[SMM News] long Python raises the price of titanium dioxide

Longpang Bai Li (002601) announced on the evening of June 8 that since July 1, 2021, the sales prices of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) have been increased by 500RMB / ton to all kinds of downstream customers on the basis of the original price.

The price increase comes only one month after a number of overseas companies have announced an increase in the price of titanium dioxide. Starting from July 1, Como will increase the price of all specifications of Ti-Pure titanium dioxide purchased in Greater China by 200USD (about 1276 yuan / ton). Konos (KRONOS) also announced that from July 1st, the company will increase the price of all titanium dioxide products by at least 250,220,300 US dollars (about 2000 yuan / ton). In addition, pan-energy (Venator) announced an increase in the global price of all titanium dioxide (titanium dioxide) pigments used in paints, plastics, inks and paper from July 1.

It is reported that the price of titanium dioxide rose many times after the year due to the strong demand downstream and the rising cost of raw materials. According to SMM data, the average price of anatase titanium dioxide was 19250 yuan per ton on June 8, an increase of more than 30% in the past six months and more than 60% over the same period last year.

In addition, the surge in exports has contributed to a sustained improvement in demand. China's titanium dioxide exports have increased steadily in the past five years, and the outbreak of the epidemic has also contributed to the increase in exports. The export volume in 2020 reached 1.21 million tons, an increase of 21% over the same period last year.

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Titanium dioxide is closely related to economic consumption. As the epidemic situation at home and abroad improves and the economy begins to recover, consumption will rise further. Benefiting from this, the demand side of titanium dioxide is still supported by continuous demand, and it is expected that there is still room for further development.