1、 Price trend

Take sulfuric acid rutile titanium dioxide, which has a large volume in domestic market, as an example. According to the data of the business club, the price of titanium dioxide rose this week. At the beginning of the month, the average price of domestic titanium dioxide was 19600 yuan / ton, and at the end of the month, the average price was 20266.67 yuan / ton.

2、 Market analysis

This month, the domestic market price of titanium dioxide rose, and more than 20 manufacturers, including Huiyun titanium industry, anada, haifengxin, longmangbaili, successively announced the rise. The domestic trade price rose by 1000-1500 yuan / ton, and the export price rose by 120-200 US dollars / ton. The overall market confidence is good, the export market of titanium dioxide is good, the manufacturers have more orders on hand, and the enterprises have been waiting until June to receive orders, so the market supply is tight. Up to now, the domestic price of rutile titanium dioxide including tax is 19600-20600 yuan / ton; The ex factory quotation of anatase titanium dioxide including tax is 16800-18500 yuan / ton; The price of chlorinated titanium dioxide including tax is 19500-22000 yuan / ton.

According to customs data, in March 2021, China’s export of titanium dioxide was about 126900 tons, a year-on-year decrease of 14.92% and a month on month increase of 34.38%; From January to March, the cumulative export volume was about 328000 tons, up 1.46% year on year, and 4731.86 tons year on year from January to March 2020.

In March 2021, China’s import of titanium dioxide was about 16200 tons, with a year-on-year growth of 32.57% and a month on month growth of 11.64%; From January to March, the total import volume was about 46500 tons, with a year-on-year growth of 24.67%. Compared with January to March 2020, the import volume increased by 9211.67 tons.

In terms of raw materials, the price of titanium ore continued to rise this month. In some areas, the start-up of titanium ore is still low, the manufacturers have more orders in the early stage, and the market spot supply is tight. Up to now, the price of 46,10 titanium ore from small and medium-sized manufacturers is 2380-2420 yuan / ton; The price of 47 and 20 mines is about 2400 yuan / ton, and that of 38 and 42 mines is 1600-1650 yuan / ton without tax. In the short term, the price of Panxi ilmenite is relatively firm, the spot of ilmenite is still tight, some miners are reluctant to sell, and the new price of ilmenite may rise steadily, which is a single discussion.

According to customs data, in March 2021, China imported 395900 tons of titanium ore, with a year-on-year growth of 69.40% and a month on month growth of 12.31%; From January to March, the cumulative import was about 1027000 tons, with a year-on-year increase of 31.11%, and the total import from January to March 2020 was about 243700 tons.

In March 2021, China exported 2414 tons of titanium ore, a year-on-year decrease of 71.90% and a month on month increase of 15.78%; From January to March, the total export was about 9945 tons, a year-on-year decrease of 15.74%.

In terms of sulfuric acid, the price of sulfuric acid in Shandong Province rose this month, according to the data of business news agency’s block list. The average price of sulfuric acid at the beginning of the month was 516.67 yuan / ton, and that at the end of the month was 580 yuan / ton. The price rose by 12.26% in the month. In the short term, the sulfur market in the upper reaches has been consolidated at a high level in the near future, and the cost support is good. However, the purchasing enthusiasm in the lower reaches is general, the supply of sulfuric acid is normal, and the ex factory price of sulfuric acid rises slightly in the future.

3、 Future forecast

Titanium dioxide analysts of business news agency believe that: the spot market of titanium ore continues to be tight, the price rises, the price of sulfuric acid also continues to rise, and the cost support performance is strong. At the same time, export orders performed well. Under the superposition of positive factors, the titanium dioxide market will continue to rise in the short term.