Titanium Dioxide China Monthly Report 1707

Titanium Dioxide China Monthly Report 1707

  • July 2017 •
  • 31 pages •
  • Report ID: 5059845 •
  • Format: PDF
Welcome to the July 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 July issue specifically:

In July 2017, China’s TiO2 price remained weak. The market price of TiO2 rebounded by the end of this month due to tight supply in the Panxi (Panzhihua and Xichang cities, Sichuan Province) area caused by environmental inspections and persistent rain, as well as the price-hike announcement of Lomon Billions Group Co., Ltd. published in early July. Notably, the TiO2 market was still in the slack season and downstream dealers only purchased when the price showed an upward trend. Moreover, a large quantity of TiO2 and ilmenite were imported to China during May and June. Therefore, domestic large-scale TiO2 producers could barely sell their products at high prices. Given this, they raised quoted prices to reduce stockpiling at the timing of environmental inspections. CCM is of the opinion that large-scale producers will finish production for domestic orders in early Aug. and maintain current prices until Sept. and Oct., the traditional peak season of TiO2 market. On the other hand, other companies will adjust their quoted prices according to the market, thus China’s TiO2 price will remain low in a short term.

Market dynamics of titanium products in July 2017

Ilmenite China’s ilmenite price slightly fell in July, while the downward trend began to stop due to environmental inspections in the Panxi area.

Titanium slag

This month, the price of high titanium slag slightly fell and then remained stable. Although the ilmenite price declined in early July, the profit of high titanium slag manufacturers maintained low triggered by high costs on electrodes. Few transaction were made in China’s acid dissolved titanium slag market this month. As the price slide of ilmenite stops and the price of electrodes climbs, the production costs on acid dissolved titanium slag will further grow, so the price may remain steady due to limited profits.

Imports and exports

In May 2017, both China’s TiO2 import and export volumes significantly increased MoM. TiO2 importers, holding positive attitude towards the market, provided more orders in March and April. Given this, the import volume of TiO2 in May substantially grew. In terms of exports, domestic mainstream TiO2 enterprises further focused on overseas orders as China’s TiO2 market enters slack season.

Important market dynamics

On 14 July, 2017, Pangang Vanadium Titanium released its H1 2017 half-year financial forecast, revealing a net profit of USD54.59 million–USD66.40 million (RMB370 million–RMB450 million), up by 144.26% MoM–153.83% MoM.

On 12 July, 2017, Lomon Billions published a revised forecast of its half-year financial performance in H1 2017, revealing a net profit of USD191.82 million–USD206.57 million (RMB1.30 billion–RMB1.40 billion), up by 1,728.06% YoY–1,868.79% YoY.

On 4 July, 2017, Guangdong Huiyun announced that the company will start IPO and list on the GEM.

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.

Description
China Titanium Dioxide Monthly Report provides you with real-time intelligence on China’s titanium dioxide (TiO2) market.

China’s titanium dioxide market is at a crossroads. As growth in the wider economy slows, Chinese TiO2 manufacturers are faced with slowing domestic demand, massive overcapacity and falling prices.

Big changes are underway as producers struggle to deal with this ‘new normal’. M&A activity is accelerating, and many companies are attempting to improve their product quality to become more competitive in the international market. Meanwhile, others are struggling to adapt to China’s tightening environmental regulations.

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.

This includes:
• Breaking news from China and abroad
• The latest market data, including price information for raw materials, intermediates and end products, import/export data, production, consumption, operating rates, etc.
• In-depth analysis of market trends, Chinese government policy, the performance of leading Chinese producers, M&A, new technologies, and more
• Expert commentary from industry insiders, including regular guest articles and interviews with insiders at leading Chinese manufacturers, associations and government organizations