The titanium dioxide market continues to improve with two consecutive increases in the beginning of the year

After a month, domestic titanium dioxide companies have once again announced that due to the international and domestic titanium dioxide market and recent raw material costs, they will comprehensively raise the prices of their products from March 1st. At the end of January to early February this year, domestic titanium dioxide companies initiated their first price increase of the year, with the same magnitude as this increase. The consecutive price increases have also fueled the performance of titanium dioxide in the stock market. As of the close on March 1st, the titanium dioxide sector as a whole rose 1.52%.

Why does titanium dioxide frequently increase in price? Industry insiders say that on the one hand, it is a positive expectation for the industry. With the optimization of epidemic prevention and control policies, the national economy will enter a period of high-speed recovery, and the overall market situation will definitely be better than last year. On the other hand, the cost of titanium dioxide is high. Based on the price level before the price increase, combined with the cost of upstream titanium concentrate and sulfuric acid and other raw and auxiliary materials, the vast majority of domestic titanium dioxide producers are struggling on the profit and loss line, including major large producers who have also experienced inverted operation, and manufacturers have a strong desire for a rise.

With the two consecutive increases at the beginning of the year, the domestic titanium dioxide market has ended its previous weak period, and market demand continues to improve. This also confirms the speech of Meng Lingjun, Chairman of Cris, at the 2023 annual conference, "2023 is a year of great development and rapid rebound for enterprises." Since the beginning of the year, Cris has lived up to expectations, with continuous signing of contracts and full firepower from the domestic and foreign trade sales departments. Since January, orders have achieved a year-on-year high-speed growth, fully sprinting towards a new journey in the Year of the Rabbit.

As a technology-based company specializing in the entire titanium industry chain, Cris has been deeply involved in the titanium dioxide industry for more than ten years. Not only does it have global titanium industry chain resources, but it also has independent research and development capabilities, with products covering 90% of the application market. Our main products include high whiteness and low oil absorption plastic titanium dioxide RP-35; Titanium dioxide RC-90 for coatings with high whiteness and high blue phase; Denitration titanium dioxide A-C-2 with a narrow specific surface area range and low impurity content; Chemical fiber titanium dioxide HWA-S1 with uniform particle size distribution and excellent dispersion performance. In the future, Cris will continue to adhere to scientific research and innovation, and continuously provide excellent products and high-quality services to the world!