I. price trend
Titanium dioxide prices fell this month, according to commodity data monitoring. At the beginning of the month, the average price of titanium dioxide in China was 15833.33 yuan / ton, and at the end of the month, the average price was 15300 yuan / ton.
On November 28, the titanium dioxide commodity index was 72.64, up 0.16 points from yesterday, down 27.36% from the cycle’s highest point of 100.00 (2011-09-04), and up 40.56% from the lowest point of 51.68 on December 29, 2015. (Note: cycle refers to 2011-09-01 to now)
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II. Market analysis
Products: in November, titanium dioxide market gradually entered the off-season, the shipping pressure increased, and the northern region gradually turned cold, the demand gradually contracted. On the whole, the demand market in November entered into a weak season. As of the 28th of this month, the factory price of domestic rutile titanium dioxide is 14500-15500 yuan / ton, and that of anatase titanium dioxide is 12500-14000 yuan / ton. Downstream demand is light, titanium dioxide market as a whole is in a weak downward state. Sales enter into the traditional off-season; the pressure on the sales of the goods holders is great, sometimes they have to sacrifice their prices for cash and sales performance. , but the market demand is weak, which is difficult to boost the market price. According to the data of total export volume published, international export orders declined narrowly, with a decline on a month on month basis, and there was no significant growth point on the demand side. At the end of the month, haifengxin sent a letter to raise the price by 200 yuan / ton, mainly due to the high cost of raw materials and the recent rise of titanium ore price. The prices of raw materials titanium ore and natural gas are going up, and titanium dioxide enterprises are under great cost pressure. The enterprises may limit production or enter into maintenance ahead of time. Different enterprises have different situations, and the actual transaction is a single negotiation.
According to the statistics provided by the General Administration of customs, in October 2019, the import volume of titanium dioxide in China was 18240.04 tons, an increase of 63% month on month, a year-on-year increase of 10.77%, and the average import price in that month was 2902.04 USD / ton. From January to October 2019, the cumulative import volume of titanium dioxide was 135088.04 tons, and the cumulative average import price was 3011.27 USD / ton, a year-on-year decrease of 18.86%.
In October 2019, the export volume of titanium dioxide in China was 79400.99 tons, down 5.26% month on month, up 26.08% year on year, and the average export price of the month was 2117.06 USD / ton. From January to October 2019, the cumulative export volume of titanium dioxide was 820784.14 tons, and the cumulative average export price was USD 2222.35/ton, an increase of 5.82% year on year.
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Industrial chain: the price of titanium concentrate in Panxi area is up this month. Raw materials and downstream are relatively supportive of the price market, high cost of raw ore, shortage of spot goods, routine maintenance plan of some manufacturers and other reasons. Quotation is suspended and market supply is reduced. As of the end of this month, the price of 38 titanium ore excluding tax is 820-840 yuan / ton, and that of 46 and 10 titanium ore excluding tax is 1250-1320 yuan / ton. The price of 47 and 20 mines is 1300-1350 yuan / ton. In November, the titanium dioxide market as a whole was in a weak downward state, the supply of titanium ore was tight, and the price of titanium ore would maintain stable operation.
According to the statistics provided by the General Administration of customs, in October 2019, the import volume of titanium concentrate in China was 270414.12 tons, with a month on month increase of 116.68%, a year-on-year decrease of 13.53%, and the average import price in that month was 190.3 USD / ton. From January to October 2019, the cumulative import volume of titanium concentrate is 2072265.07 tons, and the cumulative average import price is 170.84 USD / ton, a year-on-year decrease of 23.45%.
In October 2019, the export volume of China’s titanium concentrate was 2535.48 tons, an increase of 26.14% on a month on month basis, an increase of 275.07% on a year-on-year basis, and the average export price of that month was 987.54 USD / ton. From January to October 2019, the cumulative export volume of titanium concentrate is 20977.65 tons, and the cumulative average export price is 1109.92 USD / ton, up 19.42% year on year.
III. future forecast
In November, the domestic titanium dioxide price market declined. Titanium dioxide analyst of the chemical branch of business society thinks: the industry market has entered the off-season, and the downstream demand is general. The price of raw material titanium ore is firm, the cost pressure of titanium dioxide enterprises is large, some manufacturers tentatively call back the price, and the market price range is narrowed. In the short term, the price of titanium dioxide is stable, and the actual operation is based on a single task.
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