[SMM Express] the titanium dioxide market has risen again, and the titanium dioxide plate is up more than 5% today.

Today, the titanium dioxide plate rose more than 5%. By the end of the day, the plate closed at 904.14, up 5.21%. Huiyun titanium industry and Anada rose by the daily limit, while Jinpu titanium industry, medium nuclear titanium dioxide and dragon python rose. In November last year, the titanium dioxide plate rose sharply, rising from 808.17 at the end of October to 1046.69 in late November, the highest point since February 2018, but then gradually spit out the increase, since January this year, the plate continued to fall for four consecutive days, but today's rally makes the plate basically recover from yesterday's sharp decline.

Recently, the price of titanium dioxide set off another round of rise. Anada announced on the evening of January 11 that according to the rising prices of raw and auxiliary materials and the domestic and international market demand for titanium dioxide, the company decided to raise the sales prices of its main products from January 12. The domestic sales prices of rutile titanium dioxide and anatase titanium dioxide are all increased by 500 yuan / ton, and the export price is increased by 100 US dollars / ton. Huiyun titanium industry also issued an announcement on the same day, raising the company's titanium dioxide sales price on the basis of the existing titanium dioxide sales price. Among them, the sales price of domestic customers increased by 500 yuan / ton, and the export price of international customers increased by 100 US dollars / ton.

Titanium dioxide is an important inorganic chemical pigment, which is mainly composed of titanium dioxide. The production process of titanium dioxide includes sulfuric acid method and chlorination process, which has important applications in paint, ink, papermaking, plastic and rubber, chemical fiber, ceramics and other industries. The price of titanium dioxide has continued to rise since June last year.

Under the influence of high cost of titanium ore, good export situation and other factors, a number of titanium dioxide enterprises began to adjust their prices at the end of 2020, and the titanium dioxide market ushered in a new round of price increases. Zhongtai Securities believes that on the cost side, the tight supply of titanium ore has led to sustained high prices. Large domestic titanium ore factories began maintenance in December, coupled with the recovery of Panzhihua titanium ore, resulting in a reduction in the supply of titanium ore; on the other hand, imported ore sources have reduced production due to production by overseas mainstream miners, and prices continue to rise. On the supply and demand side, due to the seasonal weakening of the domestic titanium dioxide market, factory inventories have rebounded this week, while the export market is still good, with abundant orders on hand, and titanium dioxide prices are expected to maintain an upward trend in the short term.

Looking forward to next year, Sino-Thai Securities believes that the titanium dioxide market in 2021 is expected to maintain the boom, the supply side, the domestic titanium dioxide new capacity of about 400000 tons, taking into account the long climbing time of the chlorination process, the actual output may be less than this value. On the demand side, the normalization trend of the epidemic situation abroad is obvious, which has an impact on overseas supply, and the expected export volume is still relatively optimistic. With the arrival of the housing completion cycle in China, it is expected to boost the demand for titanium dioxide.