On the first working day of 2022, the leading titanium dioxide enterprise Gpro Titanium Industry Co.Ltd(000545) announced that the sales price of anatase and rutile titanium dioxide of the company would be increased by 1000 yuan / ton for various Chinese customers and 150 dollars / ton for various international customers on the basis of the original price.
Previously, Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Guangdong Huiyun Titanium Industry Co.Ltd(300891) and other listed companies announced that the sales price of various models of titanium dioxide would be increased by 1000 yuan / ton from January 1, 2022.
According to the latest quotation data of business agency, on December 11, 2021, the quotation of rutile titanium dioxide was 19500 yuan / ton. According to the above price increase, the quotation of rutile titanium dioxide will return to 20000 yuan / ton.
increase product price source: company announcement
Gpro Titanium Industry Co.Ltd(000545) said that the company will closely track the price trend and supply and demand changes of titanium dioxide in the international and Chinese market, and timely adjust the price of titanium dioxide products. The product price adjustment will have a positive impact on the overall performance improvement of the company. At the same time, the board of directors of the company reminded investors that the impact of this price increase on sales volume is uncertain, and the duration of the new sales price is uncertain, so there is a risk that the product price will continue to fluctuate.
Previously, Lb Group Co.Ltd(002601) , Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Guangdong Huiyun Titanium Industry Co.Ltd(300891) and other listed companies have announced to increase the sales price of various models of titanium dioxide from January 1, 2022.
Among them, Lb Group Co.Ltd(002601) is the earliest initiator of this round of price increase. The company announced on the evening of December 13, 2021 that from January 1, 2022, the sales price of various models of titanium dioxide (including sulfuric acid titanium dioxide and chlorination titanium dioxide) of the company will be increased by 1000 yuan / ton for various Chinese customers and 150 dollars / ton for various international customers on the basis of the original price.
Since then, Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) , Guangdong Huiyun Titanium Industry Co.Ltd(300891) have followed up. The increase range is that the sales price of Chinese customers is increased by 1000 yuan / ton and that of international customers is increased by 150 US dollars / ton.
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) in the price increase announcement on the evening of December 14, 2021, it is pointed out that the overall increase in the sales price of the company’s main products will help further improve the company’s sustainable profitability, improve the company’s market position and influence, and is expected to have a positive impact on the company’s operation.
According to the latest quotation data of business agency, on December 17, 2021, the quotation of domestic anatase titanium dioxide was 18500 yuan / ton. On December 11, 2021, the quotation of rutile titanium dioxide is 19500 yuan / ton. This quotation has decreased compared with the “golden nine and silver ten” period. Previously, affected by the increased demand of downstream real estate, automobile and other industries, the quotation of domestic anatase titanium dioxide and rutile titanium dioxide reached 19800 yuan / ton and 21300 yuan / ton respectively in October 2021.
performance is greatly expected
Anhui Annada Titanium Industry Co.Ltd(002136) the performance forecast for 2021 was disclosed on the evening of January 4, 2022. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be RMB 169 million to RMB 202 million, with a year-on-year increase of 160% – 210%. The reason is that during the reporting period, the main product titanium dioxide market was in a boom cycle, the product price increased significantly year-on-year, the production and sales of titanium dioxide exceeded a new high, and the operating revenue and operating performance increased significantly year-on-year. The iron phosphate market continues to boom, and the product supply exceeds the demand. The 50000 T / a battery grade iron phosphate expansion project is completed and put into operation on schedule. The output, sales volume, operating revenue and profit of iron phosphate have increased significantly year-on-year.
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) and Lb Group Co.Ltd(002601) previously released the annual performance forecast for 2021, and the lower limit of net profit growth is expected to exceed 100%.
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) it is estimated that the net profit attributable to the shareholders of the listed company will be about RMB 1.188 billion to RMB 1.426 billion in 2021, with a year-on-year increase of 150% to 200%. During the reporting period, the market of rutile titanium dioxide, the company’s main product, was in a boom cycle, the product supply was in short supply, and the sales price increased significantly year-on-year.
Lb Group Co.Ltd(002601) it is estimated that the net profit attributable to shareholders of listed companies will be about RMB 4.577 billion to RMB 5.722 billion in 2021, with a year-on-year increase of 100% to 150%.
According to the Research Report of Everbright Securities Company Limited(601788) , the price of raw and auxiliary materials in the upstream of titanium dioxide increased greatly in 2021. As of October 2021, the annual average import price of China’s titanium concentrate was US $309.52/ton, a year-on-year increase of 46.6%. Lb Group Co.Ltd(002601) it has its own capacity of titanium ore and titanium chloride slag, forming a whole industry chain pattern from titanium ore mining and beneficiation to the processing of high titanium slag, rutile and other raw materials, and then to titanium dioxide by sulfuric acid method, titanium dioxide by chlorination method, sponge titanium and other products; In 2021, the company’s production capacity of 500000 tons of titanium chloride slag in Panxi was put into operation, further ensuring the supply of titanium dioxide raw materials for chlorination process, effectively avoiding the price risk of raw materials, and promoting the significant growth of the company’s net profit.
(China Securities Journal)
