Headlines
From 25 Sept. to early Oct. 2020, TiO2 manufacturers announced to raise TiO2 prices by RMB500/t-RMB1,000/t domestically and USD80/t-USD150/t globally, representing the fourth round of TiO2 price hike in H2 2020.
In recent years, China's chemical industry has been growing fast but the subdivided sector of chemical new materials still waits for further development.
Lomon Billions plans to increase capital of USD88.92 million (RMB602.87 million) in its subsidiary, Lufeng Xinli; the company is going to establish joint ventures, Henan Billions Baiao New Material Technology Co., Ltd. and Panzhihua Heju Vanadium Titanium Resources Development Co., Ltd.
In late Sept., Anhui Province publicised the Recognition Measures for Chemical Park Zones in Anhui Province, which is aimed to optimise the layout of chemical industrial parks within the province.
In mid-Oct. 2020, several coating enterprises announced their performance estimation in Jan.-Sept. 2020. Net profit of Asia Cuanon, BNBM Group and Jointas Chemical is predicted to increase YoY during the reporting period.
In late Oct., ivory board enterprises successively announced their price adjustment and most of them raised ivory board prices by USD44.25/t (RMB300/t), following enterprises of art paper,offset paper, copy paper, white board and specialty paper.
A large growth has been seen in export volume, probably because countries and regions that are populous, fast-developing and COVID-19 hit-hard, resorted to China's TiO2 products that were more practical. Given that the prices of China's TiO2 products are rising, CCM believes that overseas demand may keep strong in Q4.
According to data from the China Customs, in Q1-Q3 2020, China's imports of ilmenite grew by 21.97% YoY.
In Oct. 2020, domestic TiO2 enterprises raised their quotations successively due to rising costs of raw materials and strong demands. Prices of rutile TiO2 and anatase TiO2 in different regions went up across the board. Domestic TiO2 prices are estimated to grow further.
Table of Contents
Headline
Editor's Note
Column 1 Market Dynamics
Two price rises of TiO2 in Sept. 2020
Brief analysis of chemical industry development status
Added value of chemicals increases by 1.5% YoY in Jan.-Sept. 2020
Billions New Material raises TiCl4 prices twice
Column 2 Company Dynamics
Latest news of Lomon Billions
Anhui Annada releases Q3 2020 quarterly report
Guangdong Ubridge's man-made rutile production line is ignited
TiO2 factory of CNMC (Guangxi) Pgma is upgraded and renovated
Pangang Vanadium Titanium's net profit in Q3 to drop YoY
Anhui Annada's output of rutile TiO2 hits new record high
Lomon Billions plans to build rotor-grade titanium sponge project
Column 3 Political Factors
Anhui issues recognition measures for chemical park zones
Shanghai bans solvent-based coatings
Column 4 Downstream Industrial Information
Several coating enterprises release Q3 2020 performance estimation
Recent domestic papermaking market
Chenyang Group encounters operating difficulties
AkzoNobel builds powder coating factory in Taiwan
Column 5 Import & Export
Overseas demand for China's TiO2 to keep strong in Q4
Imports of ilmenite increase in Q1-Q3 2020
Column 6 Price Update
TiO2 prices increase comprehensively
Transaction prices of ilmenite in some areas in Oct. 2020
