Export led the Ti market rose significantly

Dec.01 2020      Source:ruidow

Keywords:titanium feedstock

According to the import and export data, the cumulative export volume of titanium dioxide from January to October 2020 is about 999,860 tons, an increase of 24.34% compared with January October 2019 (804,156 tons). China has better controlled the covid-19. Since May, it has fully resumed production, and its economy has stabilized and recovered earlier. It has become the main driving force for the rise of export. Superimposed with the price rise, there is a wave of export rising thrust.

At the same time, both titanium ore and titanium dioxide reached a new high in recent two years. Panxi titanium concentrate was quoted at 2000 yuan / ton, and the actual transaction was 1970 yuan / ton. Active market trading, traders reluctant to sell, speculation atmosphere is strong.

Titanium slag also increased by 300 yuan / ton under the active market atmosphere. At the same time, titanium dioxide theme of the stock, from the beginning of the year to date, the stock price has doubled, the market is bullish.

However, according to the statistics of authoritative Coatings Association, in 2019, the demand for automobile coatings in China will be about 730,000 tons, with a year-on-year decrease of 8.4%. It is estimated that the demand for automotive coatings will be 622,000 tons in 2020

If the terminal recovery is slow in the future, the titanium market will usher in a correction.