1、 Market Overview
In the first half of 2021, the Titanium Dioxide market rose step by step. At the beginning of the year, the titanium dioxide market fluctuated at a high level, and the titanium dioxide price remained basically stable throughout January. At the end of the month, some manufacturers increased by 1000 yuan again. February covers the whole spring festival. During the month, the price of titanium dioxide is stable and upward. Before the festival, the price of titanium dioxide is mainly adjusted upward, and after the festival, the manufacturers mainly implement the price. At the end of the month, the prices of individual manufacturers are increased again. In March, the price of titanium dioxide rose steadily, and the price of titanium dioxide was mainly adjusted above. All manufacturers have a price increase mentality. In April, the titanium dioxide market fluctuated at a high level, and the titanium dioxide price was mainly stable. Near the May Day holiday, due to insufficient supply, some manufacturers closed orders, and some enterprises watched the dynamics of dragon python. After May Day, the titanium dioxide industry continued the good trend in the past and ushered in a new round of price rise. With the arrival of the traditional off-season in June, the market atmosphere was slightly weak. Prices remained high and stable.
2、 Output and operation
According to statistics, the output of titanium dioxide from January to June 2021 was 1907100 tons, up 16.1% from 1642600 tons in 2020. CNNC titanium dioxide has a capacity of 100000 tons. In the second half of this year, new units of Shandong Jinhai, Guizhou Shengwei and CITIC titanium will be put into operation one after another, and the output will further increase. In the first half of the year, the operating rate remained at about 76.83%, with more orders from manufacturers and strong demand at home and abroad. The manufacturers made every effort to produce titanium dioxide.
3、 Export analysis
According to the customs data, the cumulative export from January to May was about 540000 tons, a year-on-year increase of 13.01%, and the cumulative export from January to may 2020 increased by 62200 tons. Among them, the top four countries in terms of titanium dioxide export volume are India, South Korea, Turkey and Brazil.
4、 Terminal real estate industry
The new construction area has been growing well since 2018-2019. The cycle from start to completion of new buildings is about 3 years, and the handover period of some third and fourth tier cities is longer. A part of the unfinished projects have been accumulated in the early stage. Real estate has a certain lag for downstream enterprises. Therefore, the real estate completion data will be further repaired in 2021, and the amount of paint will increase significantly. At the same time, the increasing popularity of hardbound houses in recent years also drives the demand for titanium dioxide.
5、 Future prediction
In terms of manufacturers, 230000 tons of capacity was added in the second half of the year, with an increase in supply. In addition, the first half of the year, the enterprise orders are more full load production, and it is expected that the second half of the maintenance will increase, and the situation of rotation maintenance may occur; In terms of cost, in the first half of the year, the cost of sulfuric ACID is higher, the global titanium raw materials are constantly tight, and the titanium dioxide supply will be slightly tight in the later stage; In terms of demand, titanium dioxide market has entered the off-season, with a slightly weak price. Downstream of high price titanium dioxide acceptance is not high, cautious, on demand. Export order support, market game continues. In conclusion, it is expected that the price of titanium dioxide market will decrease in the second half of the year, which will be slightly loose. It is expected that the traditional peak season of "gold, nine silver and ten" will come, and it will be a good man to survive the off-season.
