Recently, CCM has issued a comprehensive review of the Chinese TiO2 industry in its monthly newsletter, namely TiO2 China Monthly Report. Through the review, CCM hopes that readers can know information about TiO2 market in terms of raw materials, price and TiO2 companies’ dynamics.
The domestic TiO2 price experienced a fluctuating trend in 2012, especially in respect of rutile TiO2. The rutile TiO2 price declined by 8.23% from USD3,051/t at the beginning of 2012 to USD2,800/t at the end of 2012. The anatase TiO2 price declined by 12.7% from USD2,684/t at the beginning of 2012 to USD2,343/t at the end of 2012. At the beginning of 2012, the TiO2 price continued its hiking trend of 2011. Entering March 2012, softening downstream demand took effect and caused TiO2 prices to drop. The implementation of the Vietnamese titanium resources ban worried domestic TiO2 importers and caused them to raise the titanium feedstock price. Raw material cost pressure was transferred to TiO2 producers and pushed up TiO2 prices. However, without the support of downstream consumption, TiO2 prices experienced a downtrend in July 2012.
Faced with the difficulties encountered in its IPO, Nanjing Titanium Dioxide Chemical Co., Ltd. (Nanjing Titanium) and Jinxing Titanium Chemical Co., Ltd. (Jinxing titanium) chose to go public by backdoor listing. Although TiO2 is the third major inorganic chemical in terms of productive value in the world (just listed after synthetic ammonia and phosphate), there are only four listed TiO2 producers in mainland China's stock exchange market, namely Henan Billions Chemicals Co., Ltd. (Henan Billions), Anhui Annada Titanium Industry Co., Ltd. (Annada Titanium), Pangang Group Steel Vanadium and Titanium Co., Ltd. (Pangang Group) and CNNC Hua Yuan Titanium Dioxide Co., Ltd. (CNNC). Some experts have even pointed out that the small number of listed TiO2 producers is constraining the development of the TiO2 industry. The backdoor listings of Nanjing Titanium and Jinxing Titanium are like sparks for this disappointing industry this year. Nanjing Titanium possesses two TiO2 plants with a combined capacity of 130,000t/a and Jinxing Titanium possesses three TiO2 plants (including its subsidiaries) with 115,000t/a total capacity. As listed companies, Nanjing Titanium and Jinxing titanium can raise funds from the public through financial equities, which will reduce their expenses.
Table Contents of TiO2 China Monthly Report 1301:
TiO2 import volume rockets in
in Nov. 2012 China
Imported & domestic titanium feedstock analysis in Nov. 2012
Price update in Jan. 2013
Henan Billions expects a better performance of its TiO2 business in 2013
The CSRC requires applicants to perform strict self-financial verification
CCM conducts new TiO2 research project
SRL achieves excellent performance in 2012
Iluka reports its 2012 performance
World's top 10 paints companies in 2012
PPG's financial performance in 2012
TiO2 China Monthly Report, issued by CCM on 25th, is mainly comprised of five columns of news and reports related to TiO2 market, including “Supply & Demand”, “Company Dynamics”, “Upstream”, “Downstream” and “Price Update”. You can find out more business opportunities through the latest and helpful information provided in the report.
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