Titanium dioxide is an important inorganic chemical pigment. The upstream raw material is titanium concentrate, and the downstream is widely used, including coatings, automotive paint, medicine, food and other industries. The price of upstream titanium concentrate rose by 53% from June 2020 to February 2021. Downstream coatings and automotive paints are major application areas of titanium dioxide. In 2020, the national commercial housing sales area will be 1.761 billion square meters, a year-on-year increase of 2.6%;

 

There is a clear upward trend in automobile production. Affected by the increase in the price of upstream titanium concentrate and the expansion of downstream demand, the price of titanium dioxide rose. From September to December 2020, the price of titanium dioxide rose from 13,820 yuan/ton to 16,600 yuan/ton at the end of December, an increase of 20%.

 

On March 10, 2021 major manufacturers issued an announcement that the sales price of various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) was increased by 1,000-1,500 yuan/ton for various domestic customers on the basis of the original price. All types of customers will be raised by US$150-250/ton.

 

As titanium concentrate is still in a state of insufficient supply, the price continues to rise, which will cause the price of titanium dioxide to continue to increase.