Summary of One Week Price Quotations in 2014 Domestic titanium dioxide Market (October 29 November 2)

1、 Titanium dioxide Market Price Trend Chart

Figure: P value curve of titanium dioxide products from October to November (increase/decrease: -0.61%)

Summary of weekly price quotation of domestic titanium dioxide market (October 29 November 2)

Taking the sulfuric acid rutile titanium dioxide with a large volume of goods in the domestic market as an example, it can be seen from the figure that the overall average price of titanium dioxide this week (October 29 to November 2) corrected again, from 18126 yuan/ton this Monday to 18016 yuan/ton at the weekend, a decline of 0.61%, and the overall price fell in a stalemate.

2、 Market analysis

The price of titanium dioxide has been stuck for several days. This week, there were signs of callback. The demand was poor, so it was rational to callback and rescue the market.

This week, raw material ore prices have slightly declined, and market demand is not high. Currently, the price of 46 grade titanium concentrate in Panzhihua area is between 1620-1700 yuan/ton (excluding tax), and the delivery situation is relatively quiet. The quotation of A mine in Vietnam is still stagnant between 2200-2300 yuan/ton (excluding tax), with temporary poor demand and stable operation in the short term.

At the end of November, the price of titanium dioxide began its third pullback in 2012, ranging from 500 to 800 yuan/ton. The main reasons for the price weakness are: first, the weak terminal demand is transmitted upward, and the only rigid demand in the market can only bring single digit shipments to dealers, which is deliberately cold; Secondly, there has been a slight decrease in the price of raw titanium concentrate, ranging from 50 to 70 yuan/ton; Secondly, some manufacturers have relatively full inventory, which has caused significant inventory pressure due to poor sales in the past stage, leading to price reductions and pressure relief; Finally, the price of imported products dropped significantly, which increased the pressure on the domestic titanium dioxide market. The price reduction is actually to maintain a reasonable price difference with imported products.

At present, the price radius of products in the market is still large, and the market situation is the same for all enterprises. The only difference is the inventory and operating rate among enterprises. Therefore, the price radius of products in the current market is large. Most domestic mainstream quotations of rutile and anatase produced by sulfuric acid process are 16800-17500 yuan/ton and 13800-14500 yuan/ton (tax included).

3、 Future Market Forecast

The prices of raw titanium concentrate and titanium dioxide both declined this week. Yang Xun, an analyst of titanium dioxide from the Chemical Branch of the Business Community, believes that: after several days of stalemate, the price has finally decreased this week. The price of leading enterprises is temporarily stable and other producers' price adjustments may delay the pace of large-scale price reduction. According to the composition of titanium dioxide's production cost in theory, the overall price reduction may not be large. In the short term, look at the future market or continue to decline.