Titanium Dioxide China Monthly Report 1603

Date: 2016-04

“In March 2016, China’s TiO2 market continues to recover. After leading domestic companies took the lead on raising product prices, the third round of price rises since Jan. 2016 has swept across the country. CCM believes that the previously low operating rate of the industry and the frequent release of favorable policies for the real estate industry have been the key supporting factors behind the price rises.

Market dynamics of titanium products in March 2016:

– Ilmenite

The operating rate of the Chinese ilmenite industry has increased slightly. After receiving a large quantity of enquiries this month, ilmenite manufacturers have begun to raise their product prices. However, those price increases have not been accepted by downstream manufacturers, and therefore the market price of ilmenite remains quite stable in China at present. But ilmenite price is expected to have actual increase in the short term if China’s TiO2 market continues to recover.

– Titanium slag

Under the influence of the rising price of TiO2, the price of titanium slag in China finally stopped declining in March and some manufacturers have since tried to raise their product prices. However, following this, the overall operating rate of the industry is still low. This is mainly because the market price of titanium slag had already fallen too far before recovering, and manufacturers are still currently unable to turn a profit.

Imports and exports of TiO2:

In Jan. 2016, China’s export volume of TiO2 dropped slightly while import volume soared month on month, mainly because of the markedly declining operating rate caused by depressed market conditions and the coming Chinese Lunar New Year.

On 27 Feb., 2016, Henan Billions released its 2015 financial report, which showed that the company had achieved great YoY growth in both its total revenue and net profit and managed to rise amidst the general recession in the industry. This is because the company’s industrial structure transformation projects have gradually reached the designed capacity and because it has good control over production costs, according to CCM.

Since Jan. 2016, the Chinese government has been releasing real estate-related policies frequently, and topics like destocking housing inventories and property taxes have garnered the most attention from NPC deputies, members of the CPPCC National Committee and the media during China’s “”Two Sessions””. CCM believes that the Chinese government’s consideration for the development of the real estate market will benefit China’s TiO2 industry greatly in the coming one to two years.”


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample