Chinese Titanium dioxide price continues to rise in May

Take the rutile Titanium Dioxide produced by sulfuric acid process with large volume in domestic market as an example, the price of Titanium Dioxide rose further this month. At the beginning of the month, the average price of domestic Titanium Dioxide was 20266.67 CNY / ton, and at the end of the month, the average price was 21566.67 CNY / ton. The price rose by 6.41% in the month.

 According to customs data, in April 2021, China's export of Titanium Dioxide was about 107200 tons, a year-on-year increase of 21.63% and a month on month decrease of 15.52%; The accumulated export volume from January to April was about 435100 tons, a year-on-year increase of 5.78%, and a year-on-year increase of 23800 tons from January to April 2020.

In April 2021, China's import of Titanium Dioxide was about 18700 tons, with a year-on-year growth of 52.05% and a month on month growth of 15.64%; The total import from January to April was about 65300 tons, with a year-on-year increase of 31.46%, and the import volume from January to April 2020 was about 15700 tons.

At present, the upstream titanium ore continues to be tight, the price is high, and the demand of TiO2 Market in foreign countries is stable. The overall inventory of Titanium Dioxide market is low, but the domestic downstream high price orders is slightly contradicted, the transaction price is more than a single discussion, in the short term, the supply side is strong, the demand side conflicts, and the titanium dioxide price is still strong between supply and demand game.