Demand Boost: Titanium Dioxide Faces a New Round of Price Increases
Release time:
2021-01-28
Under the boost of market demand, many titanium dioxide companies have recently adjusted their prices, ushering in a new round of price increases in the market. As of the close on the 13th, the Wind Titanium Dioxide Index fell by 0.85%, reporting 1127.28 points. Among individual stocks, Huayun Titanium Industry rose by 2.56%, reporting 18.82 yuan; Longmang Baili rose by 1.94%, reporting 39.34 yuan; China Nuclear Titanium Dioxide rose by 1.85%, reporting 6.05 yuan; Anada rose by 1.46%, reporting 9.05 yuan.
On January 12, Anada announced that due to the continuous rise in the prices of raw and auxiliary materials and the demand in the domestic and international titanium dioxide market, the company decided to raise the sales prices of its main products starting from January 12, 2021. The domestic sales prices of rutile titanium dioxide and anatase titanium dioxide were both raised by 500 yuan/ton, and the export prices were raised by 100 USD/ton. Thus, based on the price increase on October 28, 2020, the company has cumulatively raised the prices of its main products three times, with the prices of rutile titanium dioxide and anatase titanium dioxide cumulatively raised by 1700 yuan/ton, and the export prices cumulatively raised by 300 USD/ton.
Previously, on January 8 and January 11, Longmang Baili, Huayun Titanium Industry, and China Nuclear Titanium Dioxide successively announced that they would raise their titanium dioxide sales prices based on the existing sales prices. Among them, the sales prices for domestic customers were raised by 500 yuan/ton, and the export prices for international customers were raised by 100 USD/ton.
The improvement in demand is the main reason supporting the rise in titanium dioxide market prices. CITIC Construction Investment analysis believes that with demand support, titanium dioxide is expected to enter a strong upward cycle in 2021. In the short to medium term, supply and demand will maintain a tight balance in 2021; in the long term, supported by titanium concentrate and orderly capacity expansion, as well as an increase in the concentration of leading companies, the price center is expected to remain near the historical median, with reduced cyclical fluctuations. Huachuang Securities pointed out that titanium dioxide prices continue to rise, and the "golden March and silver April" are even more worth looking forward to. This institution expects a larger price increase in the "golden March and silver April" of 2021. The titanium dioxide market is currently in a stage of capacity upgrading, focusing on 2021, with the resonance and repair of domestic and foreign demand expected to continue to raise titanium dioxide prices, among which the global shortage of titanium concentrate will further drive this trend.
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Key words: tengxian titanium dioxide, titanium dioxide, rutile, titanium dioxide manufacturers, anatase titanium dioxide, titanium dioxide manufacturers, anatase titanium dioxide, rutile titanium white
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Address: Teng County, Guangxi Chemical Industry Zone