The Titanium Dioxide Market Improved in May
In mid-May, the overall titanium dioxide price market is weak and stable. The situation varies among producers, basically belonging to the polarization, some producers on-hand orders up to June, especially foreign trade orders accounted for a relatively large, part of the producers are under pressure to take orders, but the overall production supply-side inventory has still not yet been established. The price market shows that the main large producers stabilized, other producers fell slightly, the overall price range of the same level of products slightly widened. Such a slight adjustment is also a return to value, on the other hand, also reflects that the supply side of the producers really can not drop. This is mainly the battle between production costs and the demand market, production and profitability pressure is huge, the overall weak and stable state.
The major titanium dioxide concept stock producers are declining in the first quarter net profit year-on-year, this invariable consistency reflects some of the conditions of the titanium dioxide market, listed companies are still so, visible overall industry and other producers more vulnerable pessimistic. Nonetheless, the producers originally to the low price wrestling market concepts and operations are changing, some by regulating the start-up rate to control supply, such as the recent operation of some producers to reduce production by 50% and stop production for 10-20 days, etc., to control supply and promote stable market also seems more rational.
Similar to the situation in the early part of the season, the overall demand situation is not ideal, but the overall supply side of the order intake slightly eased. Mainly because the previous positive expectations are strong, downstream customers have different degrees of stocking, after a certain amount of digestion in April, May or a certain amount of demand release, so to some extent, the demand market in May or better than before.
