Titanium dioxide industry boom recovery

In 2020, China's Titanium Dioxide market has experienced a double period of ice and fire. With Covid-19 pandemic outbreak and sweeping the world in the first half of this year, the collapse of Titanium Dioxide demand led to a sharp fall in prices. With the epidemic gradually under control, the blowout demand in the second half of the year has made Titanium Dioxide manufacturers raise their prices many times in turn. At the same time, positive changes have taken place in the industry, with steady growth in export demand and new application fields.

 According to customs statistics, in 2020, China's Titanium Dioxide export volume exceeded 1.2 million tons, an increase of about 21%. Among them, China exported about 102000 tons of Titanium Dioxide in December, which is the fifth month since August to achieve the monthly export volume of 100000 tons.

According to the statistics of the General Administration of customs, in 2020, the cumulative import volume of Titanium Dioxide in China was 168300 tons, an increase of 0.71% over the previous year, the cumulative import amount was 478.625 million US dollars, and the cumulative average import price will be 2844.07 US dollars / ton. China's import and export of Titanium Dioxide price difference is huge, the average import price is 47% higher than export price, and the export cargo is usually low-medium grade products.

Professionals believe that from the year-on-year big increase in exports, it can be seen that overseas giants' capacity utilization has reached the limit. It has been a foregone conclusion that demand is bigger than supply in 2021.

If the price in December 2020 is maintained, it is estimated that the domestic apparent consumption of Titanium Dioxide will be about 2.7 million tons in 2021, while the export demand will be about 1.4 million tons.

 In addition, the price of raw material titanium ore is currently at a relatively high level, and the actual price is expected to increase by at least 3% every year in the next 10 years or more. With the support of high cost, the price of Titanium Dioxide in China is expected to rise all the way in 2021.