Cut-throat competition intensifies, with today's titanium dioxide quotes slightly chaotic [SMM Titanium Spot Cargo Flash Report]

SMM reported on June 23 that today's market quotes for rutile titanium dioxide are in the range of 13,000-14,300 yuan/mt, while those for anatase titanium dioxide are in the range of 12,000-12,800 yuan/mt, unchanged from the previous working day.

Today, the overall market prices remained stable. As the semi-annual period approaches, the market landscape is expected to change, with the current market entering a "sprint phase" and price competition intensifying. Large producers are leveraging their advantages to capture market share with lower prices, forcing small and medium-sized producers to reduce prices, struggling to maintain price differentials, and competing for orders. On the raw material side, prices for titanium ore and sulphuric acid have stabilized at highs. Supported by costs, there is limited room for titanium dioxide prices to decline. In the coming week, price competition may lead to market chaos, increasing survival pressure for small and medium-sized producers. Market participants need to adjust their strategies promptly to cope with the changes.

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