Since October 2020, the price of titanium dioxide has continued to rise. The latest quotation has increased by nearly 16% compared to October 6, 2020. The current price of titanium dioxide has maintained a high level for a period of time. Recently, titanium dioxide has shown an upward trend again, and many places have sent letters to increase the price of titanium dioxide.
Recently, due to the gradual decrease of global titanium concentrate mineral resources, the price of domestic titanium concentrate has risen sharply, driving the price of downstream titanium dioxide to rise. Domestic titanium dioxide spot supply is tight, and product prices are gradually rising. On December 28, 2020, Panzhihua Haifengxin issued a price adjustment letter, raising the titanium dioxide by 600 yuan/ton. On December 30, 2020, Qianjiang Fangyuan Titanium Dioxide announced that from January 1, 2021, titanium dioxide will increase by 800 yuan/ton; Yunnan Dahutong Titanium Industry announced that it will increase the price of multiple series of titanium dioxide from January 1, 2021 . In this regard, industry insiders believe that leading titanium dioxide companies will also likely send letters to increase after the New Year’s holiday.
The scientific name of titanium dioxide is titanium dioxide (TiO2). It is a white inorganic pigment with the best opacity, non-toxicity, best brightness and whiteness. It is considered the best white inorganic pigment in the world so far. It is widely used in coatings, plastics, inks, papermaking, rubber, chemical fibers and cosmetics. Among them, coating is the most important downstream industry, accounting for more than 50% of the application of titanium dioxide.
