Reasons for the Rise in Titanium Dioxide Prices
Since Lonmon Group announced an increase of 300 yuan/ton on January 21, eight manufacturers including Annada, Yibin Tianyuan, and Guangxi Jinmao have successively announced increases, ranging from 300-500 yuan/ton. This price increase happened nearly 10 months after the last domestic price adjustment. It is also the longest interval and smallest increase since the second half of 2020. At this point, the titanium dioxide price market has stopped falling and rebounded.
Some industry analysts believe that the reasons for this price increase are as follows:
1. Since November, the number of producers in Southwest China, East China and other regions has increased, the operating rate has declined, the inventory growth rate has slowed down, the producers' inventory positions are low, and the overall supply in the trading market has declined;
2. The inventory of channel dealers and downstream is low. It coincides with the Spring Festival. The stocking and hoarding operations instantly cause supply tension, and the order scheduling and delivery are very common;
3. The raw material cost support and the low price level have made many producers have a hard time for a long time. They are also psychologically impatient for price increases. The weak market has lasted too long, and the mood for price increases is strong;
4. Affected by the tight supply, Panxi titanium concentrate traders also have a strong willingness to be strong, and the recent increase is 30-80 yuan/ton
