The first rise at the beginning of the year. Is titanium dioxide market in short supply ?

The first rise at the beginning of the year. Is titanium dioxide market in short supply ?

Foreword: Entering 2024, the relationship between supply and demand in the titanium dioxide market will gradually change, the market price will bottom out, and some brands will be "hard to find"?

In mid-December, the foreign trade price of leading enterprises rose by 100 US dollars/ton, the increase in foreign trade demand drove domestic trade demand, the foreign trade and domestic trade orders in the titanium dioxide market increased, manufacturers went to inventory, the price of titanium dioxide stopped falling and stabilized, and the market low price of individual enterprises in the early stage rose by about 200 yuan/ton; At the beginning of January, due to tight inventory, the price of individual enterprises has increased by 100-200 yuan/ton, and the price of new orders of enterprises has been firm. At the beginning of January, the ex-factory price of rutile titanium dioxide including tax was 15,200-15,800 yuan/ton, and the tax-included ex-factory price of anatase titanium dioxide was 13,400-14,000 yuan/ton, as of press time, the ex-factory price of rutile titanium dioxide was 15,400-16,200 yuan/ton, the ex-factory price of anatase titanium dioxide was 13,600-14,200 yuan/ton, and the price of titanium dioxide was 300-500 yuan/ton.

The main reasons for the price increase are as follows: 1. The titanium dioxide export market runs well, and the export cost of titanium dioxide in the Middle East and European countries has increased due to the Red Sea incident and the timeliness is expected to be long-term, coupled with the impact of the EU anti-dumping incident, the export volume of titanium dioxide has increased; The Spring Festival holiday is approaching, enterprises in Guangxi have successively implemented the annual inspection plan, coupled with the impact of environmental protection, power rationing, etc., the supply of titanium dioxide in the market has decreased. According to incomplete statistics by TDD, about 10 titanium dioxide manufacturers in the market reduced production in January, and it is estimated that the output will be affected by more than 30,000 tons, and about 15 companies in the market will reduce production and stop production from January to February, and the supply of some models will continue to be tight; 3. The supply of the raw material of titanium ore is tight, and the price is rising at a high level, taking Panzhihua 46,10 titanium ore as an example, the ex-factory transaction price excluding tax is 2190-2220 yuan/ton, and the price is about 30-50 yuan/ton higher than that at the beginning of the month; Enterprises has received numerous orders that need to be delivered to the beginning of the year, part of the model supply is in short supply on the market, part of the titanium dioxide models of Longbai, CNNC, Annada, Gimpo and other enterprises sealed orders; under the influence of this, the recent leading enterprises terminal price canceled discount. On January 19, Longbai Group sent a letter announced that domestic  titanium dioxide price increased by 700 yuan / ton, the international price increased by 100 US dollars / ton, on January 17, Lubei titanium industry sent a letter to raise titanium dioxide by 500 yuan / ton, and some companies secretly adjusted the price, some companies will follow the letter to adjust the price, and the market price of titanium dioxide began to rise.

Conclusion: The holiday is gradually approaching, the market demand for stocking is becoming more and more intense, the market spot is still tense, some grades are restricted from receiving orders, the titanium dioxide market has a strong price increase sentiment, the market ushered in the first rise of the year, and the price of titanium dioxide is stably upward; However, the domestic economic pressure is still large, the overall terminal demand is weak, and some market participants believe that the rise is relatively earlier than expected, and there may be an early overdraft demand.