Following the first round of collective price increases in the titanium dioxide industry in early February, the titanium dioxide industry has recently started a new round of collective price increases.At present, the price increase in the titanium dioxide industry is roughly the same, with an increase of 1,000 yuan (ton price, the same below) for various domestic customers and an increase of US$150 for various international customers.
In February, the market orders increased sharply, the inventory of manufacturers was low, and the prices of raw material titanium ore and sulfuric acid rose, and the titanium dioxide export market this year was in good shape. The titanium dioxide market ushered in two consecutive rises in the first year.
Since July 2022, the market demand for titanium dioxide has been sluggish, and prices have declined accordingly. Affected by high costs and operating losses, most manufacturers have stopped production and reduced production, resulting in a decline in market supply capacity. At the beginning of 2023, the downstream enterprises of titanium dioxide are expected to be better, the demand for stockpiling goods will increase, and the new orders will be sufficient. In addition, various favorable economic policies will continue to be introduced and implemented, and the downstream market demand will recover rapidly. Therefore, the company will issue a price increase announcement. After the current round of price increases, the company’s titanium dioxide segment has improved its profitability, but small and medium-sized manufacturers are expected to still be at a loss.
Post time: Mar-23-2023
