1. Market analysis
Almost ended in August, the titanium dioxide price market fell into a stable period after rising at the beginning of the month, and the terminal demand was not ideal. It was also a return to rationality, and the pace of on-demand procurement was the main. However, the spot inventory situation of supply-side manufacturers is polarized: some manufacturers have relatively normal spot inventory positions, and there are no obstacles to production and delivery; the spot inventories of other manufacturers are severely tight and the market weight is high. The products that are in stock have been out of stock in the past 1-2 months. I just heard of its existence. Affected by this, the "Golden Nine" may continue to increase profits.
The spot circulation in July-August has a characteristic: the proportion of direct terminal receiving is increased, and the spot circulation path is shortened. In fact, both manufacturers and first-level agents have the desire and trend to shorten the intermediate links. Especially in this situation of shortage of supplies, the spot is mostly point-to-point direct terminal warehouses to ensure direct terminal customer supply.
In addition, due to the impact of previous floods, mainstream manufacturers in the southwest and other regions have a low operating rate. On the one hand, they fulfilled export orders and met domestic demand on the other. Spot tensions have intensified, market spot prices have a larger span, and the market has a price tolerance for tight supply sources. Higher, this is also a reasonable feedback of the market supply and demand relationship. At the same time, the continuation of the tight spot situation may increase the possibility that the "Golden Nine" will continue to be bullish. Regardless of whether the actual spot market is issued a letter or not, the actual order prices have been firm and increased to varying degrees. At least some manufacturers do not have the ability to reduce prices. condition.
The trading market in August was relatively colder than that in July, but on the contrary, foreign trade exports are now gradually returning to near normal levels. Spots on the supply side are shrinking, and volumes on the export side are gradually recovering. Spot tensions may continue to intensify. As a professional raw material service provider, Yantai Group takes advantage of its own size, stable supply, high quality, low price, and fast logistics. In a complex market environment, please choose a formal service provider, Yantai-"10,000 tons Class" service providers have obvious advantages in quality assurance, stable supply, preferential prices, and efficient logistics.
At present, the mainstream quotations of most domestic sulfuric acid rutile and anatase titanium dioxides are at RMB 12,500-15,000/ton and RMB 10,300-12,000/ton. Domestic and imported chlorinated rutile titanium dioxides are mainly priced at 17,500-19500 by application. RMB/ton and RMB 25,500-28,000/ton (all the above are the cash outgoing price including tax).
2. Market outlook forecast
This week, the domestic titanium dioxide price market is firm. Yang Xun, an analyst at Yantai Titanium Industry, believes that the price market in August is almost finalized. Whether or not they send a letter, each manufacturer has increased by different degrees. Some stocks are tight. The market price of the product is firm and not weak. In the short term, despite the lack of enthusiasm for demand and the failure to achieve “group pet”, the supply-side spot shortage is more obvious, and the quotations of holders are relatively firm. The titanium dioxide spot market may continue to be strong, and the peak season of “Golden 9” may be ready to “rise” The actual transaction price depends on the spot situation.
Source: Chemical Network
