China's TiO2 Price Declines in August Summary: China's TiO2 price declines in August 2011 due to weak demand, according to CCM’s August issue of TiO2 China Monthly Report. Tags: TiO2 price, TiO2, China, titanium, TiO2 producer, Sichuan Lomon, titanium feedstock, supply, demand, capacity
Due to sluggish demand and capacity expansion, China's TiO2 price in domestic market declines in August 2011. It reflects a compromise of TiO2 producers to break the deadlock between downstream buyers and themselves, which has last for almost two months, according to CCM’s August issue of TiO2 China Monthly Report.
In late July, Sichuan Lomon decreased prices of its rutile TiO2 sold to some large customers, with the markdown in the range of USD78/t to USD156/t. The company said it had no way but to decrease prices to gain market share as it had too much inventory. … However, China's TiO2 producers are optimistic about the rebound of TiO2 prices in future months. For one thing, the inventories are limited relative to the demand from home and abroad, so the degree of the price decrease is small and the period is short. For another thing, the motive force from high titanium feedstock costs and possible demand recovery in following months will drive up TiO2 prices. (Guangzhou China, August 26, 2011)
Source: TiO2 China Monthly Report 1108 http://www.cnchemicals.com/Newsletter/NewsletterDetail_7.html
Content of TiO2 China Monthly Report 1108: China's TiO2 average export price exceeds import price China's titanium feedstock import volume rebounds in June Iluka to resume its Eneabba mining activities ERAMET, MDL to set up a joint venture Base reports good progress on Kwale Project Annada's profit nearly triples in H1 2011
Huntsman Pigments' Q2 adjusted EBITDA up 135% Rockwood TiO2 segment enjoys strong results Kronos TiO2 segment's profit up 257% in Q2 2011 DuPont's revenue up 19% on higher prices Anhui Goldstar to manage CNNC Huayuan Jiangxi Tianguang's new project meets requirements Jilin Fiber faces challenges in 2011 Sanxia Paint's profit down 21.2% in H1 2011 Wuhan Plastics reports strong profit growth Dow's profit increases by 55.7% in H1 2011 AkzoNobel to set coating base in western China China's TiO2 price declines in August TiO2 multinationals announce new round of price hikes
Editor’s Note China's CPI reached record 6.5% in July 2011, indicating that the inflation hasn't been tackled yet. But the PMI in July declined to 50.7%, reaching the lowest in 29 months.
Domestic TiO2 prices started to decrease in August 2011, as China's TiO2 producers have been depressed by the weak demand in June and July. Most producers have benefited from price upsurge in H1 2011, but they may lower their expectations in the second half this year.
The TiO2 downstream companies saw profit decrease in H1 2011, as the costs of TiO2 and other raw materials increased largely in this period.
In order to regulate the coating market, 14 national mandatory standards regarding to coatings have been implemented since 1 August 2011.
As for titanium feedstock, major foreign suppliers took measures to increase production.
TiO2 China Monthly Report, a monthly publication issued by CCM International on 25th of every month, will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry. Please visit http://www.cnchemicals.com for more information or contact us at econtact@cnchemicals.com CCM International Ltd. Guangzhou CCM Information Science & Technology Co., Ltd. 17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China