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The influence of RMB devaluation on the titanium market

July 27 2018      Source:ruidow

Keywords:titanium market

Since May, titanium dioxide market has gradually weakened, after all, the traditional off-season (June-August months), coupled with strict environmental protection, downstream coating enterprises shut down seriously, resulting in the titanium market stability, but the actual downfall operation is more common. Although the mainstream titanium dioxide manufacturers, led by longmon billionws have announced the increase product prices at the end of June, many factories and dealers are hold wait-see attitude. Although they intend to protect their prices, the reality is that they are difficult to implement.

Based on the insipid sales situation, titanium dioxide enterprises are more stringent on cost control.Ruidow daily price data show that the price of titanium ore market has declined since May, and the average price of domestic imported titanium ore in July has been reduced by 70-100 yuan / ton compared with May.

In terms of cost, the RMB continued to depreciate against the dollar in the last two months, from 6.35 in May to 6.8 today, so that the cost of importing titanium concentrate by domestic merchants will be increased by 80-120 yuan per ton. However, the quoted price of the imported titanium ore is still at a high level, and only a few foreign businessmen have dropped 10 USD .

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