Market overview on the first week of April, 1st-7th, April

Market overview on the first week of April, 1st-7th, April

Titanium Ore

This week, the transaction price of small and medium titanium ore market fell slightly. Up to now, the transaction price of small and medium-sized titanium ore 46,10 is 2300-2350 yuan / ton, 47,20 ore is quoted at 2450-2550 yuan / ton, 38,42 titanium ore is quoted at 2450-2550 yuan / ton The quotation excluding tax is 1550-1600 yuan / ton; recently, the titanium ore market in Panxi area has been deserted, and the downstream titanium dioxide market demand has decreased, and the cost pressure of enterprises is relatively high. There is no pressure on the inventory of small mines and large factories, and some small factories are under great inventory pressure, reducing production and running, and the titanium ore market is under-operated. The market price of titanium ore in Yunnan and Chengde areas remained stable, the market transaction atmosphere was not high, and the market price of titanium ore remained strong.

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China TiO2 market overview Mar.2022

China TiO2 market overview Mar.2022

Minerals

Inquiries in the titanium ore market were deserted this week, and the quotations of some small and medium-sized miners fell slightly. As of now, the transaction prices of 46,10 titanium mines of small and medium-sized manufacturers are at 2400-2480 yuan / ton, and the quotations of 47,20 mines are 2550-2650 yuan / ton. 38,42 The price of titanium medium ore excluding tax is 1650-1700 yuan / ton; the titanium ore market is stable as a whole, the supply of raw material medium ore is high and the price is high, and the market is under-operated; the recent market has been affected by the public health incident, many downstream manufacturers The transportation of raw materials is difficult, the market demand for titanium ore has declined, and there are not many new orders in the market. Some miners are panicked, the market quotation has declined, and the transaction price has fallen. At the end of the month, the environmental protection team settled in the Chengde area. Titanium ore manufacturers are in a state of suspension. There are not many new orders in the market. Some manufacturers have placed orders in the early stage until the end of April. Chengde market price is strong.

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TiO2 Price Index reached a new high.

TiO2 Price Index reached a new high.

According to Tio2.pro, The TiO2 index increased 2.5% to 3219 this week.TiO2.pro
On 09th March. The LB group announced the increasing for 150USD/MT, driven by the raw masterial cost rising and the market needs increasing. Raw material is at high level constantly pressuing the TiO2 industry, but with the price increasing, the confident is recovering. Which was considered as a response to recent up increasing trends leaded by Kronox, Tronox and chemours.
With the price reaching a new high, the market is getting more hesitant to purchase, but with the hot season coming, the needs will certain turn to orders even if in a high ground.

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Kenmare: Production of all products increased significantly in 2021

Kenmare: Production of all products increased significantly in 2021

The production of heavy mineral concentrate (HMC) in 2021 is 1.5559 million tons, an increase of 30% compared to 2020 (1.2011 million tons). This was due to the relocation of WCP B to the high-grade Pilivil belt in the third quarter of 2020, resulting in a 19% increase in ore grade to 4.63%. The increase in HMC’s production also benefited from a 14% increase in the volume of ore mined.
Volumes of all products increased in Q4 2021 compared to Q4 2020, thanks to higher HMC processing. Production of ilmenite in Q4 2021 is 246,000 tonnes, a 12% increase compared to Q4 2020 and above the 4% increase in HMC processing. This is due to increased recoveries and a drop in intermediate magnetic reserve in Q4 2021. Zircon sand concentrates performed similarly, with an 11% increase in production.
2021 was a record year for cargo volumes, with 1,285,300 tons of cargo shipped. This was a 51% increase from fiscal 2020 (853,100 tonnes), reflecting improved transshipment capacity, lower finished goods inventories and higher production. Cargo also benefits from increased transshipment capacity due to previously completed upgrades. Shipments during the year included 118.69 tonnes of ilmenite, 52,900 tonnes of zircon sand, 3,700 tonnes of rutile and 41,800 tonnes of medium tailings.
Higher average prices for all products in FY21, a momentum that continues into H1 2022 due to strong demand for Kenmare products and low ilmenite stocks in the global supply chain.

Table: Production output and forcast

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Africa's first titanium dioxide plant is scheduled to be completed and put into operation in 2023

Africa's first titanium dioxide plant is scheduled to be completed and put into operation in 2023

A few days ago, South Africa Nyanza Light Metal Mining Company announced that it will invest 4.5 billion rand (about 280M USD) to build Africa’s first titanium beneficiation plant and produce titanium dioxide. It is expected to be completed in 2023 with a production capacity of 80,000 tons/year.
The construction site of the project is located in the Richards Bay Industrial Zone in KwaZulu-Natal Province. The first phase is a technical service center and a pilot plant worth 200 million rand, and the second phase is the main factory. In addition to the 80,000 tons of titanium dioxide per year, other titanium-based materials will be produced from titanium slag.
South Africa imports up to 35,000 tons of titanium dioxide each year, while the data for the entire Africa exceeds 150,000 tons. In order to build the titanium dioxide project, Nyanza hired Intertek, a well-known testing and certification company earlier, to make the first titanium dioxide project in Africa famous, thereby transforming South Africa from direct export of ore to deep processing of mineral products.

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Is it the last radiance of the setting sun? LB followed the increase trend.
TiO2 analysis on 3rd Dec. 2021 by ICIS
The coming 2022 was set to start from a higher ground.

The coming 2022 was set to start from a higher ground.

After Kronos’ announcement in 02nd Nov, on 17th Venator announced the 400USD/MT increase in asia pacific region since 1st Jan. 2022. And today, TRONOX announced the 350USD/MT increase in the same region.
At the meanwhile, the Chinese suppliers is quiet and easy. Some of them lower their price a little, but most of the suppliers kept their price still. In a whole view, the price is stable. But now, the dealers’ stock is not abundant. If the output comes into a shortage, the price will jump quickly.

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TiO2 market analysis in the mid of Nov.2021

TiO2 market analysis in the mid of Nov.2021

In the early of this month, KRONOS announced 400USD/MT price increase effect from 1th Jan. 2022.
Our analysist thinks it was more like a late response to earlier market increasing. With the restriction of Memorandum of Cooperation(MOC), the increasing pressure was passed to next year. But more importantly, the global shortage of chloride process tio2 is a strong pillar stone to the price increasing.

But to the Sulphate process products, it is another story. After the increasing wave in late of Oct.2021, the market is far more weaker than expected. After breaking the record time again and again, the market finally calms down a little bit. And people are waiting to the ChinaCoat2021, and expecting a drop after that.

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Analysis of Titanium Dioxide Production in October 2021

Analysis of Titanium Dioxide Production in October 2021

According to Toodudu.com, in October 2021, China’s titanium dioxide output was 323,800 tons, an increase of 7.90% month-on-month and a decrease of 0.34% year-on-year. The total output from January to October 2021 was about 3,143,400 tons, an increase of 10.63% year-on-year, and the output increased by about 302,100 tons from the same period last year.
The top three regions in October output were Sichuan, Shandong, and Anhui, which accounted for 22%, 15%, and 12% of the total output;
In October, due to restricted gas in Panzhihua, the output of individual manufacturers decreased slightly, but the overall impact was not significant; manufacturers in other regions resumed production, and the overall output of titanium dioxide increased in October. In early November, some large plants were overhauled, and some companies’ power curtailment was eased, but it was still affected. New production capacity was released in November. It is expected that the output of titanium dioxide in November will increase slightly compared with October. Weak, the market price of titanium dioxide will weaken steadily.

Source:tdd_tai

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