SMM April 8 update:
TiO2 Market: Prices Continued to Rise, Strong Cost Support
China's TiO2 market prices continued their upward trend. Mainstream quotations for anatase TiO2 were 13,800-14,200 yuan/mt, with an average price of 14,000 yuan/mt, unchanged from the previous working day. Rutile TiO2 quotations were 15,000-16,500 yuan/mt, with an average price of 15,750 yuan/mt, up 100 yuan/mt from the previous working day. The SMM China TiO2 Index stood at 15,760 yuan/mt, up 70 yuan/mt from the previous working day.
Today, multiple TiO2 enterprises successively raised their quotations by 500-1,000 yuan/mt, with some enterprises closing orders and holding back from selling, and bullish sentiment was strong in the market. Sulphuric acid prices continued to rise, with factories increasingly holding back from selling, and the cost side provided strong support for TiO2 prices.
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