[SMM Analysis] Spot titanium dioxide supply is tight, market waiting for price increases

The market is stable currently. As of last Friday, the mainstream market price of rutile titanium dioxide was 16,200-17,500 yuan/ton; the mainstream market transaction price of anatase titanium dioxide was 15,000-15,500 yuan/ton, flat from two Fridays ago.
According to SMM, compared with the second round of price increases last year, the price increase of Longbai in this round of price adjustment this year has narrowed, but subsequent prices are expected to continue to rise. Learned from a large-scale domestic titanium dioxide salesperson that in mid-to-late March, as end-user companies gradually completed their stocking operations, market transactions slowed down. However, as domestic titanium ore prices continue to run at high levels, titanium dioxide cost support is relatively strong. The construction industry is gradually recovering, end-user demand is relatively stable, and titanium dioxide still has a certain room for growth in the future.
Judging from the recent market transactions, supply orders have declined, and downstream needs time to adapt to the new prices while also promoting their own orders. The purchasing status of large customers is normal, but the demand of small and medium-sized customers is relatively weak. Considering that the downstream demand is recovering, it is expected that the titanium dioxide market will be strong in the future.