Following the price increase letter issued by international titanium dioxide giants fannengtuo and Connors on February 25, Kemu, another international titanium dioxide giant, also announced the price increase on February 28. According to the price increase letters of these enterprises, the price increase range is up to $400 / ton, and the price increase time is from April 1.
In this regard, institutions generally expect that Chinese titanium dioxide enterprises are expected to follow up. The reporter asked a number of titanium dioxide enterprises for confirmation. These enterprises responded that there was no price increase action and plan in the short term.
China will not raise the price temporarily
Overseas titanium dioxide giants have raised prices, and institutions generally expect Chinese titanium dioxide enterprises to follow suit. Affected by this, A-share titanium dioxide concept stocks rose sharply on February 28. As of the close, the wind titanium dioxide index rose 3.28% Anhui Annada Titanium Industry Co.Ltd(002136) intraday limit, closing up nearly 7% Guangdong Huiyun Titanium Industry Co.Ltd(300891) , Baoji Titanium Industry Co.Ltd(600456) , Gpro Titanium Industry Co.Ltd(000545) closed up more than 4%.
Anhui Annada Titanium Industry Co.Ltd(002136) Securities Department staff told reporters that they have noticed the news of the price rise in the overseas titanium dioxide market. At present, the company has no price rise action, but the overseas price rise is good for the company. “On the one hand, the price rise of titanium dioxide in China depends on the implementation of the price rise of overseas giants, on the other hand, it depends on China’s demand. Both sides should refer to it.”
Lb Group Co.Ltd(002601) Securities Department staff told reporters that the price rise of overseas giants is beneficial to the company.
“If the company increases the price, it will be beneficial to the company’s profits; if the company does not increase the price, it will be beneficial to seize the overseas market share.” The staff of the above Lb Group Co.Ltd(002601) Securities Department said, “the company has a special price committee, which will regularly formulate price adjustment plans according to market changes and demand, and will also make announcements according to the adjustment plans. At present, no price change plan formulated by the price committee has been received. The company still implements the quotation in January.”
price is high
According to the latest quotation data of business agency, at present, the average price of titanium dioxide in China is 20800 yuan / ton, a slight decrease of 0.24% compared with the average price of 20850 yuan / ton at the beginning of the month.
Titanium dioxide analysts of business society believe that the spot price of titanium ore market rises, the price of sulfuric acid continues to rise, and the cost support performance is strong. At the same time, export orders performed well, and international titanium dioxide enterprises fannengtuo and Connors sent a letter to increase the price of titanium dioxide. With the superposition of positive factors, the titanium dioxide market is expected to be stable and good in the short term.
Zhuo Chuang information titanium dioxide analyst Tian Xiaoyu told reporters that at present, the price of titanium dioxide in China is at a high level in recent five years. By the end of February, the operating rate of titanium dioxide industry was 84.39%, and the capacity utilization rate of the industry in February was 81.81%, which was a high level in recent six months. The overall market situation in March was optimistic.
The reporter learned that the direct downstream of titanium dioxide is coating, plastic and paper enterprises, and the largest end customers are mainly real estate and automobile enterprises. The prosperity of titanium dioxide market is highly related to the real estate and automobile industries. In the future, the market trend of titanium dioxide will largely depend on the overall demand of these two industries.
“The price rise of overseas giants is beneficial to China’s titanium dioxide overseas export enterprises, and China’s demand is cautious and optimistic as a whole.” Many interviewees told reporters.
