trend
Take the rutile Titanium Dioxide produced by sulfuric ACID method with large volume in domestic market as an example, the price of titanium dioxide rose this week. At the beginning of the month, the average price of domestic titanium dioxide was 19600 yuan / ton, and at the end of the month, the average price was 20266.67 yuan / ton.
2、 Market analysis
This month, the domestic market price of titanium dioxide rose, and more than 20 manufacturers, including Huiyun titanium industry, Anada, haifengxin,Lomon-Billions, successively announced the rise. The domestic trade price rose by 1000-1500 yuan / ton, and the export price rose by 120-200 US dollars / ton. The overall market confidence is good, the export market of titanium dioxide is good, the manufacturers have more orders on hand, and the enterprises have been waiting until June to receive orders, so the market supply is tight. Up to now, the domestic price of rutile titanium dioxide including tax is 19600-20600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is 16800-18500 yuan / ton; The price of chlorinated titanium dioxide including tax is 19500-22000 yuan / ton.
According to customs data, in March 2021, China's export of titanium dioxide was about 126900 tons, a year-on-year decrease of 14.92% and a month on month increase of 34.38%; From January to March, the cumulative export volume was about 328000 tons, up 1.46% year on year, and 4731.86 tons year on year from January to March 2020.
In March 2021, China's import of titanium dioxide was about 16200 tons, with a year-on-year growth of 32.57% and a month on month growth of 11.64%; The total import volume from January to march was 46500 tons, up 24.67% year on year, and 9211.67 tons from January to March 2020.
In terms of raw materials, titanium prices continued to rise this month. Titanium ore construction in some areas is still low, with more orders in the early stage of the manufacturers and tight spot supply in the market. Up to now, the price of 46 and 10 titanium ores from medium and small manufacturers is 2380-2420 yuan / ton; 47. The price of 20 mines is about 2400 yuan / ton, while that of 38 and 42 mines is 1600-1650 yuan / ton excluding tax. In the short term, the price of Panxi titanium concentrate is relatively strong, the spot of titanium concentrate is constantly tight, some miners have been reluctant to sell it, and the price of new titanium concentrate has increased steadily, so it is a single discussion.
According to the customs data, 3959000 tons of titanium ore imported from China in March 2021, an increase of 69.40% year-on-year, and a 12.31% increase on a month-on-month basis; The total import volume of January March 2020 increased by about 243700 tons, with an increase of 31.11% year-on-year.
In March 2021, China exported 2414 tons of titanium ore, a year-on-year decrease of 71.90%, an increase of 15.78% on a month basis; The cumulative export volume from January to march was about 9945 tons, a year-on-year decrease of 15.74%.
In terms of sulfuric acid, the price of sulfuric acid in Shandong Province rose this month. The average price of sulfuric acid at the beginning of the month was 516.67 yuan / ton, and the average price at the end of the month was 580 yuan / T. the price rose in the month, with an amplitude of 12.26%. In the short term, the upstream sulfur market is in the near future high consolidation, with better cost support, but the downstream procurement enthusiasm is general, the sulfuric acid supply is normal, and the factory price of sulfuric acid in the later market fluctuates slightly.
3、 Post market forecast
Our titanium dioxide analysts believe that: the titanium market spot prices continue to rise, sulfuric acid prices continue to go high, cost support performance is strong. Meanwhile, export orders are performing well, and under the combination of favorable factors, the market of titanium dioxide will continue to continue the upward trend in the short term.
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