Titanium dioxide prices remain stable on high cost [SMM analysis]

The trading in the downstream market is weak. On April 7, the mainstream transaction price of rutile titanium dioxide in the market was 16,000-17,500 yuan/ton, which is the same as a week earlier.
According to SMM, Yunnan miners were subject to environmental inspections and mine operations were restricted. In addition, the price of ore remained high and the cost of beneficiation plants was high. The downstream market was basically stable. Last week, the price of titanium concentrate (TiO2 ≥ 46%) in Panxi area was adjusted upward. The mainstream market quotation was 2,280 yuan/ton-2,300 yuan/ton. However, due to the high price of titanium ore, downstream companies were cautious in purchasing, and the cost pressure of downstream titanium dioxide companies increased. Considering that titanium dioxide companies have a large number of orders on hand recently, the spot titanium dioxide market is relatively tight, and titanium dioxide companies have little inventory pressure. The prices of titanium dioxide from various companies remained stable.
The trading in the downstream market was weak, and downstream customers' purchases are mostly on demand. SMM expects that the titanium dioxide market will be temporarily stable in the short term.