Titanium Dioxide market is booming in supply and demand.
In 2022, the scene of titanium dioxide market continues. For the market, there is strong demand at home and abroad. Among them, due novel coronavirus pneumonia abroad, the output is not up to the demand growth, and domestic export demand is higher.
At the same time, from the supply side, most manufacturers maintain full production, and leading enterprises in the industry have begun to expand production. On March 18, according to the business news agency, the latest domestic price is 21100 yuan / ton, and the market is basically stable. Most of them focus on the delivery of early orders, and the actual transaction price is negotiated. Expected in the short term
The market is running steadily for the time being.
Affected by the favorable market, the performance of leading enterprises such as Longbai group has "risen", and they have started the pace of expansion. According to the financial report data, in 2021, Longbai Group expects the net profit to reach 4.577 billion ~ 5.722 billion yuan, with a year-on-year increase of 100% ~ 150%.
In the future, with the gradual withdrawal of small and medium-sized enterprises, the industry will usher in an accelerated reshuffle, and the scale advantage of industry leaders will become more prominent.
Tight supply and demand
On March 9, the latest price increase announcement issued by Longbai group showed that according to the market demand, the rise of raw material prices and other factors, the price committee of Longbai group decided that from now on, the sales prices of the company (including sulfuric ACID method and chlorination method) will be increased by 1000 yuan / ton for domestic customers and 150 dollars / ton for international customers.
The sales price of Longbai group in the first quarter of 2022 increased by about 4500 yuan / ton compared with the same period of 2021. Since the letter of price increase issued by Longbai group, nearly 10 enterprises have successively sent letters to announce the price increase, and the price increase range is generally about 1000 yuan / ton.
According to the statistics of the group, the prices of the company have been raised on August 13, October 9, October 13 and October 9, 2022 respectively.
In 2021, the rise of domestic prices is mainly affected by the rise of raw material costs and the good demand of domestic and foreign markets. In 2022, the supply and demand of raw materials will remain tight, and the demand in foreign markets will intensify, so that the price will continue to remain high.
Recently, the state has successively issued a number of policies to help the development of new infrastructure. The new infrastructure is expected to drive the traditional infrastructure industry to usher in a new round of prosperity. As an upstream product of the traditional infrastructure supply chain, driven by new and old infrastructure, the demand is expected to usher in further growth in the future.
In fact, in February this year, international giants such as venator and kronos also issued price increase letters. According to the price increase letters of these enterprises, the price increase time is as high as $400 / ton since April 1. Among them, the price increase notice issued by fannengtuo said that the price of all products applicable to plastic, paper and other applications will be adjusted, with a maximum increase of US $400 (about 2526 yuan / ton). kronos said that the maximum increase of all products was $200 / ton (about 1263 yuan / ton).
In recent years, domestic consumption and exports have shown an upward trend. The export volume increased from 831000 tons in 2017 to 1312000 tons in 2021, an increase of 57.9%.
The supply pattern is still improving, and the rising cost is one of the driving forces for the continuous price increase.
Downstream pressure
In the downstream industries, the demand for coatings, plastics and papermaking accounts for a large proportion, of which coatings account for about 40%, plastics 20% and papermaking 15%. Since 2021, the price rise of has had a great impact on downstream fields such as coatings, which will directly affect the profitability of coatings and other industries. As the biggest demander of coatings, the pressure of coating enterprises is increasing.
It can be seen that, on the one hand, the price rise road of the coating industry for self-protection will continue; On the other hand, driven by the price rise, the net profits of listed companies such as Longbai group, CNNC titanium dioxide and anada increased significantly in 2021.
Integration acceleration
Despite the spread of market price rise, under the background of dual control policy of energy consumption and stricter environmental protection,
The newly added capacity is relatively small. In 2021, the effective capacity release of the industry is only 100000 ~ 150000 tons.
However, the market demand is strong, and most manufacturers maintain full production. At the same time, leading companies in the industry have expanded their production layout.
On October 25, 2021, Longbai group announced that Sichuan longmang mining and Metallurgy Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of 200000 tons of chloride, vanadium scandium and other rare metals comprehensive recovery demonstration project (supporting 1 million tons of high salt wastewater treatment project).
In addition, public information shows that at present, Hebei Jicheng new material company, a wholly-owned subsidiary of Tangshan Yanshan iron and Steel Co., Ltd., has invested 16 billion yuan to build a chlorination process with an annual output of 1 million tons
The project is under construction. The main construction of phase I of the project has been completed, and the equipment installation is under way. It is planned to complete the trial production in March 2022.
According to the analysis of insiders, in addition to these large groups, there are nearly 20 production enterprises in China with a production capacity of 50000 ~ 100000 tons / year, as many as 16 enterprises with a production capacity of less than 50000 tons / year, and some small production capacity is in the state of shutdown. On the whole, the capacity scale of a single enterprise has a large room for improvement.
The prosperity of the domestic real estate industry is still high, and the application demand of coatings and other products is rising, which is transmitted to
In the industry, the demand growth rate of the industry is higher than the supply growth rate, and the balance between supply and demand is tightening. Enterprises increase market share by expanding production capacity, and the competition is becoming increasingly fierce. With the gradual withdrawal of small and medium-sized enterprises, the industry will usher in an accelerated reshuffle, and the scale advantage of industry leaders will become more prominent.
