At the beginning of August, the enthusiasm for the price increase of titanium dioxide remained unabated, and companies such as Pangang Group, Titanium Technology, Panzhihua Tianlun Chemical and other companies issued price increase letters. Similar to July, whether the companies that are the first to announce price increases can trigger the collective price increase in August still requires continued attention.
This price increase was initiated by small companies. At the end of June and early July, more than 10 domestic small and medium-sized enterprises announced the first price increase. The reason for the price increase is also very simple. It is impossible to continue to sell at a loss. More than 10 days after small companies announced the increase, leading companies finally announced price increases, and then many large and medium-sized titanium dioxide companies followed up. In fact, a week ago, some companies and some of the best-selling brand products had already been sealed. At that time, many people predicted that this was a precursor to the announcement of a big company's rise, and the only suspense was how strong and firm the companies with inventory pressure would implement after the announcement. In fact, from titanium dioxide companies to downstream users, all believe that the titanium dioxide market may pick up in July and August. After all, the previous price was too low, and it is also true that most companies are losing money, and downstream users do not think that this state can continue stably.
