Titanium Dioxide Market Stabilizes with Strengthening Trend, Price Increase Expectations Continue Amid Cost Support [SMM Titanium Spot Report]
[SMM Titanium Spot Report: Titanium Dioxide Market Generally Stable with Slight Rise, Price Increase Expectations Persist Amid Cost Support] SMM December 17 news, China's titanium dioxide market quotations were generally stable today, with the anatase type averaging 12,000 yuan/mt, the rutile type averaging 13,100 yuan/mt, and the chloride process type averaging 15,200 yuan/mt. Following the collective price adjustments by enterprises at the end of November, market prices were generally raised by 200-300 yuan/mt. Sulphuric acid process titanium dioxide was significantly affected by the continuous rise in sulphuric acid prices, leading to a notable increase in production costs. Enterprises' low-priced acid inventory was nearly depleted, and previous orders were completed. Current factory inventory levels are relatively low. On the demand side, domestic demand saw a good release in November driven by exhibitions, while December relied mainly on support from the foreign trade market. Overall, with strong support from the cost side and low inventory, the titanium dioxide market is expected to maintain a generally stable with slight rise trend this month, and price increase expectations persist.
SMM December 17 news, today's domestic titanium dioxide market prices: anatase titanium dioxide quoted at 11,800-12,200 yuan/mt, average 12,000 yuan/mt; rutile titanium dioxide quoted at 12,700-13,500 yuan/mt, average 13,100 yuan/mt; chloride process titanium dioxide domestic quote 14,700-15,700 yuan/mt, average 15,200 yuan/mt.
Since major enterprises collectively issued price adjustment letters at the end of November, the titanium dioxide market prices have been raised by 200-300 yuan/mt overall. Sulphate process titanium dioxide, affected by the sharp rise in sulphuric acid prices, has seen continuously rising production costs. Enterprises have largely depleted their earlier reserves of low-priced sulphuric acid, and most orders signed by the end of November have been delivered, leaving overall factory inventory levels not high. Demand side, the market saw good release driven by industry exhibitions in November, with December demand support mainly from the foreign trade market. This month, the titanium dioxide market is expected to maintain its upward trend with strong cost support, showing a generally stable with slight rise trend.
