Demand drives Chinese Titanium Dioxide enterprises to increase price intensively

Recently, Lomon Billions and other Titanium Dioxide producers have started a new round of price adjustment. Driven by market demand, the price of Titanium Dioxide continues to rise.

In recent two weeks, Titanium Dioxide rose fiercely further. On the 11th, Lomon Billions announced that from now on, the sales price of various types of titanium dioxide (including sulfuric acid process titanium dioxide and chlorination process titanium dioxide) will be increased by 1000 CNY / ton for domestic customers and 150 US dollars / ton for international customers on the basis of the original price. Since the end of March, with Huiyun Titanium Industry taking the lead in price increase, the Titanium Dioxide market has started a new round of price increase since this year. Up to now, more than 20 producers, such as CNNC titanium dioxide, Jinpu titanium industry and Lomon Billions, have announced to increase the price of titanium dioxide.

Concerning the price information, mainstream producers have basically maintained a price increase of 1000 CNY / ton for domestic market and 150 US dollars / ton for international market. Among them, some manufacturers in Southwest China sent letters twice, with a total increase of 2100 CNY / ton. The two letters were only ten days apart.

Titanium dioxide is one of the main products of titanium coating industry chain. Mainly used in plastics, coatings, paper, ink, chemical fiber, cosmetics and other industries. Western Securities Analysis pointed out that in April, the rising price of titanium dioxide was fierce, because the raw material titanium ore increased too much. Small and medium-sized factories mainly purchased titanium ore, which was influenced by the price of raw materials. In addition, the current market demand was relatively strong, so manufacturers take orders first and then produce it accordingly. From the perspective of this round of price adjustment, we can basically conclude that the market continues to be high and upward.