The titanium dioxide market is in the doldrums, whether enterprise price adjustments can boost sentiment remains to be seen [SMM Titanium Spot Flash]

SMM August 26 News:  

SMM August 26 News, SMM titanium dioxide index price was 14,327 yuan/mt; rutile titanium dioxide price closed at 13,000-15,000 yuan/mt, with an average price of 14,000 yuan/mt, down 300 yuan/mt from the previous working day; anatase titanium dioxide price closed at 12,000-13,000 yuan/mt, down 700 yuan/mt from the previous working day; chloride process titanium dioxide price closed at 15,300-17,000 yuan/mt, flat from the previous working day.

Today, the titanium market sentiment remained in the doldrums. On the supply side: the overall operating rate of the titanium dioxide industry was relatively high, most enterprises maintained production, few voluntary production cuts, overall inventory pressure was relatively high, and supply was abundant. Due to differences in product quality and production costs among enterprises, the price spreads among various types of titanium dioxide were large, and there was a small amount of low-priced supply in the market. On the demand side: downstream only maintained purchases for essential needs, and the market wait-and-see sentiment was strong. There was a general optimism about the traditional peak season from end-August to September, with expectations of market improvement. Moreover, a few enterprises issued price adjustment letters today, and this signal could also be key to boosting market sentiment. However, actual transactions have not yet validated this. Although prices are near the bottom, there is significant resistance to a rebound. In the short term, the market is likely to remain in the doldrums.