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Domestic TiO2 Might Meet Price Up in H2 2013 (20130725) (1)

Domestic TiO2 Might Meet Price Up in H2 2013 (20130725) (1)

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Published by: CCM International Limited on Jul 26, 2013
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07/30/2014

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Fu Yijiang: domestic TiO2 might meet price up in H2 2013
Summary:
The price of domestic TiO2 is expected to increase in H2 2013 by domestic TiO2producers and distributions.
Tags:
TiO2, titanium dioxide, Titanox Group, rutile, anatase, price monitoring, coating industry,average price, export volumeThe General Manager Fu Yijiang of the Titanox Group expressed the same expectation withother domestic TiO2 prioducers and distributors that the price of domestic TiO2 might increasein H2 2013 during CCM's telephone interview with him. Titanos Group, founded in 1989, is thelargest distribution channel and service provider of TiO2 in China and commands significantmarket recognition and market shares in the industry.The price of TiO2 kept declining in the past H1 2013. According to CCM's price monitoring, the average price of rutile TiO2 declined from around USD2,800/t at the beginning of this year toaround USD2,500/t in the middle of June 2013, and the average price of anatase TiO2declined from around USD2,350/t at the beginning of this year to around USD2,100/t in themiddle of June 2013. As a result, most of domestic TiO2 companies have reached abreak-even point in H1 2013, while they enjoyed a large scale of profitability during 2011 to H12012. According to Manager Fu, domestic TiO2 industry encountered the longest downside cycle inrecent years. In Jan. 2013, domestic TiO2 price continued the downtrend begun in H2 2012. InFeb.
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March 2013, due to the traditional dull season and the Chinese Spring Festival holiday,the domestic TiO2 price kept relatively stable, but the price kept decreasing after March 2013.Mr. Fu deemed that the weakening demand from downstream caused the sluggish market of TiO2 industry. First of all, the biggest TiO2 application field
coating industry also witnessedslowing growth in output. During the first five months of 2013, 4,787,822 tonnes of coatingswere produced in China totally, attaining a YoY growth of 5.39%, which is much lower than thatof 10.70% in the same period in 2012. Most coatings producers shortened their purchasinginterval and thus the inventory cycle time was cut down to one or two months from threemonths to avoid large-scale purchase and purchase TiO2 upon actual demand instead.Secondly, the export volume of TiO2 during Jan.
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May 2013 was also disappointing. Accordingto the monitoring data of CCM,China's TiO2 export volume in Jan.
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May 2013 slided to161,183 tonnes from 209,551 tonnes in the same period of 2011, seeing a YoY fall of 23.08%.On the contrary, the TiO2 import volume has kept increasing since Feb. 2013, which stroke thedomestic market. Although the coatings & ink industry might still be in the weak status, the domestic price of TiO2 is expected to increase in H2 2013 by domestic TiO2 producers and distributions. What'smore, the consecutive price increase actions of international TiO2 giants will do favor todomestic TiO2 market.

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