Date of distribution: March 10th, 2021
After the price increase announced by several major suppliers of titanium dioxide in international market for Q2 at the end of February, a number of domestic titanium dioxide suppliers announced price increases this week ushering in a new round of price increases in the domestic titanium dioxide market.
As titanium dioxide accounts for a large proportion in the titanium industry, the rising in price of titanium dioxide in this round is leading the price upward for all titanium products in the industry. The rising price of titanium dioxide may directly lead to an increase in the price of titanium ore and other raw materials, and further lead to the cost rise and price increase for other products. In due consideration of the current macroeconomic environment, under the new round of easing policies led by the United States, the prices of various resource products such as steel and non-ferrous metals have been going up. Generally, this economic environment is conducive to promoting product prices. This short-term market will continue to operate at a high level in the future.
Source: Beijing Ruidow Information Technology Co., Ltd.
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