DUBLIN, Feb. 20, 2014
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At the end of 2013, China's economy suffered from a lack of liquidity again and stocks declined, just like in June 2013. The new government refuses to continue the old routestimulating economic growth by injecting liquidity. Besides, Yu Ebao, a new investment fund product that has higher returns than demand deposits in banks, also hit the current bank system. This means banks' cost of deposits and lending rates will be higher than before, which will increase financial cost burden of manufacturers.
In Dec., the domestic TiO2 export price enjoyed a rare MoM growth, which might be a bottom signal. But the domestic TiO2 price accelerated its decline as producers implemented low price strategies to achieve their full-year sales target, and the price of titanium feedstock followed the trend of TiO2 price.
Despite the current sluggish market condition, some producers, like Dongfang Titanium, CNNC Titanium, GPRO Titanium and Luohe Xingmao, expanded their production capacity. There are also new entrants into the titanium industry, which will add to the supply of synthetic rutile and make the competition more intense.
Key Topics Covered:
TiO2 import price declined slightly while the export price enjoyed a rare increase in Oct.
Titanium feedstock imports returned to normal while domestic production increased significantly
Domestic TiO2 price declined massively from mid-Nov. to mid-Dec.
TiO2 companies expand despite the market downturn
Domestic TiO2 price likely to keep steady in 2014
Luohe Xingmao starts the bidding on its second phase of chloride process TiO2 project
Tianyuan Group to enter the titanium industry for new growth point
Capchem plans to acquire Supe Chemical's 56.92% equities
Domestic automobile output is expected to reach 22 million units in 2013
Zhejiang Transfar to acquire Transfar Coating's 100% equity
- CNNC Titanium
- GPRO Titanium
- Henan Billions
- Luohe Xingmao
- Pangang Group
- Shandong Dongjia
- Sichuan Lomon
- Supe Chemical
- Tianyuan Group
- Transfar Coating
- Zhejiang Transfar
For more information visit http://www.researchandmarkets.com/research/xxp97w/tio2_china
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SOURCE Research and Markets