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Recently, the Ministry of Industry and Information Technology responded to the CPPCC proposal that relevant departments are preparing the "14th Five-Year" national reserve development plan, incorporating titanium dioxide into the national strategic resource reserve, and planning to build a titanium dioxide industry standard system
.
Also boosted by this news, the A-share market was moved by the wind.
As of the close of the market on August 27, the WIND Titanium Dioxide Index reached a new high, rising by 1.
96% throughout the day
.
According to a person from a listed titanium dioxide company in Shandong: “The valuation structure of titanium dioxide companies has changed.
With the low-cost advantages of major chemicals, the comprehensive utilization of the entire chain will further explore the value of the company
.
” The
valuation structure changes the
market.
The dazzling judgments of the titanium dioxide industry in the previous section undoubtedly prove that the entire industry is in a business cycle
.
From the perspective of price trends alone, even if the industry is currently in the off-season, price increase letters are flying in like snowflakes
.
When reporters interviewed related listed companies, all parties shared a common point of view, which is that the future will continue to grow steadily
.
From the perspective of industry analysis, there are old-fashioned supply-side reforms and the strong point of view that the strong will remain strong, and there are also recent voices of comprehensive utilization of the industrial chain
.
"The core of the changes in the valuation system lies in the direction of the company's future development.
The leading company, China Nuclear Titanium Dioxide (002145.
SZ), has entered the new energy iron phosphate industry through comprehensive utilization, bringing new enlightenment to the industry.
The logic of price increase has become an old age.
Past events
.
" Some private equityists analyzed this way
.
The view that chemical industry switched to new energy, the seamless conversion of the track and the increase in valuation has also been recognized in the industrial capital.
China Nuclear Titanium Dioxide can be seen in the fixed increase plan in May this year
.
In the company’s fixed increase plan, in addition to replenishment, there are a total of 3 projects.
One is the deep processing project of titanium dioxide, and the other two are the most interesting aspects of the plan.
One is the project with an annual output of 500,000 tons of iron phosphate.
; The second is the water-soluble monoammonium phosphate (water-soluble fertilizer) resource recycling project
.
From the perspective of chemical conversion, the two projects complement each other with titanium dioxide waste acid and waste water, forming a horny potential.
One of the outputs is water-soluble monoammonium phosphate to produce raw materials for power battery cathode materials, fire extinguishing agents, and flame retardants.
Another product, iron phosphate, is the precursor of the cathode material for lithium iron phosphate batteries
.
However, it is worth mentioning that China Nuclear Titanium White Iron Phosphate has not yet been mass-produced at this stage.
Even if it is married to the Ningde era, its products are still in the comprehensive verification stage, and the uncertainty and mass production time are even unknown
.
Lubei Chemical, another company in the industry, has richer resources and advantages than new players such as China Nuclear Titanium Dioxide entering the new energy industry
.
It is understood that the company’s subsidiary Jinhai Titanium now has a sulfuric acid process titanium dioxide production capacity of over 100,000 tons, a sulfuric acid process titanium dioxide production capacity of 100,000 tons under construction, and Xianghai Titanium has a chlorination process titanium dioxide production capacity of 60,000 tons.
Put into production at the end of the year
.
By 2022, the company can form an annual production capacity of 260,000 tons of titanium dioxide
.
Although Lubei Chemical has not yet set foot in lithium iron phosphate and related industries
.
However, the company's controlling shareholder Lubei Group is currently cooperating with a leading domestic lithium iron phosphate manufacturer to establish a joint venture company, and is applying for a 660,000 tons of lithium iron phosphate project
.
In terms of raw materials, the listed company's titanium dioxide device by-product ferrous iron, and iron phosphate can be directly produced from the company’s by-product ferrous iron; there is a 10,000 tons/year lithium carbonate production device in the park, and iron phosphate and lithium phosphate can be directly used for iron phosphate.
For the production of lithium, the park where the company is located has the raw materials needed for the production of lithium iron phosphate
.
"The lithium iron phosphate project is a heavy asset investment.
For every 10,000 tons of production capacity, the capital investment is about 150 million yuan.
The heavy capital investment is the threshold for capital intervention in the new industry.
In addition, reasonable resource matching is also the industry’s Barriers
.
The titanium dioxide industry intervenes in new energy, and once the product verification is achieved, it will break through the original barriers of the industry
.
” The aforementioned business people analyzed in this way
.
New process opportunities appear
The voice of the Ministry of Industry and Information Technology will undoubtedly bring a new shot of stimulant to the industry
.
The aforementioned business people were also very excited after hearing the news.
He said: “The response to this proposal is full of information.
First, it affirms the strategic position of titanium dioxide, and second, emphasizes the support of the new production process
.
”
Titanium dioxide The traditional production processes of the company include sulfuric acid method and chlorination method, of which the sulfuric acid method has been included in the restricted items of the "Industrial Structure Adjustment Guidance Catalog"; the chlorination method requires high quality of raw materials and needs to be imported in large quantities
.
In its reply, the Ministry of Industry and Information Technology also emphatically affirmed the hydrochloric acid extraction method.
As an emerging technology, this process has low requirements for raw material quality, short process flow, low cost, and good development prospects.
However, the process is in the early stage of industrialization and is in environmental protection and product quality , Device operation stability and other aspects need to be improved
.
There are two ways to upgrade the industry, one is the iterative upgrade of new and old processes, and the other is the comprehensive utilization of traditional processes
.
Traditional companies use acidic waste comprehensively, which fits the production process of iron phosphate.
The by-products that are originally distressing come and go, which just form a closed-loop economic advantage
.
According to Shen Meng, an analyst at Southwest Securities, the chlorination method will gradually replace the sulfuric acid method and become the mainstream domestic titanium dioxide production process
.
In this field, Lubei Chemical's technical source of chlorination titanium dioxide is independent research and development.
It has mastered the technology of the core chlorination section, basically solved the problem of oxidation furnace scarring and realized stable operation
.
On the other hand, the Ministry of Industry and Information Technology also included titanium dioxide into the national strategic resource reserve
.
China's ilmenite reserves rank first in the world, and it is also the world's largest producer and consumer of titanium dioxide, with sufficient market supply and strong security guarantee capabilities
.
At present, the National Development and Reform Commission, the Ministry of Finance, the Bureau of Food and Material Reserves, together with relevant departments, are preparing the "14th Five-Year" National Reserve Development Plan.
When determining the "14th Five-Year" National Reserve Product Catalog, they will fully consider the suggestions and in-depth Carry out research and demonstration
.
In the future development direction of the titanium dioxide industry, the Ministry of Industry and Information Technology also expressed the importance of comprehensive utilization
.
The Ministry of Industry and Information Technology stated that relevant state departments are actively promoting the comprehensive utilization of titanium ore resources
.
In the next step, the Ministry of Science and Technology will set up a key special project of "Strategic Mineral Resources Development and Utilization" to study the balanced utilization of valuable elements in vanadium-titanium magnetite and vanadium New technologies and key equipment such as high-efficiency iron separation will promote the development and application of high-value utilization technology of titanium ore resources; our ministry will continue to promote the construction of a comprehensive utilization base of industrial resources in Panzhihua City with relevant departments to effectively improve resource utilization efficiency
.
.
Also boosted by this news, the A-share market was moved by the wind.
As of the close of the market on August 27, the WIND Titanium Dioxide Index reached a new high, rising by 1.
96% throughout the day
.
According to a person from a listed titanium dioxide company in Shandong: “The valuation structure of titanium dioxide companies has changed.
With the low-cost advantages of major chemicals, the comprehensive utilization of the entire chain will further explore the value of the company
.
” The
valuation structure changes the
market.
The dazzling judgments of the titanium dioxide industry in the previous section undoubtedly prove that the entire industry is in a business cycle
.
From the perspective of price trends alone, even if the industry is currently in the off-season, price increase letters are flying in like snowflakes
.
When reporters interviewed related listed companies, all parties shared a common point of view, which is that the future will continue to grow steadily
.
From the perspective of industry analysis, there are old-fashioned supply-side reforms and the strong point of view that the strong will remain strong, and there are also recent voices of comprehensive utilization of the industrial chain
.
"The core of the changes in the valuation system lies in the direction of the company's future development.
The leading company, China Nuclear Titanium Dioxide (002145.
SZ), has entered the new energy iron phosphate industry through comprehensive utilization, bringing new enlightenment to the industry.
The logic of price increase has become an old age.
Past events
.
" Some private equityists analyzed this way
.
The view that chemical industry switched to new energy, the seamless conversion of the track and the increase in valuation has also been recognized in the industrial capital.
China Nuclear Titanium Dioxide can be seen in the fixed increase plan in May this year
.
In the company’s fixed increase plan, in addition to replenishment, there are a total of 3 projects.
One is the deep processing project of titanium dioxide, and the other two are the most interesting aspects of the plan.
One is the project with an annual output of 500,000 tons of iron phosphate.
; The second is the water-soluble monoammonium phosphate (water-soluble fertilizer) resource recycling project
.
From the perspective of chemical conversion, the two projects complement each other with titanium dioxide waste acid and waste water, forming a horny potential.
One of the outputs is water-soluble monoammonium phosphate to produce raw materials for power battery cathode materials, fire extinguishing agents, and flame retardants.
Another product, iron phosphate, is the precursor of the cathode material for lithium iron phosphate batteries
.
However, it is worth mentioning that China Nuclear Titanium White Iron Phosphate has not yet been mass-produced at this stage.
Even if it is married to the Ningde era, its products are still in the comprehensive verification stage, and the uncertainty and mass production time are even unknown
.
Lubei Chemical, another company in the industry, has richer resources and advantages than new players such as China Nuclear Titanium Dioxide entering the new energy industry
.
It is understood that the company’s subsidiary Jinhai Titanium now has a sulfuric acid process titanium dioxide production capacity of over 100,000 tons, a sulfuric acid process titanium dioxide production capacity of 100,000 tons under construction, and Xianghai Titanium has a chlorination process titanium dioxide production capacity of 60,000 tons.
Put into production at the end of the year
.
By 2022, the company can form an annual production capacity of 260,000 tons of titanium dioxide
.
Although Lubei Chemical has not yet set foot in lithium iron phosphate and related industries
.
However, the company's controlling shareholder Lubei Group is currently cooperating with a leading domestic lithium iron phosphate manufacturer to establish a joint venture company, and is applying for a 660,000 tons of lithium iron phosphate project
.
In terms of raw materials, the listed company's titanium dioxide device by-product ferrous iron, and iron phosphate can be directly produced from the company’s by-product ferrous iron; there is a 10,000 tons/year lithium carbonate production device in the park, and iron phosphate and lithium phosphate can be directly used for iron phosphate.
For the production of lithium, the park where the company is located has the raw materials needed for the production of lithium iron phosphate
.
"The lithium iron phosphate project is a heavy asset investment.
For every 10,000 tons of production capacity, the capital investment is about 150 million yuan.
The heavy capital investment is the threshold for capital intervention in the new industry.
In addition, reasonable resource matching is also the industry’s Barriers
.
The titanium dioxide industry intervenes in new energy, and once the product verification is achieved, it will break through the original barriers of the industry
.
” The aforementioned business people analyzed in this way
.
New process opportunities appear
The voice of the Ministry of Industry and Information Technology will undoubtedly bring a new shot of stimulant to the industry
.
The aforementioned business people were also very excited after hearing the news.
He said: “The response to this proposal is full of information.
First, it affirms the strategic position of titanium dioxide, and second, emphasizes the support of the new production process
.
”
Titanium dioxide The traditional production processes of the company include sulfuric acid method and chlorination method, of which the sulfuric acid method has been included in the restricted items of the "Industrial Structure Adjustment Guidance Catalog"; the chlorination method requires high quality of raw materials and needs to be imported in large quantities
.
In its reply, the Ministry of Industry and Information Technology also emphatically affirmed the hydrochloric acid extraction method.
As an emerging technology, this process has low requirements for raw material quality, short process flow, low cost, and good development prospects.
However, the process is in the early stage of industrialization and is in environmental protection and product quality , Device operation stability and other aspects need to be improved
.
There are two ways to upgrade the industry, one is the iterative upgrade of new and old processes, and the other is the comprehensive utilization of traditional processes
.
Traditional companies use acidic waste comprehensively, which fits the production process of iron phosphate.
The by-products that are originally distressing come and go, which just form a closed-loop economic advantage
.
According to Shen Meng, an analyst at Southwest Securities, the chlorination method will gradually replace the sulfuric acid method and become the mainstream domestic titanium dioxide production process
.
In this field, Lubei Chemical's technical source of chlorination titanium dioxide is independent research and development.
It has mastered the technology of the core chlorination section, basically solved the problem of oxidation furnace scarring and realized stable operation
.
On the other hand, the Ministry of Industry and Information Technology also included titanium dioxide into the national strategic resource reserve
.
China's ilmenite reserves rank first in the world, and it is also the world's largest producer and consumer of titanium dioxide, with sufficient market supply and strong security guarantee capabilities
.
At present, the National Development and Reform Commission, the Ministry of Finance, the Bureau of Food and Material Reserves, together with relevant departments, are preparing the "14th Five-Year" National Reserve Development Plan.
When determining the "14th Five-Year" National Reserve Product Catalog, they will fully consider the suggestions and in-depth Carry out research and demonstration
.
In the future development direction of the titanium dioxide industry, the Ministry of Industry and Information Technology also expressed the importance of comprehensive utilization
.
The Ministry of Industry and Information Technology stated that relevant state departments are actively promoting the comprehensive utilization of titanium ore resources
.
In the next step, the Ministry of Science and Technology will set up a key special project of "Strategic Mineral Resources Development and Utilization" to study the balanced utilization of valuable elements in vanadium-titanium magnetite and vanadium New technologies and key equipment such as high-efficiency iron separation will promote the development and application of high-value utilization technology of titanium ore resources; our ministry will continue to promote the construction of a comprehensive utilization base of industrial resources in Panzhihua City with relevant departments to effectively improve resource utilization efficiency
.
