Titanium Dioxide: Demand Recovery, the Market is Positive
Looking ahead to 2023 titanium dioxide market, in the context of the expected improvement in the global economy, China's titanium dioxide share of the international market will increase, while the high price of raw materials titanium, tight market supply and other influences, this year's titanium dioxide market or to improve.
Industry insiders believe that in 2023 by the release of new titanium dioxide production capacity, titanium resources are relatively tight and other multiple influences, titanium dioxide prices will run high. The main reason for the rise in titanium dioxide prices is that this year, the production of mainstream titanium ore import sources have declined significantly, such as Vietnam's titanium ore by the policy, Ukraine's titanium ore by the impact of war, which led to a significant reduction in imports of titanium dioxide. At the same time, titanium dioxide new production capacity release more, the supply of imported titanium ore is more nervous. These two factors, this year's titanium ore prices will continue to run high, thus supporting the upward movement of titanium dioxide prices.
As the price of titanium dioxide has improved, the previous loss of titanium dioxide manufacturers or the possibility of resuming production, coupled with the gradual release of new titanium dioxide production capacity, the domestic supply will be safeguarded. But at the same time, the recovery of domestic demand for titanium dioxide and the expansion of foreign exports will affect the price of China's titanium dioxide market. From the current point of view, the titanium dioxide market after the Spring Festival favorable start, the continuity of the price increase in the first quarter is better.
From the supply side, the release of new production capacity of titanium dioxide this year will make the supply side has some protection. From the demand side, with the adjustment and optimization of China's epidemic prevention and control policy, domestic and foreign demand for titanium dioxide will be improved. At the same time, the main downstream industry of titanium dioxide is the real estate, automotive industry, from the perspective of the development prospects of these industries, titanium dioxide market steady to good will be the normal trend.
