1、 Market analysis
Since the beginning of November, the Titanium Dioxide price market has announced the beginning of strong real profit in advance since the end of October. Nearly 30 manufacturers have announced the increase closely, with the range of 800-1200 yuan / ton. At present, it has basically entered a stable state after rising, which is actually the implementation stage of the increase. One after another, the main reason for the rise is the large volume of chowhound exports and the boost of raw titanium concentrate market. The domestic market is seriously nervous, resulting in frequent price increases. The southwest enterprises have increased 700/ tons and 800 yuan / ton, and the total increase is 1500 yuan / ton. The price is firmly implemented and the market demonstration is obvious.
At present, the price of titanium dioxide is close to the same period last year, and there is no obvious downward expectation in the short term. There is a feature of each carrier receiving orders, that is, they mainly focus on small orders. As the delivery time of the factory cannot be confirmed, the risk of receiving large orders is high.
From July to now, it is an accident that the price will rise for half a year. So far, the terminal customers with regular consumption have different degrees of stock, but most of them keep the regular reserve of 2-3 months, which is almost enough before the lunar new year, and the stock price is generally not high. Some customers who exceed the consumption intend to sell at the high level of titanium dioxide market, which makes the titanium dioxide price market even more "Unknown" and "confused.".
At present, the foreign trade orders of major manufacturers and distributors have been in hand in December, and the pressure of shipment is not great. They often implement the previous prices and orders. The price level after November's rise is not only for domestic customers, but also for foreign customers. In addition, in the short term, the market is implementing the increase. However, due to the rebound of the international epidemic situation, Europe was closed again, and the shipping freight rose instantly, which had a certain impact on the export of titanium dioxide to Europe. However, according to the previous experience of sealing up countries, this impact may be only a short-term effect. However, the price of freight increases is too high and the acceptance of international customers is reduced. Once the order volume drops, the export demand or inventory in the future market will be increased Risk reduction.
Demand and manufacturers' inventory are important reference factors for the market. For the short-term future market, there are hidden worries and uncertainties in domestic and foreign demand markets, which should be paid attention to.
At present, the mainstream prices of rutile and anatase titanium dioxide produced by sulfuric ACID process are 15000-16800 yuan / ton and 13000-14500 yuan / ton, while the mainstream prices of domestic and imported chlorinated rutile titanium dioxide are 18500-20500 yuan / ton and 25800-28000 yuan / ton (all of which are cash ex warehouse price including tax).
2、 Future forecast
This week, the domestic titanium dioxide price market is strong. We believe that: since July, the price market of titanium dioxide has risen nearly half a year, and the upward channel has been several months. Up to November, the domestic spot shortage has eased a little, but it is still tense. The above uncertain factors exist in the demand market in December, and the price market is vulnerable. However, in the short term, November is still in the process of price rising, and the manufacturers have adjusted their prices by a large margin, which has basically confirmed that it is profitable to rise.
