In 2018, the major international titanium dioxide giants increased the price of titanium dioxide, followed by some domestic titanium dioxide companies to follow up the price. On March 5, Jinpu Titanium Industry announced an increase in the price of titanium dioxide. Behind the company's price adjustment, titanium The white powder industry continues to pick up, and the industry expects that the global market demand for titanium dioxide will remain strong. It is expected that the titanium dioxide industry in 2018 will remain in a better position.
Titanium dioxide companies have raised prices
On March 5, Jinpu Titanium Industry Co., Ltd. announced that due to the recent rapid increase in the prices of sulfur, natural gas and other major raw materials and energy, the increase in logistics costs led to a substantial increase in the production costs of titanium dioxide. According to recent market conditions, the company's Price Committee decided to: From now on, the sales prices of the company's anatase and rutile titanium dioxide have been raised by RMB 600/ton for various domestic customers on the basis of original price, and increased by US$100/ton for various international customers.
Earlier, the domestic leading enterprise of the titanium dioxide dragon python in the evening announced on February 7 from now on, raised the price of domestic titanium dioxide 500 yuan / ton, international customer chlorination / sulfuric acid method titanium dioxide prices were raised 200/150 US dollars / Ton.Nuclear titanium dioxide announced on the evening of February 8 that it raised its sales price of rutile titanium dioxide by a price increase of 500 yuan / ton and its export price by 150 yuan / ton.
On February 22, Venator, the international leader in the production of titanium dioxide, announced that it intends to raise the sales price of titanium dioxide worldwide from April 1, 2018. Venator is the third largest titanium dioxide producer in the world with titanium dioxide capacity 800,000 tons / year, accounting for about 10% of the world's effective capacity.
Listed company performance is good
With the price hikes by companies such as the international giants, the prosperity of the titanium dioxide industry has been raised again, bringing support to the performance of A-share listed companies in the industry.
Recently, the release of the performance of the Dragon python profit Express, the company achieved operating revenue of 10.355 billion yuan in 2017, an increase of 147.49%; net profit of 2.493 billion yuan, an increase of 463.95% .Company said the net profit in the reporting period a substantial increase over the previous year The increase was mainly due to the increase of operating income and gross profit margin of product sales in 2017. The Company strengthened its operation and management and lowered its cost and increased the profitability of the Company. In addition, the Company's 2017 annual results include the shares of Sichuan Longmei Titanium Industry Co., Ltd. FY 2017 full year results.
In addition, CNR Titanium Dioxide's 2017 Express Performance Bulletin showed that during the reporting period, the company achieved operating income of 3.256 billion yuan, an increase of 58.99% over the same period of last year; net profit of 389 million yuan, an increase of 362.06% over the same period of 2007. The main reason for the growth of performance was titanium dioxide The market continued to pick up. The sales volume of titanium dioxide, the company's main product, increased YoY over the same period of last year. The sales price increased YoY and the gross margin increased.
Focus on leading corporate opportunities
For the industry to pick up, Minsheng Securities believes that the development of the domestic downstream decoration, automotive and other areas are in recovery or stable period, the demand for titanium dioxide stable while the international downstream construction re-coating market will usher in the boom cycle, long-term support titanium dioxide The price is high. Titanium Dioxide companies make up the stock market will also stabilize the demand for titanium dioxide.
According to Guohai Securities, the overseas real estate industry in emerging markets is growing rapidly. The rapid growth in downstream demand will promote the steady growth of domestic exports of titanium dioxide, and the export market will have a large space. The data show that the domestic exports of titanium dioxide have increased from 137,000 tons in 2007 to 2016. 722,000 tons a year.
Among A-share companies, Longxueli is the largest titanium dioxide enterprise with the largest capacity in China, and has 560,000 tons/year of titanium dioxide production capacity. It ranks first in Asia and fourth in the world, and it is also the only domestic company that has a large-scale production process of chlorination. The company; China Nuclear Titanium Dioxide is China's second largest titanium dioxide enterprise, with a capacity of 250,000 tons / year.