1、 Market analysis
In the middle of November, the Titanium Dioxide price market has entered a stable period after rising, and all manufacturers have entered the new price execution period. However, the spot supply has not kept up with the pace, and most of them still have the order rhythm before returning. In other words, there is a time difference between ordering and delivery. In 10-20 days, the delivery time of individual manufacturers is as long as 40 days. The "futures" orders make it very difficult for the holders The current price order can not be delivered, and the future price cannot be determined according to the delivery date. Therefore, in the spot market, small orders are mainly used, and large orders are not allowed to accept. Therefore, the titanium dioxide price market remains strong.
Fangchuan large enterprises have routine maintenance plan in the short term, and the operating rate is declining, so the supply side or continuously maintains a tight spot situation. A small number of manufacturers in East China only give dealers one fifth or sixth of the normal shipment volume. The price of titanium dioxide has risen, but the goods have not increased. On the contrary, the carriers are afraid to advance the future "futures" when they are out of stock. According to the estimated range, they can only make room. If the price is higher than the customers, they will lose money. After several rounds of price rise since July, now More or less tired, and the feeling of powerlessness caused by out of stock.
In the off-season, domestic and foreign trade demand side slightly weakened, due to the rough prediction of the future market, the terminal market has been ready for 1-2 months. However, the supply side of manufacturers and distributors is still in a tight spot, most of which are based on orders before delivery. Some manufacturers still maintain the previous policy and only give about 60-70% of the tasks to domestic agents, which directly leads to the aggravation of the tension in the domestic spot market. So don't ask which product has an advantage in price. It is the biggest advantage to have goods now.
At present, the order receiving situation of some cargo holders has one characteristic: anatase is not sold out, rutile is not enough. Rutile orders have been completed a number of times, while anatase is relatively slow. Even so, anatase manufacturers still have low inventory positions. Orders have been received by January 2021, and rutile manufacturers are even more so. Therefore, if we only look at the supply side, we can see the situation of the supply side. The market does not have the conditions to weaken for the time being, but only continues to increase in a large span, which is accepted by the terminal market More difficult, after all, under the traditional off-season environment, domestic demand slightly contracted.
At present, the mainstream prices of rutile and anatase titanium dioxide produced by sulfuric ACID process are 15500-17300 yuan / ton and 13300-14500 yuan / ton, while the mainstream prices of domestic and imported chlorinated rutile titanium dioxide are 18500-20500 yuan / ton and 25800-28000 yuan / ton according to their uses.
2、 Future forecast
This week, the domestic titanium dioxide price market is strong. We believe that: the domestic demand market has entered the off-season, but the manufacturers and dealers at the supply side are still in a tight spot. The main reason is that the domestic and foreign orders are placed before delivery. Most of the main manufacturers have received orders until January. In the short term, the spot market may keep the difference between the quotation and the delivery time, which means that the spot shortage situation may continue The grid market will also remain high and strong. In the short term, spot supply is insufficient + raw material price is high + domestic and foreign trade orders are complementary and postponed. November is still in the process of price firming, and the actual transaction price is subject to the spot situation.
