From January to September of 2020, the comprehensive output of the whole industry reached about 2.4 million tons, and the total output for the year is expected to reach about 3.4 million tons, an increase of 4.0% year-on-year.
While the domestic market environment is gradually improving, the export data also maintains a good momentum. From January to August 2020, the cumulative export volume of titanium dioxide was close to 780,000 tons, a significant year-on-year increase of 18.36%. It is expected that the total export volume for the year will exceed 1.2 million tons, setting a new historical record. To be sure, the export to the international market is still a very important factor supporting the prosperity of titanium dioxide in the latter part of this year and in the future.
As the price of titanium ore continues to run at a high level, the current price of titanium ore in Panxi has reached 298 usd/ton (EXW & not VAT), causing the production costs of major domestic titanium dioxide producers to continue to increase, forcing titanium dioxide producers to continuously adjust their Product prices, coupled with the renewed large-scale outbreak of the global new crown virus, has caused overseas shipping prices to continue to skyrocket, which has caused the domestic titanium dioxide CIF prices to continue to rise, further reducing the price gap with international titanium dioxide suppliers. In addition, due to RMB since the second half of this year Continued appreciation, these reasons have had a certain impact on the export of titanium dioxide in early 2021, so we remain cautious about the export situation in early 2021.
OKCHEM is the strategic partner of several main TiO2 factories in China. The brands of TiO2 covered in our distribution project include CNTi, Ruichem, Milson, Haifengxin and Global. Click here to check more.