TiO2 market analysis weekly updates, 4th week May 2021

Keyword: Dull

There aren’t many differences with the last week, except the shippment and exchange rates.
Read this:

Zhou Chengjun, director of the People’s Bank of China’s (PBOC) Finance Research Institute, says the rate has to be determined by global market participants.- China’s yuan near 2-month high as Fed, Biden stimulus drag on dollar

Shenzhen’s Yantian Port suspends acceptance of heavy export containers after COVID-19 cases.

1. The Chinese central bank is more likely to free the CNY/USD exchange rates, which means, the under estimated CNY value will gradually exposed to the free international market. Not has to mention that the USD is even getting weaker after the pandemic. The exporters in China now is looking forward to a enter a New era of 5.xx CNY/USD rates.
2. The shippment shows no sign of ease. The jam and container shortages keep still. And the rates for far ocean routes is getting crazy. The freight to west africa is reaching 10k USD, to South America it is chasing after.

To the market of tio2, it is dull, but we can still smell the intentions of turning arround is getting stronger.
The difficulty of shipment makes the both the manufacturers and exporters suffering, because the products jam at port, which means the money flow is getting slower and slower. And with the influence of the exchange rates, the pressure may out of our imagination.