Titanium Dioxide Price Market Still has Two Unknown Factors
Entering the middle of December, titanium dioxide trading market basically did not change much, the demand atmosphere is still not very optimistic, the trading atmosphere is relatively cold, including large producers, the mainstream prices remain low and stable, other producers are also choosing to catch orders, shipments, collections, a few brands because the spot is very tight, the price is still at a high level, and there is still a continuing trend.
For the full liberalization, there is still some anxiety and anxiety in people's hearts, and there is still some hesitation in decision-making. However, a small number of users have opened the Spring Festival stocking plan, which seems to come a little later than in previous years, but this is also releasing some good signals, and we do not rule out that there will be an increase in the trading atmosphere on the occasion of the New Year. It must be said that, according to the current price level of raw materials titanium concentrate, sulfuric acid and titanium dioxide, producers are mostly running on the cost line, even at a loss, upside down and not a few, but in order to meet the supply of existing customers just need to run at low load. Producers in South China and Southwest China have gradually entered the maintenance state, and nearly half of the number of producers have maintenance plans, the overall start-up rate has a downward trend, the actual supply is not sufficient.
By the description of the above market state, producers do not have the need to continue to reduce prices at a loss, but the driving force for price increases is also insufficient, deeply in the state of the game between supply and demand. The good thing is that the epidemic is gradually released from control, no regional restrictions on shipments, logistics is returning to normal, coupled with foreign exports have also slightly improved, the integrated market trading volume has the potential to improve. At this stage, some areas of titanium dioxide chloride producers are relatively tight spot, a few have been scheduled to January next year, the same possibility of a certain probability of upward adjustment.
Supply and demand are in a stalemate game stage, the market still has 2 unknown factors.
1. At the end of the year, with the overlap of Christmas, New Year's Day and Chinese New Year, there is a risk that the rhythm of market trading will be disrupted.
2. The epidemic control is released, the number of infected people around the world may increase, the user's start-up rate has the risk of downside.
