Titanium dioxide external demand market is strong, domestic demand market remains weak (4.21 Titanium Weekly)

April 22, 2022

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1.1. Market price analysis of titanium series

Titanium

This week, some titanium ore market prices continued to decline. So far, the transaction price of 46.10 titanium ore from small and medium-sized manufacturers is 2220-2280 yuan/ton, 47.20 ore is quoted at 2450-2550 yuan/ton, 38.42 titanium ore is not The quotation including tax is 1550-1600 yuan / ton; downstream titanium dioxide enterprises are under pressure, the domestic titanium ore market is running weakly, new orders in the market are deserted, and the price of 10 ore continues to fall; Yunnan titanium mine price this week is also around 50 yuan / ton Down, the market transaction price is 1850-1900 yuan / ton, the titanium ore market is stable; with the completion of the environmental inspection in Chengde area, the market will gradually resume, and the price of Chengde titanium ore is firm.

The imported titanium ore market is rising at a high level. As of now, the price of Australian titanium ore has been raised by US$10/ton, and the market quotation is US$460/ton. The price of Kenmare 50 titanium ore has been raised by US$30/ton, and the market quotation is US$480/ton. 49 mines are temporarily not quoting, and Vietnam's imported mines are also temporarily not quoting; according to customs data: in March 2022, the amount of imported mines returned to China was 135,000 tons, down 50.81% from the previous month. up.

Titanium slag

This week, the high-titanium slag market is running smoothly. This month, the bidding price of high-titanium slag ordinary slag in the north is 9,900 yuan/ton, and the quotation for low-calcium-magnesium high-slag slag is more than 11,000 yuan/ton. The slag cost support is strong; the downstream market demand is stable, the high-slag enterprises have good transactions, the spot inventory is not much, and the market price remains stable.

The price of acid residue in Yunnan has been lowered. As of now, the ex-factory price including tax in Sichuan is 6,060-6,250 yuan/ton, and the ex-factory price in Yunnan is 5,800-6,000 yuan/ton. The cost of titanium dioxide is under great pressure, and the price of some raw materials, titanium ore, has gone down. Weak, the market price of acid residue is weak.

Titanium tetrachloride

This Thursday, the titanium chloride market maintained stable operation. At present, the market price of titanium tetrachloride is 8500-8800 yuan / ton. The price of raw and auxiliary materials is high. The market is working well.

Titanium dioxide

This week, the titanium dioxide market has maintained stable operation. As of now, the ex-factory price of China's rutile titanium dioxide including tax is 19,500-21,000 yuan / ton, and the ex-factory price of anatase titanium dioxide including tax is 18,000-19,000 yuan / ton; raw materials titanium ore, sulfuric acid Individual prices fell, and the cost pressure of titanium dioxide eased slightly; some titanium dioxide manufacturers resumed construction this week, and the market supply increased slightly, but the overall start-up was still insufficient; the domestic demand market was still weak, and the new orders of titanium dioxide enterprises were not good, under high cost pressure. , the price of titanium dioxide is running strongly; the external demand market is relatively strong. According to customs data, the export volume of titanium dioxide in March 2022 was 145,000 tons, an increase of 42.96% from the previous month, and the export volume reached a record high. Prices of raw and auxiliary materials are still relatively high, and some titanium dioxide prices are close to the cost line. The market is in a wait-and-see mood. It is expected that titanium dioxide prices will remain stable next week.

sulfuric acid

This week, the local price of sulfuric acid in the domestic market is mainly down, and the price reduction range is about 30-210 yuan / ton. As of now, the price of 98% smelting acid in Hunan is 780-890 yuan / ton, and the price of 98% smelting acid in Yunnan is 840 yuan / ton. -900 yuan / ton, the price of 98% smelting acid in Shandong is 820-1000 yuan / ton. Affected by market road transportation control and other factors, the transportation pressure of acid factories in many places is relatively large, and the company's shipments have decreased; recently, there are not many acid companies in the market for maintenance, the market is operating at a high level, and the supply is sufficient; the downstream market is under great cost pressure, and companies have reduced production and stopped production. The market demand has shrunk, and the pressure on sulfuric acid shipments has increased. In addition, as the May Day holiday is approaching, some acid companies are preparing for the reduction of storage in advance, and the price of sulfuric acid has been adjusted downward. It is expected that some prices will continue to decline next week.

Sponge titanium

The titanium sponge market has maintained stability. Currently, the market price of grade 1 sponge titanium is 73,000-85,000 yuan/ton. Some semi-process enterprises have changed to full-process devices. The impact of magnesium ingot price fluctuations on sponge titanium has been reduced, and the supply and demand of sponge titanium market has been balanced. maintain high.

Market outlook forecast:

1. The price of raw materials is high, the cost of titanium ore is under great pressure, and the price decline is limited;

2. Under the pressure of high cost of manufacturers, the price of titanium dioxide is running strongly;

3. The supply and demand of the titanium sponge market is balanced, and the market price remains stable.

1.2. Price comparison of titanium products this week