The recent uptrend of titanium dioxide is in an excellent situation. Many people are still in a wait-and-see mode. Will titanium dioxide rise? How much upside is there?
Titanium dioxide has been rising since the beginning of the 16th year. Due to rising prices, there are very few manufacturers. At the end of 16th, although there was a small amount of bulk cargo, the price of titanium dioxide continued to rise at the beginning of 17 years and was basically consumed. From the perspective of inventory, the price of titanium dioxide for 17 years still has a lot of room for improvement. And the parking of several major international giants has also aggravated the impact of inventory tension.
After the Chinese New Year in February, domestic titanium dioxide companies set off the first wave of price increases in 2017, and a total of 18 titanium dioxide production companies have reported price increases. In this price increase, only three domestic companies, namely Dongjia, Chaocai, and Pinggui Frisbee, have raised their domestic prices by 500 yuan. The rest of the companies have raised their prices by more than 500 yuan. In March, another five titanium dioxide companies increased their prices, namely Qianjiang Fangyuan, Longxi Lili Haifengxin, and Panzhihua Oriental Titanium. The price increases were all above 800 yuan/ton.
Raw material cost increase impact
After entering 2017, the titanium concentrate market price in Panxi area has risen from the beginning of the year to 244%, and the current price is 1,650 yuan/ton (excluding tax). Industrial supply and demand structure and environmental protection measures have become increasingly stringent, and the main production areas Panzhihua vanadium and titanium are subject to environmental protection to stop production and rectification, making the supply of titanium concentrate tight, the price of titanium concentrate continues to rise, then as the downstream industrial chain of titanium dioxide The industry is also forced by rising raw material prices. The sulphur price of the raw materials, though stable for a while, is relatively large, which makes it impossible to reduce the cost of titanium dioxide. When the price/performance ratio has not reached the level that is completely comparable to the international level, domestic titanium dioxide companies are not willing to surpass international prices, but the rise in production costs and logistics costs "supports" titanium dioxide prices continue to increase to maintain industry profitability.
The influence of international giants
Global titanium dioxide prices are also continuing to rise, and Kemu, Huntsman, and Koster announced that they will raise the prices of titanium dioxide in the Asia-Pacific region by US$150/ton, US$160/ton, and US$200/ton respectively from March 1. Teno intends to acquire Coste to form the world's largest titanium dioxide plant with a total capacity of 1.32 million tons. The competitive landscape is further optimized, and the space for internal and external linkage increases.
A fire at the Huntsman plant in Finland at the end of January will also affect Huntsman’s production. Temporary receipt of a formal reply from the Finnish factory.
Titanium dioxide still has room to rise
In March, coatings, plastics and other industries began to enter the production season, and the demand for raw materials also showed an upward trend. The soaring prices of upstream raw materials, rising logistics costs, and strict state supervision over the environment have all exerted tremendous pressure on titanium dioxide companies. Sustained growth in downstream demand gives room for price increases for titanium dioxide. At the moment of price increase, domestic titanium dioxide enterprises must pay more attention to the improvement of product quality, strengthen the drive of innovation, and narrow the quality of titanium dioxide products abroad. Only high-quality products can win market recognition, strengthen corporate risk management and control, and increase the competitiveness of enterprises. Power is the foundation for sustainable development of the company.
The various proposals of the “two sessions†that are being held on environmental protection are believed to have led many chemical companies to “enforce†environmental issues to further strengthen the price of titanium dioxide.
Titanium dioxide has been rising since the beginning of the 16th year. Due to rising prices, there are very few manufacturers. At the end of 16th, although there was a small amount of bulk cargo, the price of titanium dioxide continued to rise at the beginning of 17 years and was basically consumed. From the perspective of inventory, the price of titanium dioxide for 17 years still has a lot of room for improvement. And the parking of several major international giants has also aggravated the impact of inventory tension.
After the Chinese New Year in February, domestic titanium dioxide companies set off the first wave of price increases in 2017, and a total of 18 titanium dioxide production companies have reported price increases. In this price increase, only three domestic companies, namely Dongjia, Chaocai, and Pinggui Frisbee, have raised their domestic prices by 500 yuan. The rest of the companies have raised their prices by more than 500 yuan. In March, another five titanium dioxide companies increased their prices, namely Qianjiang Fangyuan, Longxi Lili Haifengxin, and Panzhihua Oriental Titanium. The price increases were all above 800 yuan/ton.
Raw material cost increase impact
After entering 2017, the titanium concentrate market price in Panxi area has risen from the beginning of the year to 244%, and the current price is 1,650 yuan/ton (excluding tax). Industrial supply and demand structure and environmental protection measures have become increasingly stringent, and the main production areas Panzhihua vanadium and titanium are subject to environmental protection to stop production and rectification, making the supply of titanium concentrate tight, the price of titanium concentrate continues to rise, then as the downstream industrial chain of titanium dioxide The industry is also forced by rising raw material prices. The sulphur price of the raw materials, though stable for a while, is relatively large, which makes it impossible to reduce the cost of titanium dioxide. When the price/performance ratio has not reached the level that is completely comparable to the international level, domestic titanium dioxide companies are not willing to surpass international prices, but the rise in production costs and logistics costs "supports" titanium dioxide prices continue to increase to maintain industry profitability.
The influence of international giants
Global titanium dioxide prices are also continuing to rise, and Kemu, Huntsman, and Koster announced that they will raise the prices of titanium dioxide in the Asia-Pacific region by US$150/ton, US$160/ton, and US$200/ton respectively from March 1. Teno intends to acquire Coste to form the world's largest titanium dioxide plant with a total capacity of 1.32 million tons. The competitive landscape is further optimized, and the space for internal and external linkage increases.
A fire at the Huntsman plant in Finland at the end of January will also affect Huntsman’s production. Temporary receipt of a formal reply from the Finnish factory.
Titanium dioxide still has room to rise
In March, coatings, plastics and other industries began to enter the production season, and the demand for raw materials also showed an upward trend. The soaring prices of upstream raw materials, rising logistics costs, and strict state supervision over the environment have all exerted tremendous pressure on titanium dioxide companies. Sustained growth in downstream demand gives room for price increases for titanium dioxide. At the moment of price increase, domestic titanium dioxide enterprises must pay more attention to the improvement of product quality, strengthen the drive of innovation, and narrow the quality of titanium dioxide products abroad. Only high-quality products can win market recognition, strengthen corporate risk management and control, and increase the competitiveness of enterprises. Power is the foundation for sustainable development of the company.
The various proposals of the “two sessions†that are being held on environmental protection are believed to have led many chemical companies to “enforce†environmental issues to further strengthen the price of titanium dioxide.
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