1、 Price trend
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 fell in December. On December 1st, the average price of titanium dioxide was 15060 yuan/ton, and on December 30th, it was 14900 yuan/ton, with a price reduction of 1.06%.
2、 Market analysis
The domestic titanium dioxide market continued to decline in December. During the off-season of the industry this month, downstream market demand remained weak. The price of raw material titanium concentrate first fell and then rose, with the main trend being the increase in sulfuric acid prices. The production cost pressure of titanium dioxide enterprises is still relatively high. As the Spring Festival holiday approaches, downstream factories are expected to stock up before the holiday in the first half of the year, which may be beneficial for the market. At the end of the month, Titanium Sea and Yutu sent letters to domestic customers to raise prices by 500 yuan/ton, aiming to stabilize and stop the decline. The specific market performance still needs further observation. As of now, the domestic quotation for sulfuric acid based pyrite type titanium dioxide is mostly between 14000-15700 yuan/ton; The quotation for rutile titanium dioxide is around 13000-13200 yuan/ton. The actual transaction price is negotiable.
According to customs data, the import volume of titanium dioxide in China in November 2024 was 6700.87 tons, a year-on-year decrease of 27.66% and a month on month increase of 3.94%; From January to November 2024, China imported a total of about 84700 tons of titanium dioxide, a year-on-year increase of 15.51% compared to last year, and the import volume increased by about 11400 tons.
In November 2024, China’s titanium dioxide exports were 149300 tons, a decrease of 3.23% compared to the previous month and an increase of 19.54% compared to the same period last year; From January to November 2024, China’s cumulative export of titanium dioxide was about 1.7433 million tons, an increase of 16.35% compared to the same period last year, and the export volume increased by about 245000 tons.
In terms of titanium concentrate, the price of raw material titanium concentrate first fell and then rose in December, with the following main trends overall. Downstream titanium dioxide enterprises have a weak market situation, high cost pressure, strong market pressure sentiment, and cautious procurement. As the Spring Festival holiday approaches, the supply of raw materials has decreased, and processing plants have gradually stopped production. The overall inventory in the field is not high, and the supply is tight. The titanium ore market quotation has rebounded. As of now, the price of 38-42 grade titanium ore without tax is around 1400-1450 yuan/ton, the price of 46 grade 10 titanium concentrate without tax is around 1950-2000 yuan/ton, and the price of 47 grade 20 titanium concentrate is around 2000-2200 yuan/ton. It is expected that in the short term, the mainstream titanium ore prices in the Panxi region will be mainly strong.
According to customs data, China imported 484700 tons of titanium ore in November 2024, a year-on-year increase of 30.84% and a month on month increase of 11.23%, with a monthly average price of 252.54 US dollars per ton; From January to November 2024, China imported approximately 4.5041 million tons of titanium ore, a year-on-year increase of 15.26%, with an increase of approximately 596200 tons in import volume.
In November 2024, China exported 8191.49 tons of titanium ore, a year-on-year increase of 475.21% and a month on month decrease of 17.87%; From January to November 2024, China’s cumulative export of titanium ore was about 75900 tons, a year-on-year increase of 241.88%, and the export volume increased by about 53700 tons.
3、 Future forecast
The titanium dioxide analyst from Shengyi Society believes that the market demand performance this month is still poor, and there is a strong wait-and-see sentiment in the market. The focus of the titanium ore market is upward, and costs are under pressure. In the first half of the year, downstream factories had pre holiday stocking expectations. Titanium Sea and Yutu sent letters to raise prices domestically in order to stabilize and stop the decline, and further test the performance of the stocking market in the near future. Overall, the titanium dioxide market is still dominated by a wait-and-see approach, with prices remaining stable and subject to negotiation.
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