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China Coatings Network
: Due to positive demand in the off-season, the recent
of titanium dioxide
slightly weaker market. At present, the mainstream factory price of gold-redstone titanium dioxide is about 11,000 to 11,500 yuan/tonne, down 1000-1200 yuan/tonne, or 7.9% to 10%, compared with the high of 12,000-12,700 yuan/tonne in May.
From June on, titanium dioxide began to secretly reduce prices, to July is a sharp price reduction, the main reason for the decline in prices is the weakness of downstream demand, "this year's downstream
coatings
production growth and titanium dioxide export growth rate have declined." For the after-market, he believes that before September, titanium dioxide prices still have room for a small decline, and September and October for the traditional peak demand season, so it is expected that prices will rebound, November to December will maintain a volatile trend.
the price of titanium dioxide bottomed out in late January this year began to rise, initially rising non-mainstream sharp titanium type, and then by mid-March, the mainstream redstone type titanium white powder also began to rise. The rise in the price of titanium dioxide has also formed a favorable support for the performance of the listed companies. On the evening of July 19, 002601.SZ (002601.SZ) announced its 2015 half-year results, reporting a net profit of RMB46.578 million, up 301.3% YoY. The company said the increase was mainly due to lower raw material prices and increased sales of titanium dioxide.
addition, the company's 9 billion yuan acquisition of industry leader Sichuan Longyu Titanium Co., Ltd. not only made headlines in the industry, but also shocked the entire capital market. In this regard, China Titanium White Powder Industry Association Secretary-General Yang Yuande believes that the merger of the two enterprises will help to reduce production costs, while more funds invested in product development and technology upgrading, which can enhance the competitiveness of The Union and the entire Chinese titanium dioxide industry.
