Titanium dioxide market analysis:

Mid-June has passed, and the titanium dioxide price market is still in a period of stability after weakness. Manufacturers without room for price adjustment have basically maintained stability, and those who can adjust prices have adjusted prices. The purpose is to keep the main large-scale manufacturers adjusting prices at the same frequency and grab a wave of rigid demand orders. Judging from the recent market operation, the space and motivation for manufacturers to continue to decline are insufficient, and there will not be much change in the short term. The lack of downward space is mainly reflected in the fact that the prices of raw materials titanium ore and sulfuric acid are still not obviously weak enough, and the cost pressure of manufacturers is not small. According to the current price level, most manufacturers are on the verge of loss or even upside down. Some manufacturers have joined the army of production restrictions or suspensions, and the overall operating rate of the production end has declined again. This is truly a life-and-death autumn.

It happens to be June, and the half-year is about to come. Most manufacturers are preparing for the half-year report card. This week's market is relatively stable, and in order to rush for the half-year next week, the price market may upgrade to a chaotic state, which is known as the sprint stage. The low prices of the main large-scale manufacturers basically rub other manufacturers on the floor, and downward pressure has become a routine operation. In order to maintain a reasonable price difference and grab rigid demand orders in the market. Therefore, the short-term future price may present a price adjustment mode of "high-level decline + main force stabilization + other fine-tuning". This weak and stable price policy has greatly slowed down the weakness and prolonged the weak cycle. The supply side is not so uncomfortable and the demand side is more acceptable.

Affected by the overall environment, the demand market is still not good at this stage. The supply side is under the dual pressure of high raw material costs and continued weak demand, which is difficult. Under this situation, the supply and demand market is still in a state of oversupply. The trading market still needs a period of operation to adjust the balance of supply and demand, either to stimulate demand or to continue to reduce the industry's operating rate. It seems that the latter is more likely to happen.