Current situation analysis and expectation of titanium dioxide at the beginning of the year

European titanium market: The mainstream quotation in the European titanium market has remained stable, and transactions are still relatively cold. Recently, it has continued to be in a weak consolidation state. According to a report on European Strategic Small Metals, the price of sponge titanium in Europe remains unchanged: 10.3-11 US dollars per kilogram; The quotation for high titanium iron in Europe is temporarily stable at $7-7.5 per kilogram, and some traders have indicated that there is still room for a downward trend in the future.

Domestic titanium market: This week, the decline of titanium concentrate has basically stopped, with miners holding up prices and actively seeking low-priced and favorable resources, waiting for the market to rebound. Some miners have stated that manufacturers are currently stagnant in downstream transactions, with a focus on low-priced "coarse" concentrate resources, mostly local unpackaged water mines.

Titanium dioxide market: It is understood that the titanium dioxide industry is weak this week, the enterprise quotation is temporarily weak and stable, and the transaction price and volume are still low. At present, the mainstream price of rutile titanium dioxide including tax is 15700-16800 yuan/ton; The mainstream tax inclusive quotation for the Ruiti model is concentrated at 12800-13700 yuan/ton. The market weakness continues in the short term.

At the beginning of the year, the trading market performance was sluggish, and the market did not rebound. More international leading enterprises participated in the competition. At the beginning of the year, enterprises were trying to destock, and domestic titanium dioxide was indeed a few high-quality products. Under the policy support of the 12th Five Year Plan, the domestic titanium dioxide industry still needs to strengthen innovation in process and technology.

In terms of macro news: Urbanization is still seeking opinions, and the development focus may be at the county and town levels; 199 transmission lines in multiple areas of Guangxi, Yunnan, and Guizhou are covered with ice, and the Southern Power Grid is fully committed to resisting ice and ensuring electricity supply; The monthly PPI rate in the Eurozone unexpectedly declined in November.