The overall titanium dioxide market in 2022 was stable and weak, and the price fell sharply. Looking to 2023 titanium dioxide market, Tuo Duo data management Department titanium analyst Qi Yu believes that in the context of the expected improvement of the global economy, the share of the international market of titanium dioxide in China will increase, at the same time by the high price of raw titanium, tight market supply and other influences, titanium dioxide market or better this year.
The price trend may be “M” shape
Yan titanium industry analyst Yang Xun pointed out that, based on the operation law of titanium dioxide industry and domestic and foreign demand, the price trend of titanium dioxide in 2023 or “M” type. Specifically, this year, prices may rise from January to June, prices fall in the off-season from July to August, prices rise again in the peak season from September to November, and prices show a weak correction trend in December.
Yang Xun believes that this year, the titanium dioxide market with the optimization and adjustment of the domestic epidemic prevention and control policy will be a high-speed recovery state, but also will form a strong promotion of the real estate industry.
Another factor affecting the titanium dioxide market is industry capacity. As the price of titanium dioxide rises, the previous loss of titanium dioxide producers may have the possibility of resuming production, superimposed titanium dioxide new capacity gradually released, domestic supply will be guaranteed. But at the same time the recovery of domestic titanium dioxide demand and the expansion of export of foreign titanium white will affect the market price in our country titanium white. From the current point of view, after the Spring Festival titanium dioxide market more open, the continuity of the first quarter of the price rise is better.
Qi Yu held the same point of view. From the perspective of the supply side, the release of new capacity of titanium pink powder this year will ensure that the supply side is guaranteed. From the perspective of demand, with the adjustment and optimization of my country’s epidemic prevention and control policy, the demand for titanium pink at home and abroad will increase. At the same time, the main downstream industries of titanium pink are the real estate and automobile industry. From the perspective of the development prospects of these industries, the steady titanium pink market is normalized.
It is expected that my country’s titanium pink market in 2022 to 2026 is in a slight growth trend, and consumption will reach 2.92 million tons in 2026.
Raw material shortage high price
The main raw materials of titanium dioxide production are titanium concentrate and sulfuric acid. Among them, titanium concentrate as a resource product, the future output will be less and less, so the market supply will be in a long-term tense situation, the price will remain high.
Industry insiders believe that in 2023 by the release of titanium dioxide capacity, titanium resources are relatively tight and other multiple impacts, titanium dioxide prices will be high. The main reason for the increase in titanium dioxide price is that the production of the mainstream titanium ore import countries has declined sharply this year, such as Vietnam titanium ore affected by the policy, Ukraine titanium ore affected by the war, resulting in a significant reduction in titanium dioxide imports. At the same time, the new production capacity of titanium dioxide is released more, and the supply of imported titanium ore is tight. Under the influence of these two factors, this year’s titanium ore price will continue to run high, thus supporting the price of titanium dioxide upward.
Both sides of supply and demand are recovering strongly
According to the statistics of the Secretariat of the Titanium White Powder Industry Technology Innovation Strategic Alliance and the National Chemical Productivity Promotion Center, in 2022, my country’s titanium -white powder industry 43 full -process enterprises titanium pink production achieved a good results, and the total output of the entire industry was 3.914 million tons. Industry insiders pointed out that although the influence of my country’s titanium pink industry was affected by the epidemic and market in the second half of the year in the second half of the year, the overall output of titanium pink powder increased due to the release of the new production capacity of titanium pink powder last year.
This year, the output of titanium pink may continue to increase. According to Bi Sheng, Secretary -General of the Titanium Bai Fan Innovation Alliance and director of the Titanium White Branch Center, this year Yunnan, Hunan, Gansu, Guizhou, Liaoning, Hubei, Inner Mongolia and other regions will have new titanium white powder capacity. The release of new capacity is expected to increase the overall output of titanium pink powder this year.
Yang Xun said that with the strong domestic economy in 2023, most titanium pink manufacturers may increase the operating rate, and some new production capacity has gradually released. It is believed that it can meet domestic and foreign demand, especially the demand for overseas markets.
From the perspective of demand, Yang Xun said that the main downstream of titanium pink powder includes coatings, plastic, ink, papermaking and other industries. With the optimization and adjustment of the epidemic prevention and control policies and the implementation of related support policies, the recovery of the demand for terminal demand at home and abroad The coating industry will usher in retaliated rebound in 2023. In addition, in the fields of plastic, cosmetics, medicine, new energy, nano, the demand for titanium pink powder will also be prominent, and consumption will also grow at high speed.
In terms of exports, Yang Xun is expected to remain smooth this year. People in the industry also generally believe that with the increase of China’s titanium pink powder in the international market, the export market will continue to maintain a stable situation in 2023.
Post time: Feb-16-2023