Less than 4 months have passed since the last price increase, today (December 6) Longbai Group, a leading titanium dioxide company, issued another price adjustment letter, and industry insiders ridiculed that this was "a thunder in winter".
Longbai Group announced that from January 1, 2024, the company's various types of titanium will be raised by 100 US dollars to various international customers on the basis of the original price.
It is understood that since 2023, the titanium dioxide industry has started 5 rounds of price increases, all of which were fired by Longbai Group, and other companies followed suit.
Longbai Group announced price increases on January 31, February 28, April 11, July 25, August 24 and September 19.
Longbai Group's titanium dioxide has accumulated 4700-4900 yuan tons in China, and 800 US dollars in overseas countries.
Longbai Group is the only large-scale titanium dioxide production enterprise in China with both sulfuric acid and chlorination production processes, and its main product titanium dioxide production scale is the first in Asia and the fourth in the world, with an annual production capacity of 600,000 tons of titanium dioxide.
The titanium dioxide industry looks at Longbai, and generally Longbai Group announces a price increase, and other titanium dioxide companies will follow up one after another.
As of press time, we have not seen other titanium dioxide companies follow the rise, of course, it is not ruled out that a price increase letter will be issued before the year.
If this price increase forms a trend, it will be the seventh concentrated increase in the titanium dioxide industry this year.
Titanium dioxide companies continue to increase the price of products, on the one hand, it shows that the cost is increasing, and on the other hand, it can also reflect the increasing demand.
Industry insiders said that most titanium dioxide manufacturers have more orders in hand for domestic and foreign trade, and the situation of short supply will prompt manufacturers to raise prices again before the year.