Published on the 25th
every month, Titanium
Dioxide China Monthly Report is a monthly publication released by CCM. It offers timely update and
close follow up of China
Following are headline news of the Titanium Dioxide
China Monthly Report:
Increasing auto
sales volume and customers' color predilection are expected to slightly boost
the TiO2 demand
The production and
sales volume of domestic automobile industry both saw double-digit YoY growth
during Jan.–Aug. 2013. The growth in the automobile industry will help boost
the demand for TiO2.
Domestic TiO2 price kept relatively stable from
mid-Aug. to mid-Sept.
The domestic TiO2
prices were relatively stable from mid-Aug. to mid-Sept. Any future price
increases may depend on a supply reduction if the downstream demand continues
to weaken.
Nippon Paint (China) leagues with Gold Mantis to
enter the construction decoration industry
Competition in the
paint & coating industry is fierce. Therefore, vertical cooperation
agreements such as the cooperation between Gold Mantis and Nippon Paint (China)
is a wise strategy to further the common interests of both parties.
Lomon Corporation listed among 2013 Top 500 Chinese
Private Manufacturing Enterprises
Lomon Corporation
was selected as one of the 2013 Top 500 Chinese Private Manufacturing
Enterprises and also as one of the 2013 Top Chinese Chemical Enterprises. These
two achievements demonstrate Lomon Corporation's competitiveness among private
manufacturing enterprises and in the domestic chemistry industry.
Total titanium feedstock supply volume increased
slightly while average import price fell sharply in July
The domestic
supply of titanium feedstock in July increased by 2.35% MoM, while the average
import price fell sharply by 22.65% MoM. The decline proves that the attempts
by titanium feedstock producers to raise prices during June have failed.
Import volume kept growth momentum while export
volume reversed with double-digit MoM growth
During Jan.
2013–July 2013, China imported 116,582 tonnes and exported 240,128 tonnes of
TiO2. Therefore, the Jan. 2013–July 2013 turnover for TiO2 was 356,710 tonnes,
a decrease of 7.70% compared to 386,470 tonnes in the same epriod of 2012,
mainly due to the weak demand of downstream industries.
China produced about 925 thousand tonnes of TiO2 in
H1 2013, representing a YoY fall of 1.28%
China produced
approximately 925 thousand tonnes of TiO2 in H1 2013, representing a YoY fall
of 1.28%. The top five producers' market share increased by 6.22% YoY to
37.57%.
Listed TiO2 companies suffer average gross margin
rate and total revenue fall in H1 2013
The five listed
TiO2 companies' average gross margin from their TiO2 products fell by 10.10% in
H1 2013. Also, their total revenue declined by 16.94% in H1 2013 compared with
that in H1 2012.
Henan Billions acquires first prize in sci-tech
achievement as reward for its study on SCR TiO2
The niche SCR TiO2
market in China has drawn many domestic TiO2 giants including Henan Billions
who recently acquired the first prize of Science and Technology Achievement
Award bestowed by the Department of Industry and Information Technology of
Henan Province for its efforts on the study of SCR TiO2. However, the
competition in the SCR TiO2 market might intensify with competitors' pouring
into the market.
Sichuan Lomon to
break off the cooperation with WTR for jointly developing a world-class
ilmenite project
Sichuan Lomon has decided to break off the
cooperation with WTR, mainly due to its recent fundraising difficulties. The
cooperation with WTR was regarded as a crucial step for Sichuan Lomon's
expansion as it was expected to provide Sichuan Lomon with sufficient titanium
feedstock resources.
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