Showing posts with label Automobile. Show all posts
Showing posts with label Automobile. Show all posts

Wednesday, March 12, 2014

China's titanium feedstock supply in 2013 flat from 2012

It is widely expected that China's economic growth will slow down. The former investment-led growth model, which depended on the real estate industry, is no longer in effect. This is causing a decrease in the demand for architecture coatings. Such a change in the domestic environment has determined the future development of the TiO2 industry. China's TiO2 output increased from 308,000tonnes to 1,803,000 tonnes in 2011 at a CAGR of 19.33%. Assuming that 2001-2011 is classified as the growth stage of China's TiO2 industry, the industry has entered a stabilisation stage since the beginning of 2012, according to Titanium China Monthly Report issued by CCM in Feburary.

It can be judged from the actions taken by the TiO2 multinationals that China's TiO2 industry has entered a stabilisation stage. As the world's largest TiO2 consuming and producing country, China's developments are closely watched by the TiO2 multinationals During the stabilisation stage, an industry's growth will slow down or even stop.

In Sept. 2013, Huntsman Corporation acquired Rockwood Holdings, Inc's titanium dioxide business, which has caused a further rise in the concentration of the overseas titanium dioxide industry. In addition, DuPont, the world's largest TiO2 producer with a large market share in China, has decided to spin off its titanium dioxide segment, because the company predicted that such a highly cyclical segment will develop at a low speed in the future. DuPont will pay attention to high-speed investment opportunities in order to maximise opportunities for its shareholders.

Various TiO2 producers in China are gradually increasing the differentiation of its products and reducing the homogeneity of their product mix. The market has been subdivided and is maturing. For example, Sichuan Lomon Titanium Co., Ltd.'s TiO2, which is widely believed to have good performance in every aspect, has a high price; Shandong Doguide Group Co., Ltd.'s TiO2 has good stability performance; Yunnan Dahutong Investment Group Company's TiO2 has high covering power; and BlueStar New Chemical Materials Co., Ltd. Guangxi Branch's TiO2 has high whiteness.

The product mix has changed from being dominated by anatase TiO2 of low added value to rutile TiO2 of high added value. The TiO2 (general type) has been subdivided into coating grade TiO2, paper grade TiO2, and plastic grade TiO2, and others. The overcapacity, and the slowdown in the exports of TiO2 implies that China's TiO2 has been gradually entering a stabilization stage.

TiO2 exports substantially increase at the growth stage but decline when entering the stabilisation stage. Correspondingly, TiO2 exports fluctuated at a high level in 2012-2013, following strong growth in 2009-2011. Concerning the production capacity and output, survey data from CCM shows that the production capacity and output of China's TiO2 industry were 2.98 million t/a and 1.90million tonnes in 2013, and the operating rate was 63.76%.

The analysis method for product life cycle is only used to statistically analyse the current stage of a product. However, the development of an industry is dynamic and ever-changing, and technological breakthroughs can change the direction of the industry. For example, a recent study found that the surface of TiO2 can be photocatalysed to produce hydrogen, and if the technology is a breakthrough and related products reach mass production, the future development of the TiO2 industry will be boosted, and will re-enter the growth stage from the current stabilisation stage. Therefore, this article only provides an analytical point of view.

China’s TiO2 imports increase substantially while exports rose slightly
China's titanium feedstock supply in 2013 flat from 2012
Post-festival downturn in China's TiO2 market with slight decrease in price
Panxi Experimental Zone starts worldwide bidding for six titanium related projects
GPRO Titanium: net profit increases by 9.98% YoY; anatase TiO2 more profitable than Rutile Titanium
Anhui Annada revises downward net profit forecast
Pick-up of TiO2 market to support DuPont in spinning off its performance chemicals segment
Strategies for TiO2 producers in 2014: improve quality, control costs
Henan Billions forecasts 87.22% decrease in net profit for 2013
China's TiO2 industry enters into stabilisation stage
Orient Zirconic intends to acquire 100% equity stake in Winsheen New Material
Changes in pattern of China's titanium feedstock imports
Sky Dragon Group's net profit in 2013 may increase by 2%-20% YoY
Double-digit percentage increases in China's auto output and sales in 2013 boost automotive coating consumption
Nippon Paint, Dulux and Carpoly: top three frequent coating keywords in Jan. 2014
AkzoNobel maintains first place among worldwide coatings manufacturers
Growth rate of Suzhou Kingswood's revenue decreases in H2 2013

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.

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. 

For more information, please visit http://www.cnchemicals.com.

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


Monday, December 2, 2013

Find Hot News in Titanium Dioxide China Monthly Report 1311

Following are headline news of the Titanium Dioxide China Monthly Report:
The China Titanium Week 2013: sluggish market status would last to the end of 2013
In the China Titanium Week 2013, associations from Sichuan and Yunnan Province introduced the condition of local titanium industry, deputation of Vietnam invited Chinese partners to invest Vietnamese titanium industry, delegates considered the sluggish market status would last to the end of 2013.
Domestic TiO2 price kept stable from mid-Oct. to mid-Nov.
Both the domestic TiO2 price and titanium feedstock price kept stable during mid-Oct. to mid-Nov. and is likely to remain steady throughout the rest of 2013.
China's "Double 11" online shopping festival fails to live up to expectations for the coating industry
"Double 11" shopping festival did not bring the expected sales to the coating industry. E-commerce penetration for coating products still faces many problems.
Wind power industry to bring recovering demand for heavy duty coating
The recovery of the wind power industry will provide opportunities to upstream industries, including the heavy duty coating industry. This will stimulate the demand for TiO2 as it is applied in heavy duty coating manufacturing.
Henan Billions to raise capital for its titanium slag project
Henan Billions is entering into the upstream TiO2 industry by constructing a titanium slag production facility. The facility will not only guarantee its raw materials supply, but will also reduce the cyclical fluctuations in its profits.
CPI Yuanda acquires upstream SCR TiO2 supplier
CPI Yuanda has acquired 100% of its SCR TiO2 supplier Puyuan Chemical. This acquisition helps CPI Yuanda achieve vertical integration and will make the competition in the SCR TiO2 market even more intense.
Import volume increased by 22.42% while export volume declined by 6.46% in Sept.
In Sept., the import volume rebounded while the export volume declined after two months of growth. The 2013 full year export volume is estimated to reach the same level as last year.
Domestic TiO2 price may edge down after the traditional selling season
The domestic TiO2 price will inevitably edge down following the end of the traditional selling season because the downstream demand remains weak. However, technological breakthroughs in new application fields should bring about new opportunities for growth in China's TiO2 industry.
Domestic titanium feedstock supply increased in Sept. as domestic capacity expanded
Although the expansion of domestic titanium feedstock production capacity has reduced the domestic market's reliance on imports, domestic TiO2 producers will still use imported titanium feedstock to mix with domestic titanium feedstock in order to meet quality requirements.
Domestic TiO2 market is improving as profitability improved and inventories fell in Q3
Although the TiO2 shipment volume and the market condition of domestic TiO2 improved during Q3 2013 compared with Q2, the domestic TiO2 price is not likely to rise rapidly in Q4. Also, TiO2 enterprises' full year financial performances are predicted to be disappointing.

About CCM
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact
Tel: 86-20-37616606
Fax: 86-20-37616968
0001p=�n-�A-�.13.5pt;background:white'>Domestic corn prices are predicted to decline in 2013/2014 due to the oversupply of corn in China. But the reduction range is also believed to be small, in view of China's government' efforts to protect the profits of domestic corn growers.

Shandong Longlive signs cooperative agreement with UFRJ
Shandong Longlive signs cooperative agreement with UFRJ
Export volume of China's syrup sorbitol increases sharply in May-July 2013
The export volume of China's syrup sorbitol was 22,248 tonnes in May -July 2013, up 55% YoY.
Baolingbao obtains patent certificate in Oct. 2013
Baolingbao obtains patent certificate in Oct. 2013
China's xylitol export in Jan. -July 2013: quantity increases sharply while price continues to decline
It is believed that the demand increase of China's xylitol from overseas market boosted its export volume in Jan. -July of 2013, while producers continued to face the falling export prices of their xylitol.
Baolingbao engaged in investments in banks' wealth management products since June 2013
Baolingbao is increasing its investment in wealth management products since June 2013. Though Baolingbao expressed that its purpose was to improve the service efficiency of its funds, the company is believed to have not much enthusiasm for its main business at present.

About CCM
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact
Tel: 86-20-37616606

Fax: 86-20-37616968

Tuesday, October 29, 2013

Find Hot News in Titanium Dioxide China Monthly Report 1310

Following are headline news of the Titanium Dioxide China Monthly Report:
Abnormal weather and upgrading of existing waterproofing construction generate bright prospects for domestic waterproofing coatings producers
The abnormal and frequent floods in China this year and the upgrading of existing outdated constructions are generating opportunities for waterproofing materials producers. Oriental Yuhong, a major producer of waterproof materials and products, is predicted to exceed expectations regarding its performance in Q1-Q3 2013. Oriental Yuhong's performance reflects the bright prospects of the waterproof materials industry. Thus, the domestic demand for TiO2, which is used to manufacture waterproof materials, will correspondingly increase.
Changzheng Electric to enter into the upstream TiO2 industry through asset replacement
Changzheng Electric will enter into the TiO2 industry by replacing its non-performing wind power assets with ilmenite & zircon assets. This asset replacement is predicted to significantly improve its profitability.
Domestic TiO2 price slightly increased from mid-Sept. to mid-Oct. as downstream demand turned warmer
The recovery of the downstream demand in the third quarter led Sichuan Lomon to raise the price of its flagship product. This caused the other TiO2 related companies to follow Sichuan Lomon by increasing their prices for their own products. Sichuan Lomon's price increase also contributed to the relatively higher price of rutile TiO2 in Southwest China in Oct.
Letong Chemical announces the withdrawal of its application to raise capital for a 30,000t/a ink project
Letong Chemical recently announced that it is withdrawing its application to raise capital for a 30,000t/a ink production facility construction project. However, it will keep the construction of the project running while finding other ways to raise capital if necessary.
Total titanium feedstock supply volume increased by 17.81% in Aug.
The titanium feedstock supply in China dramatically increased by 17.81% MoM, indicating the optimistic prospects for TiO2 in the near future. Notably, despite the increasing supply in China, the volume of titanium feedstock imports fell by 8.40% MoM and 16.55% YoY.
Import volume declined by 9.42% while export volume kept growing in Aug.
TiO2 imports moderated its growth momentum while the export volume showed signs of recovery. It is predicted that the TiO2 export volume in 2013 may exceed that in 2012. The average import prices generally witnessed slight increases, while the export prices of five tracked domestic exporters continued to decline.
Huntsman's acquisition of Rockwood's TiO2 business likely to make the global TiO2 industry more concentrated among fewer enterprises
The disappointing market conditions in the TiO2 industry has led to increased merger and acquisition activities, and the global TiO2 industry is likely to become more concentrated with fewer players. Huntsman's acquisition of Rockwood's TiO2 business is one example of the consolidation within the industry. However, whether the mergers & acquisitions trend will catch on in China is uncertain, and there are domestic factors which make this unlikely.
Domestic TiO2 price may increase as DuPont and Huntsman lead the fourth wave of price increases in 2013
The consecutive price increase movements implemented by the multinational giants in the international TiO2 market may play a positive role in lifting up the domestic TiO2 price. Both the international and domestic TiO2 prices have remained low due to the sluggish market demand. However, the key factor behind the domestic TiO2 price is the supply and demand situation.

About CCM
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact
Tel: 86-20-37616606

Fax: 86-20-37616968

Monday, September 30, 2013

Find Hot News in Titanium Dioxide China Monthly Report 1309

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’s various kind of Titanium Dioxide market dynamics, analyze the market data and trends. TiO2 China Monthly Report will provide intelligence of Chinese TiO2 industry, including supply/demand, company dynamics, raw material supply, etc, and the latest policies and technological progress to facilitate your search for commercial opportunities in this promising market.

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.

Monday, September 16, 2013

Find Hot News in Titanium Dioxide China Monthly Report 1308

Following are headline news of the Titanium Dioxide China Monthly Report:
AkzoNobel saw smaller decline in revenue in Q2 2013
AkzoNobel saw a YoY decline of 5.40% in revenue in H1 2013 while a smaller YoY decline of 4.43% in revenue in Q2 2013, mainly as benefited from the strong growth momentum in Asia Pacific region, which drove the demand for decorative paints, and the recovered auto sales in North America and China that pushed up the demand for automotive coatings.
Pangang Group delivered bad operating performance in H1 2013 and accounts receivable soared
Pangang Group delivered net profit attributable to shareholders of USD55.83 million, suffering a YoY fall of 52.71% in H1 2013. Accounts receivable soared by 191.29%, indicating TiO2 producers were in a weak position in the negotiation with customers under the weak TiO2 market.
Domestic TiO2 price edged down slightly from mid-July to mid-Aug.
In mid-Aug., domestic rutile TiO2 was quoted at USD2,472/t and anatase TiO2 was quoted at USD2,063/t, declining by approximately 0.80% and 0.72% respectively from mid-July.
Import volume of TiO2 saw massive decline while export volume declined slightly in June 2013
In June 2013, China imported 15,629 tonnes of TiO2. This number constitutes a massive decline of 28.21%. China exported 36,394 tonnes, representing a decline of 0.70% compared with the preceding month.
Tronox's adjusted loss decreased and gross margin improved in Q2 2013
Tronox's financial performance improved in Q2 2013 as benefited from the rebound of TiO2 demand, the vertical integration of its mineral sands business and the recovery of the zircon industry.
Shandong Qifeng maintained strong growth in H1 2013 as benefited from the falling TiO2 price
Shandong Qifeng's net profit attributable to shareholders continued to grow in H1 2013, increasing by 43.46%. This was mainly due to the further decline of domestic TiO2 prices and the recovery of the downstream furniture & floor board industry.
Kingfa sold 519,400 tonnes of modified plastics in H1 2013 with a YoY growth of 17.46%
Kingfa's total modified plastics sales volume increased by 17.46% in H1 2013. However, the profit attributable to shareholders declined because of the rise in operation costs, which exceeded the revenue increase.
Iluka's rutile production witnessed a YoY decline of 49.06% in H1 2013 due to the subdued global demand
Iluka's rutile production (including rutile and synthetic rutile) experienced a 49.06% YoY decline in H1 2013. Also, Iluka predicts a 27.27% YoY fall in the full-year sales volume, reflecting the sluggish market conditions for the TiO2 industry.
Dragged by lower TiO2 prices in Q2, DuPont plans to strip out its TiO2 business
Dragged by lower TiO2 prices in Q2, DuPont plans to strip out its TiO2 business.
Total titanium feedstock supply volume continues slide in June compared with that in May
The total titanium feedstock supply volume in China was 380,399 tonnes in June 2013, continuing its sliding trend in May.
GPRO Titanium succeeds in backdoor listing and starts trading since July 26, 2013
GPRO Titanium succeeded in a backdoor listing and started trading on July 26. Its shares surged 74.55% while its market value exceeded the market value of Henan Billions.

About CCM
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact
Tel: 86-20-37616606

Fax: 86-20-37616968

Wednesday, July 31, 2013

Find Hot News in Titanium Dioxide China Monthly Report 1307

Following are headline news of the Titanium Dioxide China Monthly Report:
Real estate: sales volumes and revenue both enjoyed high growth in H1 2013
Both the sales volume and revenue of the domestic real estate companies enjoyed high growth in H1 2013.
Fu Yijiang: domestic TiO2 might meet price up in H2 2013
The price of domestic TiO2 is expected to increase in H2 2013 by domestic TiO2 producers and distributions.
The decline of the domestic TiO2 price slowed down with prices falling only slightly in July 2013 
The decline of the domestic TiO2 price slowed down with the domestic rutile TiO2 price edging down 0.32% while that of anatase TiO2 declined 1.05% during mid-June to mid-July, 2013.
PPG achieved historical sales record in Q2 2013
PPG achieved historical sales and adjusted earnings per diluted share in Q2 2013 due to the strong performance of its coatings business.
Pangang Titanium cuts costs by using 100% local titanium feedstock to smelt titanium slag 
Pangang Titanium smelts titanium slag by using 100% of local titanium feedstock, which is conducive to cutting its production costs and raising its competitiveness.
*ST Jiyao predicted its H1 2013 net profit to be around USD6.80 million with a 100% sales-output ratio
*ST Jiyao predicted its H1 2013 net profit to be around USD6.80 million with a 100% sales-output ratio, which is questionable under the current weak domestic TiO2 market condition.
10,782,200 automobiles sold in H1 2013 under concerns about restrictions on vehicle purchases
China attained a historic sales volume of 10,782,200 units in H1 2013 under concerns about upcoming restriction policies on vehicle purchases, according to CAAM's report.
Import volume of TiO2 was up 23.15% while export volume increased only 5.99% in May 2013
The import volume of TiO2 was 21,770 tonnes and export volume was 36,650 tonnes in May, 2013, up by 23.15% and 5.99% respectively compared with that in April.
Total titanium feedstock supply volume fell 6.48% in May compared with that in April
The total titanium feedstock supply volume underwent a month-on-month drop of 6.48% in May 2013.
Rockwood canceled the stripping of its TiO2 business
Rockwood canceled the stripping of its TiO2 business due to lack of acceptable transaction value. 


About CCM
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.

Contact
Tel: 86-20-37616606

Fax: 86-20-37616968