Titanium dioxide price market analysis (4.21-4.25)

In late April, the titanium dioxide trading market was slightly weak, and a few manufacturers in the price market had a small decline. There were some low-price rumors during CHINAPLAS, and after the exhibition, The overall trading market atmosphere changed slightly, with a weakness of 100-500 RMB/ton. There are also two situations for customers: one is to meet rigid needs, because the early raw material reserves are relatively small, and the purchase plan is arranged immediately after the price is finalized; the other is that their own orders are weak, and they are just watching the price market and are not in a hurry to purchase. Compared with the previous wait-and-see situation, although the market situation is more complicated, after the latest price policies of a few manufacturers were introduced, the supply-side order volume increased slightly, but customers were more likely to suppress prices, and the overall demand atmosphere was still relatively weak. The peak season is almost a foregone conclusion. The first price inflection point of titanium dioxide will appear in 2025, and the weak market will start.

The prices of raw materials such as titanium ore and sulfuric acid have fallen slightly, but the decline is not large. The costs of titanium dioxide producers have gradually fallen, and there are also conditional price adjustments. Although it is the price sensitive period of late April and early May, the current situation is that the prices of major large producers are stable, and other producers have made small adjustments based on their actual conditions. The overall price market is relatively chaotic. The supply side faces great pressure and has a slight inventory, but producers still maintain a high operating rate. They first adopt mass production to flatten the cost, and then limit and stop production after a long time. The phased response strategy is still relatively clear.

Under the complex and changeable external environment, the price market of titanium dioxide has basically weakened accordingly, and the general trend is clear. Because of the sluggish downstream demand and poor order situation, market participants are pessimistic about the future market. In addition, the prices of some producers are falling and the competition in the industry is fierce. Both supply and demand sides need to switch to a weak mode. Judging from the current market situation, the general trend is difficult to stop. First, price cuts cannot solve demand, and second, it will make the demand side more cautious. In fact, it is normal for the titanium dioxide market to fluctuate every year. Don't treat it as the end of the world. There is still a small wave of holiday stocking before Labor Day. This week happens to be the best time. Although it is not ideal, there is still demand.