Lewes, DE -- (SBWire) -- 06/18/2015 --In this issue, Publisher paid special attention to the imports & exports, price and upstream & downstream products of TiO2 as usual. Meanwhile, Publisher also gave a special report on the marriage between Henan Billions and Sichuan Lomon and analyzed the upward trend of titanium ore in Sichuan Province.
Firstly, according to Publisher, China's import volume of TiO2 realized MoM increase in March 2015, mainly because of the recovery of the TiO2 market. Meanwhile, many titanium ore manufacturers resumed production after the Chinese Lunar New Year and this has led to a MoM increase in export volume. In the same month, import volume of titanium placer and feedstock dropped month on month with India and Mozambique as the major import origins. To the contrary, output of titanium concentrate ore in China increased month on month.
Secondly, on 5 May, 2015, Henan Billions published a major notice about stock suspension, which involved industry integration with the target company of Sichuan Lomon. Publisher thinks that the merger of the two giants in China's TiO2 industry will usher in another flagship enterprise in the global TiO2 industry. Meanwhile, with the speeding of M&A in the domestic market in 2015, the price of TiO2 in China may keep growing. Besides, since Feb. 2015, price of titanium concentrate ore from Sichuan Province has shown an upward trend. However, Publisher believes that it is hard to maintain the price increasing heat in consideration of the increasing marker supply, weak downstream demand, impact from the low import price and so on. In addition, On 18 May, 2015, the Coatings Industry published the Top 50 Chinese Coating Enterprises List. Accordingly, there is still a wide gap between domestic enterprises and foreign ones from the perspectives of operation scale and market shares.
Thirdly, Publisher also paid attention to other fields. For example, in 2015, Henan Billions and CNNC TD released their share incentive plans in succession. This not only boosts the share prices of the company in a short term, but also guarantees the common interest for the company, shareholders and staff which will benefit the company's long-term development. On 10 May, 2015, the People's Bank of China declared cuts to the benchmark rates for deposits and lending since 11 May, 2015. Thereinto, the one-year benchmark lending rate was reduced by 0.25 percentage point to 5.1%.On the evening of 17 May, 2015, Jilin Gpro released an announcement about stock suspension on 18 May. Publisher believes that it may likely involve an industrial integration with the target company of Jiangsu Zhentai, a subsidiary of Jiangsu Taibai.
The RMB/USD exchange rate in this issue is USD1.00=RMB6.1165 on 4 May, 2015, sourced from the People's Bank of China. All the prices mentioned in this newsletter include the VAT unless otherwise specified.
In March 2015, many Chinese TiO2 manufacturers began to resume normal production thanks to the recovery of demand from its downstream market after Chinese Lunar New Year. In this month, export volume and import volume of TiO2 in China both recorded increases month on month. In particular, the gap between exports and imports were widened compared with that in Feb. 2015.
After Chinese Lunar New Year, many Chinese TiO2 enterprises resumed production and the TiO2 price began to rise, benefiting the upstream market, titanium ore market. In March 2015, Chinese output of titanium concentrate ore enjoyed significant growth. However, imports of titanium placer and feedstock dropped month on month with India and Mozambique as the two main import origins.
In May 2015, led by domestic TiO2 tycoons such as Sichuan Lomon and Henan Billions, China's TiO2 price continued to climb up. Besides, the domestic price of high titanium slag dropped while that of acid dissolved titanium slag began to increase. Price of titanium concentrate ore from Sichuan and Yunnan provinces also maintained an upward trend.
On 5 May, 2015, Henan Billions published a major notice about stock suspension, which involved industry integration with the target company of Sichuan Lomon. Publisher thinks that the merger of the two giants in China's TiO2 industry will usher in another flagship enterprise in the global TiO2 industry. Meanwhile, with the speeding of M&A in the domestic market in 2015, the price of TiO2 in China may keep growing.
In 2015, Henan Billions and CNNC TD released their share incentive plans in succession. This not only boosts the share prices of the company in a short term, but also guarantees the common interest for the company, shareholders and staff which will benefit the company's long-term development.
On the evening of 17 May, 2015, Jilin Gpro released an announcement about stock suspension on 1 8 May. Publisher believes that it may likely involve an industrial integration with the target company of Jiangsu Zhentai, a subsidiary of Jiangsu Taibai.
Since Feb. 2015, price of titanium concentrate ore from Sichuan Province has shown an upward trend. However, Publisher believes that it is hard to maintain the price increasing heat in consideration of the increasing marker supply, weak downstream demand, impact from the low import price and so on.
Since 2011 when titanium sponge hit its second price peak in China, the capacity of titanium sponge gained explosive growth, leading to increasingly serious overcapacity. In addition, market price of titanium sponge kept falling down and enterprises were suffering from losses. Recently, with the inventory pressure eased after Chinese Lunar New Year, some domestic titanium sponge enterprises began to raise their prices which have been lingered at a low level for a long time and their operating rates also began to increase.
On 18 May, 2015, the Coatings Industry published the Top 50 Chinese Coating Enterprises List. Accordingly, there is still a wide gap between domestic enterprises and foreign ones from the perspectives of operation scale and market shares. Besides, from the perspective of location, coating enterprises in Guangdong Province and Shanghai Municipal account for the major market shares in the domestic market.
On 21 May, 2015, the National Bureau of Statistics released relevant data about the decreasing output of coatings in April 2015 in China. It is the first YoY decrease recorded in Chinese coating output since Jan. 2015. Publisher analysis the main reasons for the decrease and predicts that this will restrain the TiO2 price from increasing
Spanning over 37 pages, "Titanium Dioxide China Monthly Report 1505 (12 issues per year)" report covers Ups recorded in exports & imports of TiO2 in China in March 2015, Down in imports of titanium placer, feedstock & up in output of titanium concentrate ore in March 2015 in China, China's TiO2 price maintains upward trend in May 2015, Henan Billions-Sichuan Lomon deal to trigger new flood of M&A in China's TiO2 industry, Chinese TiO2 enterprises release share incentive plans for long-term development, Surmise: M&A of Jilin Gpro induces stock suspension, CNNC TD builds iron oxide pigment subsidiary in Gansu, CNNC TD gains revenue of USD60.33 million in Q1 2015, Price increasing heat of titanium concentrate ore from Sichuan Province hard to continue, Titanium sponge market begins to recover with bright prospect in China, SRI develops new titanium production technique, Altogether 188 programs signed on China Titanium Valley (Baoji City) Trading Exhibition, Comprehensive utilization technologies of rutile titanium ore in Qinghai gain important breakthroughs, Coatings Industry publishes top 50 Chinese coating enterprises in 2015, Down in coating output in April 2015 restrains TiO2 price from increasing in China, Decreasing newly construction area of housing in Jan.-April 2015 impacts demand for TiO2 and coatings in China, BASF Shanghai invests USD173.28 million to build 79,500 t/a automotive coating project, Forecast: Chinese coating industry enjoys new growth point, 2015 CHINAPLAS held in Guangzhou, Chinese coating output drops year on year in April 2015. The report covered companies are - CNNC Hua Yuan Titanium Dioxide Co., Ltd., Henan Billions Chemicals Co., Ltd., Jinpu Gpro Titanium industry Co,Ltd, Sichuan Lomon Titanium Co., Ltd., Shandong Doguide
For further information on this report, please visit- http://www.marketresearchreports.com/ccm/titanium-dioxide-china-monthly-report-1505-12-issues-year
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