Following Ningbo Xingfu, Shandong Daun, and Guangdong Huiyun, the first price hikes in early June, prices of domestic titanium dioxide products have generally risen by 500-1,000 yuan/ton since the beginning of the year, and the industry has ushered in the seventh wave of price increase during the year.
Among them, Sichuan Longxi announced that it will raise the rutile type titanium dioxide LR-972 800 yuan / ton, R-996, LR-997 and other models increased 500 yuan / ton.
Henan Lili Lian also announced today that its chlorination titanium dioxide and sulfuric acid titanium dioxide prices were raised by RMB 1,000/ton and RMB 500/ton respectively. Shandong Dongjia decided to raise the domestic price of rutile titanium dioxide by RMB 500/ton, and the foreign price by 50 US dollars/ton.
According to industry analysis, the current inventory of companies is still relatively low. The overall operating rate of domestic titanium dioxide enterprises is around 70%, and there is little pressure on the market supply.
Data show that the average price of titanium dioxide rebounded last week and rose from 12,750 yuan / ton to 12,830 yuan / ton for the weekend, an increase of 0.63%. Due to factors such as real estate warming and supply-side reforms this year, the price of titanium dioxide has risen. Year-to-date, domestic average prices of anatase and rutile have risen by 15%-25% respectively.
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