Titanium dioxide enterprises intensively issued price increase letters

On November 11, Longbai Group issued an announcement that on the basis of the original price, the sales price of some titanium dioxide products of the company and its subsidiaries was adjusted, including an increase of 800 yuan (ton price, the same below) for various domestic customers and 100 US dollars
for various international customers.

Longbai Group's price increase letter has added confidence
to the long-weak titanium dioxide market.
In the past few days, more than 20 production enterprises such as Guangdong Huiyun Titanium Industry Co.
, Ltd.
, Gimpo Titanium Industry Co.
, Ltd.
, CNNC Huayuan Titanium Co.
, Ltd.
, Anhui Annada Titanium Industry Co.
, Ltd.
, and Shandong Daoen Titanium Industry Co.
, Ltd.
have followed up and announced the increase, and the price was increased by 500~1000 yuan
.

"This wave of rally will stimulate the trading of titanium dioxide market in late November, and it is expected that the order volume will increase
.
" On the one hand, downstream enterprises with conventional usage also have a strong willingness
to replenish positions at a low level.
On the other hand, there are certain positive expectations in late November and December, which makes some downstream enterprises return to regular usage and have a certain amount of flexible stocking
.
Yang Xun, an analyst in the titanium industry, believes that At present, the mainstream market of titanium dioxide is running at a low level, and the spot price of individual grades with serious shortages is more obvious
.
The rise of each manufacturer is different, and the overall price of titanium dioxide tends to rise
.

At present, the mainstream quotations of domestic sulfuric acid rutile and anatase titanium dioxide are 16,000~18,000 yuan and 14,000~15,000 yuan, respectively, and the mainstream prices of domestic and imported chlorinated rutile titanium dioxide are 21,000~23,500 yuan and 31,500~36,000 yuan
, respectively.

According to Yang Xun, the price of titanium dioxide has been stalemated for a long time, coupled with the price of the main raw materials titanium ore and sulfuric acid are both firm, titanium dioxide production enterprises cost pressure is huge, bear the "splint gas" situation is more serious, so the sentiment is stronger
.

"Due to the greater pressure of titanium dioxide manufacturers, they have to choose to reduce or stop production, resulting in tight supply of some grades of products
.
" Although the current titanium dioxide market is weak, the space for price decline is very limited
.
Yang Xun analyzed
.

From the perspective of supply, most manufacturers do not have much
inventory at this stage.
Due to the early arrival of next year's Lunar Spring Festival, in order to ensure customer supply and future market considerations, each manufacturer may have plans to increase the operating rate, when the comprehensive supply of titanium dioxide market will increase
.
However, from the current trading situation, there are no obvious conditions
for strong bullishness.

For the future market, Yang Xun expects that the mainstream market of titanium dioxide will remain basically stable
in November.
Production enterprises have the possibility of increasing the operating rate in the later stage, especially the supply of titanium dioxide products used in plastics and other industries may increase, and some of the high market may return to normal levels, but the overall market remains weak and stable
.
The actual price of titanium dioxide is expected to be a single discussion
based on the order, the quantity, and the form of payment.