International giants raise the price of titanium dioxide again. The domestic market is expected to follow the trend

DuPont, a global titanium dioxide giant, recently announced that it will raise the price of products in the global market by about US $100 per ton from October 1. In May this year, DuPont announced that it would raise the price of titanium dioxide by about $200 per ton since July 1. Another titanium dioxide giant, Connors, also raised the price in June by about $250 per ton. Frequent price hikes by overseas giants may have a cumulative effect and trigger resonance in the domestic market.

The global titanium dioxide giant DuPont will raise the product price from October 1. In the Asia Pacific and Latin America regions, as well as Europe, the Middle East and Africa regions, the price of titanium dioxide in the US dollar market will increase by 100 dollars/ton, and the price of titanium dioxide in the euro market will increase by 75 euros/ton. In May this year, DuPont announced to raise the price of titanium dioxide by about $200 per ton. In June, another titanium dioxide giant Connors also raised the price.

Although the previous two price hikes by overseas giants did not trigger a rise in the domestic market, the industry believes that the demonstration effect brought by this price hike will be greater than before. There are mainly two reasons: first, the domestic titanium dioxide market is in the peak sales season, the enterprise has a good shipment volume, and the business situation has improved; Second, environmental protection policies are becoming stricter. It is reported that the Ministry of Environmental Protection is currently formulating pollution prevention policies for the titanium dioxide industry, and the National Development and Reform Commission is also formulating energy consumption standards for the titanium dioxide industry, which is conducive to controlling production capacity supply.

In terms of the domestic market, due to the entering of the peak sales season, the landscape of titanium dioxide has recovered, and some enterprises have raised prices by 200 to 300 yuan per ton in the past week. At present, the ex factory price of rutile titanium dioxide is 13000 to 14500 yuan/ton, and that of anatase titanium dioxide is 11200 to 12500 yuan/ton. On the enterprise side, the business situation improved significantly in the third quarter, with a significant increase in shipment volume.

Since this year, strong chemical products such as glyphosate, dyes and spandex have all followed the logic of rising prosperity brought about by shrinking supply and stable downstream demand, which is expected to be repeated in the titanium dioxide industry. Specifically, the tightening of environmental policies has gradually been reflected, and the illegal emissions of pollutants from Chongqing's titanium industry have been exposed, causing high market attention and leading to the closure of some production capacity. At present, the Ministry of Environmental Protection is formulating the pollution prevention policy for titanium dioxide industry, and the National Development and Reform Commission is formulating the energy consumption standard for titanium dioxide industry. The introduction of environmental protection policies in the future will further tighten supply. On the other hand, there are new highlights in the market demand. In addition to the application of traditional coatings, the demand for catalysts brought about by flue gas denitration and tail gas treatment has also begun to rise. The agency predicts that the new demand for titanium dioxide will be 422400 tons, effectively alleviating the contradiction between supply and demand of titanium dioxide.

On the whole, the supply and demand pattern of titanium dioxide industry has improved due to the production restriction of manufacturers and stricter environmental protection policies. The demonstration effect brought by the price increase of overseas giants still leaves room for improvement in the price of titanium dioxide in China.