Titanium Dioxide Orders May Increase After the Festival
The titanium dioxide price market has not yet exited the sensitive period. There are still some manufacturers who have adjusted prices successively, but the price adjustment is much smaller than before, indicating that manufacturers have little room for downside and are reluctant to continue to decline. After several rounds of price adjustments, including large producers, the price market is generally at a low level and continues to be bearish in market trading. Although the prices of various manufacturers are different, under the weak demand situation, the high price level has a callback, and the low price level has limited downward space, and the price span of products at the same level tends to shrink.
At present, the price policy of large producers is still unclear, but the overall price adjustment strategy of the price market basically conforms to the conventional routine. First, some manufacturers try to adjust prices, then wait for the policies of big companies to be determined, and finally some other manufacturers follow up, so after a series of operations, the final market may be unified. Looking back at large-scale manufacturers, on the one hand, their own production, orders, and inventory do not yet meet the conditions for price adjustment. On the other hand, they also have to take care of the Q3 and second half performance reports. Therefore, at this stage, the terminal transaction price is also relatively chaotic.
From the perspective of raw materials, the price of sulfuric acid has fallen, the price of imported ore is firm, and the price of domestic small and medium-sized miners has declined slightly, but the magnitude is not large, and the cost of titanium dioxide producers has not dropped much.
Affected by the epidemic, there are obstacles in logistics and transportation in some parts of the country, and the supply of important production areas and sales areas may decline. Users should prepare goods in advance.
Moreover, the price has been reduced for a long time, and the raw material inventory of end customers is very low. The basic procurement strategy is to meet the rigid demand. Therefore, in the case of purchasing based on sales, it is generally more urgent to ask for goods.
Therefore, judging from the market situation, it is still in an anxious confrontation stage, and the wait-and-see attitude of buying up and not buying down is still very strong. The key point of price in September is to pay attention to the new price policy of large companies. Once the price is determined, the order volume may increase slightly.
