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    Home > Coatings News > Paints and Coatings Market > Anning iron titanium production line maintenance profit decline in the second half of 2020

    Anning iron titanium production line maintenance profit decline in the second half of 2020

    • Last Update: 2021-04-23
    • Source: Internet
    • Author: User
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    Recently, Anning FeTi answered relevant questions at the performance briefing.
    The company sold 280,000 tons of titanium concentrate in the first half of the year and 270,000 tons in the second half of the year.
    The low profit in the first half of the year was due to the year-end overhaul of the production line based on the sharp increase in prices.
    In addition, the Panjiatian Iron Mine's technological transformation and expansion project is a technological transformation of the mining system implemented to ensure a stable supply of raw ore.
    After the project is completed, the company's mining capacity will reach 9 million tons/year.
    The company's ilmenite concentrate sales scale is the largest in China.
    With its leading position in the ilmenite concentrate market, the company has strong bargaining power in the ilmenite concentrate market.
    The company will also lead the multiple price increases in 2020.
    According to the company’s sales model, the next month’s contract price is set in the current month and the contract is signed with the customer, the relevant contract is executed the next month, and the third month is settled according to the delivery situation and the customer’s acceptance.
    Therefore, there is a certain lag between the settlement price and the market price.
    At the same time, the sharp increase in the price of titanium concentrate in 2020 began in October, and the price impact for the whole year is relatively small.
    Titanium concentrate is one of the bulk raw materials.
    The price of the product is affected by many factors and is difficult to predict.
    The company only looks at the operating conditions of downstream customers, and the market will improve in 2021.
    The company's downstream customers, titanium dioxide manufacturers and vanadium-titanium steel companies have seen good sales this year, and their products are in short supply.
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