Titanium dioxide Drops Down and Deals Are Common

CIC Advisor Reminder: The cumulative increase in the past two weeks is 0.3 US dollars per kilogram of titanium, equivalent to approximately 1900 RMB per ton. Given the overall weak global economic situation, businesses are cautious about this move and have expressed a lack of judgment on the long-term market, hoping to seize short-term operational opportunities.

European titanium market: According to MB UK Metal Herald, high titanium iron in Europe has shown a sustained upward trend recently, with a cumulative increase of 0.3 US dollars per kilogram of titanium in the past two weeks, equivalent to approximately 1900 RMB per ton. Given the overall weak global economic situation, businesses are cautious about this move and have expressed a lack of judgment on the long-term market, hoping to seize short-term operational opportunities.

Domestic market: Returning to the market earlier this week, the titanium series continued to weaken, and domestic concentrate prices continued to decline. The Yunnan region has slowed down, while other production areas are weak, and the import of minerals is temporarily stagnant; Titanium iron enterprises still maintain a large-scale shutdown or production status according to orders; The ex factory price of titanium dioxide market still has a downward trend, the external quotation of front-line enterprises is still falsely high, and the actual transaction is low; The sponge titanium series market continues to stop and reduce production to cope with the market, resulting in overcapacity and low demand. Merchants urgently need to solve inventory and return funds.

Titanium concentrate market: The demand for raw material titanium concentrate is sluggish, and miners mostly produce according to orders. Currently, the phenomenon of production reduction in the market is increasing, and it is expected that the market trend will still have a weak and fine-tuning trend this week. The current 46% titanium concentrate quotation in Yunnan has slightly weakened, and the mainstream quotation excluding taxes is currently concentrated: a decrease of 50 yuan/ton from 1600 to 1700, and it will remain stable and weak in the future. At present, the prices of imported minerals are stabilizing, and market transactions are still relatively stagnant. The mainstream quotation for Vietnam's imported titanium ore with 50% phosphorus<0.035% is maintained at 2300-2400 square yuan/ton.

Titanium dioxide market: at the beginning of this month, titanium dioxide was promoted through competitive bidding. At present, the market shipment situation is slightly better than the previous period; However, frontline manufacturers still have inflated prices for external terminals and low market transaction prices. It is understood that the transaction price of front-line agents generally does not exceed 17500 yuan/ton, while front-line manufacturers generally quote more than 18000 yuan/ton for external terminals. Recently, some downstream enterprises have started implementing a small procurement plan, and this week the market is still weak and consolidating.