Welcome to the March Issue of Titanium Dioxide China Monthly Report.
China Titanium Dioxide Monthly Report will help you stay ahead of the game in this fast-changing market with real-time reporting on the entire TiO2 industry chain, from the upstream ilmenite and titanium slag markets to the downstream pigments, coatings and plastics markets.
Here is the Editor's Note for you to know about the March issue specifically:
Although Lomon Billions Group Co., Ltd. (Lomon Billions) maintained previous quotations, other domestic TiO2 manufacturers successively announced price hikes of USD78.92/t-USD126.28/t (RMB500/t-RMB800/t) in March 2018, including Shandong Jinhai Titanium Resources Technology Co., Ltd., Guangxi Jinmao Titanium Co., Ltd., Panzhihua Taihai Technology Co., Ltd., Panzhihua Tianlun Chemical Co., Ltd., Shanghai Pengbo Titanium Dioxide Co., Ltd. and Qianjiang Fangyuan Titanium Industry Co., Ltd. China's tax-included quotations for both rutile and anatase TiO2 slightly increased, reaching USD2,604.50/t-USD2,841.27/t (RMB16,500/t-RMB18,000/t) and USD2,209.87/t-USD2,336.15/t (RMB14,000/t-RMB14,800/t) respectively.
However, this price rise trend scarcely boosted the market as most of TiO2 manufacturers only received a few orders. This was because:
resellers had cornered abundant products before the Spring Festival and many end-users, instead purchasing ex-works products, mainly made deals with resellers;
stringent environmental protection inspections restrained downstream companies' operating rates, leading to shrinking demand for TiO2.
According to some industrial insiders, present price gas of TiO2 of the same level has broadened to USD236.77/t (RMB1,500/t), a reason for slack sales of expensive products. Large-scale producers, such as Lomon Billions, CNNC Huayuan Titanium Dioxide Co., Ltd. (CNNC TD) and GPRO Titanium Industry Co., Ltd., which have maintained stable operating rates and high quotations, become very cautious about price hike. CCM believes that the overall market demand will increase during March and April, when the weather is much warmer, and strongly support domestic TiO2 prices.
Market dynamics of titanium products in March
Ilmenite factories in the Panxi Area (Panzhihua and Xichang cities, Sichuan Province) have resumed production in March and their quotations have risen by USD7.89/t-USD15.78/t (RMB50/t-RMB100/t) compared with prices before the Chinese Spring Festival.
In March, few transactions of high titanium slag were seed in the market and downstream customers strongly beat down prices. Acid dissolved titanium slag prices edged up thanks to sustaining high prices of electrodes and ilmenite. Moreover, electricity prices climbed up during the dry season, further pushing up production costs of domestic acid dissolved titanium slag manufacturers.
Imports and exports
In Jan. 2018, China's TiO2 import volume sharply increased owing to joint price hikes of Chemours Company and Tronox Limited published in Nov. 2017. However, the export volume declined because many domestic factories halted production for maintenance and overhaul before the Lunar New Year.
Important market dynamics
On 23 March, 2018, Yibin Tianyuan Group Co., Ltd. announced the building of a 50,000 t/a chloride process TiO2 project with self-raised funds, expanding its planned chloride process TiO2 capacity to 100,000 t/a.
On 20 March, 2018, Pangang Group Vanadium & Titanium Resources Co., Ltd. revealed a turnaround from deficit to profit in 2017, as well as an intention to apply for trade resumption in the Shenzhen Stock Exchange (SZSE).
On 19 March, 2018, Lomon Billions announced that it will acquire a 100% stake in Sichuan Anning Tietai Co., Ltd. and had suspended trading from the SZSE.
In March 2018, CNNC TD reviewed its 2017 business performance, pointing out that the TiO2 project undertaken by Gansu Dongfang Titanium Dioxide Co., Ltd. was still under construction.
Titanium Dioxide China Monthly Report is a monthly published newsletter, which can be downloaded in PDF format. The subscription mode for this newsletter is yearly and the subscriber will receive 12 issues per year.
Table of Contents
Column 1 Market Dynamics
Lomon Billions to integrate domestic and overseas resources
Fewer TiO2 capacity expansions in 2018
Several TiO2 producers raise quotations
Column 2 Company Dynamics
Pangang Vanadium Titanium to resume trading in SZSE
Lomon Billions to acquire Sichuan Anning
CNNC TD's 2017 business review
Yibin Tianyuan expands chloride process TiO2 capacity
Jinzhou Titanium raises chloride process TiO2 prices
Lomon Billions predicts sixfold net profit in 2017
CNNC TD's net profit up by 362.06% YoY in 2017
Column 3 Political Factors
Chemical manufacturers under severer environmental protection inspection
MEP: no environmental protection tax on VOCs
Column 4 Downstream Industrial Information
Higher global coating prices to benefit China's TiO2 exports
SKSHU Paint steps in waterproof material market
Furniture coating prices rises
Clariant raises TiO2 quotations
Tianjin and Zhongshan restrain oil paint usage
Column 5 Import & Export
China's TiO2 import volume surges in Jan. 2018
China's ilmenite import volume surges in Jan. 2018
Column 6 Price Update
China's TiO2 price edges up in March 2018