Jinan Yuxing Chemical Co., Ltd. Affiliated to China National Chemical New Materials Co., Ltd., it is a tertiary company under China National Chemical Corporation, the largest comprehensive chemical manufacturer in China. It is also one of the most modern manufacturers of sulfuric acid titanium dioxide manufacturers in the Asia-Pacific region. This TiO2 factory has more than 50 years of experience in the development and manufacture of titanium dioxide, and the “Shengsheng” brand titanium dioxide is well-known at home and abroad.
Yesterday, some parts of the domestic rutile, anatase titanium dioxide new single price to maintain stability, titanium dioxide factory normal, more delivery of early orders, spot shipping pressure is small; And the buyer just needed to buy a few days ago. Downstream manufacturers are currently watching the latest execution price.The key factors affecting the current market price change1. Inventory: Low inventory of mainstream producers, mainly delivery of pre-contract orders, is expected today's spot inventory is still low, mainstream factories before the holiday spot tension.2. Mentality: the buyer has to prepare goods in advance, and the new order price is slightly less willing to purchase in bulk; Sellers due to the lack of inventory, manufacturers have no willingness to reduce the price of sales in the market of new orders just need to buy more.Trend: The load of titanium dioxide enterprises is stable, the willingness to ship at low prices is not strong, and the downstream buyer's early orders continue to digest, and the acceptance of the purchase before the holiday is acceptable. It is expected that the market of titanium dioxide just needs to be closed today, and it is concerned about the new execution price of the mainstream factory.
The second quarter of 2022 saw mixed market sentiments for titanium dioxide prices. Due to demands, constrained supply and ineffective production capacity brought on by the stretched supply chain, labour shortage, and high energy prices, the production of the chemical increased in Q2 of 2022. Moreover, the US Federal Reserve's tight monetary policy and high interest rates worsened the domestic trade picture, which at quarter's conclusion supported titanium dioxide's unfavourable market views.