Following are headline news of the Titanium Dioxide
China Monthly Report:
Zhejiang Transfar to acquire
Transfar Coating's 100% equity
Zhejiang Transfar to acquire Transfar Coating's 100% equity
with a transaction value of USD12.21 million. The acquisition is a horizontal
integration, and is expected to create synergy and improve efficiency.
Domestic automobile output is
expected to reach 22 million units in 2013
2013 domestic auto output is expected to reach 22 million
units. However, local governments' controls on vehicle purchases will affect
the development of the auto industry in the future.
Domestic TiO2 price declined
massively from mid-Nov. to mid-Dec.
Domestic TiO2 price declined massively at the end of 2013 as
the producers have taken a low price strategy to achieve their 2013 sale goals.
Tianyuan Group to enter the titanium
industry for new growth point
Tianyuan Group is targeting synthetic rutile as a new growth
point amidst the sluggish chlor-alkali market.
Domestic TiO2 price likely to keep
steady in 2014
Domestic TiO2 market will likely keep steady without large
fluctuations in 2014, mainly because of the lack of obvious driving factors.
TiO2 import price declined slightly
while the export price enjoyed a rare increase in Oct.
Both the import volume and export volume of TiO2 declined in
Oct. The export price of TiO2 enjoyed a rare MoM growth, while the import price
declined slightly. The total export volume for 2013 is likely to exceed that of
2012, which will help to relieve the high inventories in the domestic market.
Capchem plans to acquire Supe
Chemical's 56.92% equities
Capchem plans to acquire a 56.92% share of Supe Chemical in
order to enter the coating & paints industry.
Luohe Xingmao starts the bidding on
its second phase of chloride process TiO2 project
The first phase of Luohe Xingmao's chloride process TiO2
project, which has a production capacity of 60,000 t/a, has been completed and
the bidding process of the second phase has been started. However, some
technical issues may still exist.
Titanium feedstock imports returned
to normal while domestic production increased significantly
Both the domestic production and import volume dramatically
increased MoM, pushing up the supply of titanium feedstock in Oct. However, the
average import price fell 27.15% MoM to USD195/t. The total supply of titanium
feedstock in China increased by 53.15% MoM, which was mainly due to rising
operating rates.
TiO2 companies expand despite the
market downturn
Some domestic
listed TiO2 companies are opting to expand during this current downtrend.
Although this strategy may pay off if the market improves in the future, it is
fraught with risk.
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