According
to CCM's
investigation, China produced a total of approximately 925 thousand tonnes of
TiO2 in H1 2013, a YoY fall of 1.28% compared with 937 thousand tonnes in H1
2012. In H1 2013, the domestic TiO2 price declined by more than 12%, due to the
weak export conditions and the sluggish downstream demand. This caused some
producers to reduce or halt production.
At
the end of June 2013, TiO2 producers were still burdened by high inventory
levels. However, the sluggish market condition has provided giant TiO2
producers opportunities to expand their market share through low price
strategies. This has forced some small producers out of the market, which
further accelerates the integration within the industry.
At
the same time, market share of the top five domestic TiO2 producers was 37.57%
in H1 2013, a 6.22% increase from H1 2012. This is primarily due to the
launching of Sichuan Lomon's new project and the integration of CNNC Titanium,
which have correspondingly raised their TiO2 capacities.
The
top TiO2 producers have consolidated their places in the industry by increasing
their output during H1 2013. Sichuan Lomon ranked first with an output of more
than 100 thousand tonnes in H1 2013, compared with the output of 86 thousand
tonnes in H1 2012. Sichuan Lomon acquired 300,000t/a of new TiO2 production
capacity after its Xiangyang project went into operation in the beginning of
2013. The Xiangyang project largely increased Sichuan Lomon's TiO2 output in H1
2013. Shandong Dongjia ranked second with an output of approximately 75
thousand tonnes, a YoY increase of about 10%. CNNC Titanium leapfrogged Henan
Billions and ranked third, with an output of 63 thousand tonnes after
integrating the assets of CNNC Hua Yuan Titanium Dioxide Co., Ltd. and Anhui
Jinxing Titanium Co., Ltd. Henan Billions ranked fourth with a TiO2 output of
57.8 thousand tonnes, a YoY fall of 3.83%. Pangang Group was fifth, having
produced 41.7 thousand tonnes in H1 2013.
Meanwhile,
under the weak market conditions in H1 2013, seven small TiO2 producers have
halted their facilities. These seven small producers have a combined total TiO2
capacity of approximately 126 thousand tonnes.
Editor's notes
Headlines
of this issue
Industrial
Information
Import
volume kept growth momentum while export volume reversed with double-digit MoM
growth
Total
titanium feedstock supply volume increased slightly while average import price
fell sharply in July
Domestic
TiO2 price kept relatively stable from mid-Aug. to mid-Sept.
Company dynamics
Henan
Billions acquires first prize in sci-tech achievement as reward for its study
on SCR TiO2
Listed
TiO2 companies suffer average gross margin rate and total revenue fall in H1
2013
China
produced about 925 thousand tonnes of TiO2 in H1 2013, representing a YoY fall
of 1.28%
Lomon
Corporation listed among 2013 Top 500 Chinese Private Manufacturing Enterprises
Upstream
Sichuan
Lomon to break off the cooperation with WTR for jointly developing a
world-class ilmenite project
Downstream
Nippon
Paint (China) leagues with Gold Mantis to enter the construction decoration
industry
Increasing
auto sales volume and customers' color predilection are expected to slightly
boost the TiO2 demand
Titanium
Dioxide 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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