Tronox, the world's third-largest titanium dioxide producer, recently announced that it will raise the prices of all Tronox titanium dioxide (titanium dioxide) products, or see the contract requirements. From October 1, Asia-Pacific and Latin American regions will increase their prices by 150 U.S. dollars per ton. From September 1, the North American region will increase by US$ 0.07/lb; from October 1st onwards, Europe, Middle East and Africa will increase by 150 Euros/ton.
On August 29, 2016, Cristal Global announced that as of September 1, 2016, it will increase the prices of all TiO2 and Tikon titanium dioxide (TiO2) products, subject to or otherwise required by the contract.
The increase in international titanium dioxide prices is favorable for exports. The export situation of titanium dioxide in China has been more optimistic this year. According to customs statistics, the cumulative amount of titanium dioxide exported from January to July 2016 was 412,800 tons, an increase of 29.03% year-on-year, and the export amount was approximately 636.2 million US dollars. From January to July, the total import of titanium dioxide was 108.39 million tons, a year-on-year decrease of 10.74%, and the total import amount was about 256 million US dollars.
The international recognition of the cost-effectiveness of China's titanium dioxide has been increasing year by year. It is the result of China's titanium dioxide companies focusing on improving quality and improving management levels. The ten consecutive domestic rises were mainly attributable to shrinking production capacity of domestic and international titanium dioxide enterprises, improvement of supply and demand patterns, and favorable international markets. Xiao Bian believes that Chinese titanium dioxide enterprises will strengthen their efforts in large-scale production and improve product quality during the 13th Five-Year Plan period, and international recognition will be recognized more.
China's current production is mainly based on the sulfuric acid process. From the year of 2000 to 2015, the production capacity of titanium dioxide in China has increased from 340,000 t/a to 3.29 million t/a, and the output has increased from 310,000 t/a to 2.323 million t/a. a, close to half of the world's production, the average annual growth rate of production capacity and production exceeded 15%, far higher than the average growth rate in the world over the same period. Since 2011, the United States has surpassed the United States to become the world’s largest titanium dioxide production and marketing country. During the Twelfth Five-Year Plan period, China's titanium dioxide industry experienced a period of rapid development. At the same time, it was also in the “surplus period”. In 2015, the total titanium dioxide output in China was 2,323.6 thousand t/a, which was a decrease of 311,300 tons compared to the 2.435 million tons in 2014. This is the first decline in total industry output since the first 17 years from 1998 to 2015.
The low-end overcapacity, serious homogeneity, and high asset-liability ratio are the bottleneck faced by China's titanium dioxide industry. The situation of excessive low-end production capacity and homogenization is the result of the proliferation of “disadvantage assets”. Production is inseparable from “financial”, and finance is good for quality “assets”. The disadvantaged “assets” will not be protected and will eventually be eliminated.
Before the end of the Twelfth Five-Year Plan period, China’s titanium dioxide production companies became more polarized. The leading industrial leaders headed by Longxun and Wuli Lien jointly achieved a capacity of 630,000 tons after the reorganization and became the fourth largest titanium dioxide company in the world. Second only to DuPont's 1.17 million tons, Huntsman's 902,000 tons, and Koster's 778,000 tons, it is the absolute leading position in the domestic industry.
It is difficult for small and medium sized titanium dioxide companies and traders struggling at the break-even point. First of all, with the strict “zero tolerance” of the national environmental protection policy; secondly, the market is facing the “environment and market occupying position” before 2016. Gradually shrinking, investing too much money in advance, the infringement of the car's acetylene is not enough.
Mergers and reorganizations to optimize the industrial structure have been considered as an important measure to solve the contradiction between titanium and white industries. The international community is also bound to take this route. Since the beginning of the 21st century, Cristal has spent US$1.2 billion to acquire Millennium Inorganic Chemicals and DuPont Titanium Technologies has completed its separation from the DuPont Group. Independent listing. Domestic In October 2014, CNNC Titanium Dioxide Co., Ltd. acquired a 25% stake in Wuxi Haopu Titanium Industry Co., Ltd. through its wholly-owned subsidiary Anhui Jinxing Titanium (Group) Co., Ltd. Cristal announced that it will acquire the titanium dioxide business of Jiangxi Tianguang Chemical Co., Ltd. In June 2015, Henan Ji Li Lian announced that it had purchased 9 billion RMB worth of Sichuan Longxi Group. For the Chinese titanium dioxide industry, mergers and reorganizations have become “the nose that affects the adjustment and development of the industry”.
Looking at the characteristics of the global titanium dioxide industry, its production capacity concentration is very high. The first seven suppliers account for about 60% of the total global production capacity. There are approximately 60 titanium dioxide production enterprises in China, accounting for approximately 35 of the world's total production capacity. %about. Reflecting the unreasonable layout of China's titanium dioxide industry, the dispersion of production concentration is not conducive to the development of titanium dioxide industry. With environmental upgrades, implementation of a number of industry policies, and the use of market rules, the titanium dioxide industry is bound to undergo the process of capacity building as in Europe and the United States, giving rise to industry upgrading and increasing industry concentration. Leading companies with the right to speak will Gradually emerged. Based on the domestic market to the world, during the 13th Five-Year Plan period, the dream of creating a strong country of titanium dioxide in China will surely be realized.
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