 Home > Coatings News > Paints and Coatings Market > Both the volume and price of vanadium and titanium products have risen, and the net profit of Panzhihua's vanadium and titanium products in the first half of the year increased nearly 5 times year-on-year

Both the volume and price of vanadium and titanium products have risen, and the net profit of Panzhihua's vanadium and titanium products in the first half of the year increased nearly 5 times year-on-year

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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Pangang Vanadium and Titanium disclosed its semi-annual report on the evening of August 23, showing that the company's operating income for the first half of 2021 was 7.

The semi-annual report shows that during the reporting period, the company’s revenue growth was mainly due to the increase in sales and prices of vanadium and titanium products over the same period of the previous year; This is due to the increase in sales of vanadium and titanium products, the increase in the price of trade vanadium products, the increase in the price of titanium concentrate, the main raw material for the production of titanium dioxide and titanium slag, and the impact of reclassification

It is reported that vanadium is an important alloying element and is currently mainly used in the steel industry

In terms of production and operation, the semi-annual report shows that Panzhihua Iron and Steel has completed 12,900 tons of vanadium products (calculated as V2O5), an increase of 8.

On the supply side, new capacity is scarce, and the start-up flexibility is limited.

On the demand side, the output and prosperity of titanium dioxide are both increasing, and demand is expected to continue to increase

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