1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
Taking the sulfuric acid method gold red stone titanium dioxide with a large volume of goods in the domestic market as an example, according to data monitoring by Business Society, the domestic titanium dioxide market stabilized and remained cautious in the first half of July. On July 1st, the average price of titanium dioxide was 15783.33 yuan/ton, and on July 15th, the average price of titanium dioxide was 15783.33 yuan/ton, which remained unchanged.
2、 Market analysis
In the first half of July, the domestic titanium dioxide market stabilized and remained on the sidelines. In July, the prices of raw materials such as titanium concentrate and sulfuric acid remained consistently firm. Due to the impact of raw materials, the production cost of titanium dioxide is under great pressure. In addition, due to various reasons such as power grid maintenance, some enterprises have chosen to limit or suspend production, while others have delayed their maintenance plans until August. The market supply has been greatly alleviated, and the supply of some brands is limited. The prices of scarce brands in the market have been slightly increased, and the manufacturer’s quotations are mainly stable. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 15300-16200 yuan/ton; The quotation for rutile titanium dioxide is around 14500-15000 yuan/ton. The actual transaction price is negotiable.
In terms of titanium concentrate, the market price of titanium concentrate in the Panxi region has remained strong and upward. Affected by the supply of raw materials, mining enterprises in the Panxi region have insufficient production, the market spot is tight, and the price of titanium ore is running at a high level. Downstream titanium dioxide enterprises have a general market situation and poor market demand, so they are more cautious about trading in titanium concentrate and cautious in market procurement. As of now, the price of 38-42 grade titanium ore without tax is around 1580-1600 yuan/ton, 46 grade 10 titanium concentrate without tax is around 2200-2250 yuan/ton, and 47 grade 20 titanium concentrate is around 2500-2630 yuan/ton. In the short term, the price of Panxi titanium concentrate continues to operate at a high level, and the specific transaction price will be discussed on a case by case basis.
Internationally, according to the China Trade Remedy Information Network, the European Commission issued a notice on July 11, 2024, making preliminary anti-dumping rulings on titanium dioxide originating in China, imposing temporary anti-dumping duties ranging from 14.4% to 39.7% on the products involved. In addition, the current surge in ocean freight prices has weakened the situation of foreign trade orders compared to before, and the pressure on foreign trade exports has increased.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that currently, due to factors such as the initial anti-dumping ruling announcement and high sea freight rates, the situation of foreign trade orders has weakened compared to before. On the domestic front, raw material prices remain firm, and there is significant pressure on the production cost of titanium dioxide. Some enterprises have chosen to limit or stop production. In the short term, the market is still in a wait-and-see stage, with stability as the main focus. However, the sentiment of hoping for a rise is already brewing, and the actual transaction price is subject to negotiation.
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