DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "TiO2 China Monthly Report 2013 - 03" report to their offering.
In Mar. 2013, the domestic TiO2 price continued to fall after two months of stability despite the fact that international TiO2 giants raised their products prices. In 2012, China produced 1.89 million tonnes of TiO2, a YoY growth of 7.7% and exported 0.43 million tonnes, a YoY fall of 4.23%. During the same period, the housing construction area reached 1.77 billion sq., a YoY fall of 7.3%.
Under this circumstance, the prime domestic TiO2 producers, such as Sichuan Lomon and Shandong Dongjia, lessened their inventory through export and small producers cut the price to sell their products. According to the statistic newly released by the National Bureau of Statistic of China (NBSC), the housing construction area was 0.23 billion sq. during Jan. 2013-Feb. 2013, a YoY growth of 14.7%. With the improvement in real estate investments, domestic TiO2 producers might follow the step of international TiO2 giants within one or two months.
In Jan. 2013, China totally imported 15,834 tonnes of TiO2, an increase of 13.0% compared with the volume of the previous month; exported 25,871 tonnes of TiO2, down by 0.97% compared with the volume of the previous month. During the same period, China imported 0.18 million tonne of titanium feedstock, a month-on-month growth of 7.9%. As for the company dynamics in this month, Henan Billions intends to invest in a titanium slag project for supplying raw materials for its chloride process TiO2 project; CNNC Titanium ignored the prohibition policy and wants to build a joint-venture company to produce TiO2 based on a sulfate process. Concerning the upstream companies, Iluka announced that it would reduce its production in 2013 under the gloomy market situation through the maintenance of its equipement.
Key Topics Covered:
- Editor's Notes
- Headlines of this issue
- Industrial Information
- Import volume of TiO2 up 13% while export volume down 0.97% in Jan. 2013
- Import & domestic production analysis of titanium feedstock in Jan. 2013
- Price update in Mar. 2013
- Company dynamics
- Kronos raised TiO2 products prices to compensate high raw materials costs
- Henan Billions intends to invest USD105 million in a titanium slag project
- CNNC Titanium intends to set up a joint-venture company in Fangchenggang City, Guangxi
- 2012 financial bulletins of Pangang Group, Henan Billions, Annada and CNNC Titanium
- Upstream
- Iluka is to reduce its rutile and ilmenite production in 2013 considering lowering unit cost
- Downstream
- China produced 3.31 million units of auto in the first two months of 2013
- AkzoNobel's 2012 EBITDA margin declined by 0.2% to 12.4%
Companies Mentioned
- Cristal
- Dupont
- Henan Billions
- Huntsman
- ISK
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