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.
Raw materials
Price
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.
Backdoor listing
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 China
in Nov. 2012
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.
About
CCM
CCM is dedicated to market research in
China , Asia-Pacific Rim and global market. With staff of more than 150 dedicated highly-educated
professionals, CCM offers Market Data, Analysis, Reports,
Newsletters, Buyer-Trader Information, Import/Export Analysis all through
its new proprietary product ValoTracer.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
Email: econtact@cnchemicals.com
No comments:
Post a Comment