DUBLIN, Feb. 20, 2014 /PRNewswire/ --
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On Jan. 21, 2014, the National Bureau of Statistics of China (NBS) reported China's GDP (gross domestic product) in 2013, which was USD9.29 trillion, attaining a YoY growth rate of 7.7%. The 7.7% growth rate was higher than government's target, but obtained a 14 years' low. Meanwhile, due to government's control on real estate industry, the growth rate of domestic real estate industry in 2013 was 6.6%, which was 1.1% lower than the GDP growth.
In the beginning of 2014, the domestic TiO2 price declined further and the approaching of Spring Festival made the market more sluggish. Most domestic TiO2 producers took advantage of the Spring Festival to maintain their facilities. According to the authors' investigation, China produced 1.90 million tonnes of TiO2 in total in 2013, which was the same level as in 2012. However, the export volume of TiO2 in 2013 is expected to increase slightly while the domestic demand remained soft, and the TiO2 inventory at the end of 2013 was at a high level.
Key Topics Covered:
TiO2 import volume soared while export volume increased moderately in Nov.
Titanium feedstock imports increased while domestic output fell in Nov.
Domestic TiO2 market becomes quieter before the Spring Festival
Export growth to be the driving factor for China's TiO2 consumption in 2014
China produced around 1.90 million tonnes of TiO2 in 2013
It's wise for Shandong Dongjia to halt its IPO application
SRL attains massive growth in production but suffers massive drop in profit in 2013
Comparison of TiO2 properties indicators and requirements of end users
Increasing domestic auto output and lower raw material cost increase KNT's profit
Aroused public concern over pipeline safety to bring opportunities for anti-corrosion coating
- China Petroleum & Chemical Corporation
- CNNC Titanium
- GPRO Titanium
- Henan Billions
- Pangang Group
- Shandong Dongjia
- Shanghai Kinlita Chemical Co., Ltd.
- Sichuan Lomon
- Sierra Rutile Limited
For more information visit http://www.researchandmarkets.com/research/p44zc3/tio2_china
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SOURCE Research and Markets