TiO2 China Monthly Report 1205
NEW YORK, June 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Welcome to TiO2 China Monthly Report May issue. Apart from the continued weak demand, China's TiO2 producers start to see decreasing prices for titanium concentrate ore and titanium slag in April 2012. The U-turn of titanium feedstock prices first took place in the resourceful Panzhihua area and Yunnan Province in late March. However, it is estimated that the titanium feedstock prices will pick up in late Q2 and Q3 along with the demand recovery, given the inadequate domestic output and restricted import this year.
Besides the uncertainty of the raw material cost, the development of China's TiO2 industry is likely to be affected by the slow national economic growth. China's GDP in Q1 2012 was USD1,714 million, increasing by 8.1% compared with that in the same period last year (calculated at comparable prices). It reflects a slowdown in China's economic growth compared with a GDP growth rate of 9.7% in Q1 2011.
As for China's TiO2 exporters, many new challenges lie before them. Firstly, the International Monetary Fund (IMF) said that the global growth is projected to drop from close to 4% in 2011 to about 3.5% this year, and pick up to 4.1% next year, suggesting a weak export environment. Secondly, the People's Bank of China allowed a greater fluctuation band for its currency RMB against USD in the spot interbank currency market, which increased from 0.5% to 1.0% as of April 16, 2012, pushing China's TiO2 exporters to take exchange rates into consideration.
Exchange rates in April 2012: USD1=RMB6.30=EUR0.76
China saw increased TiO2 export and import situation in March 2012 compared with that in Feb. 2012.
Anhui Annada and Henan Billions failed to keep a strong net profit growth in Q1 2012.
Rockwood had its TiO2 business assessed for sale or IPO.
Huntsman and Kronos gained a good performance in Q1 2012.
Lomon will start its TiO2 project 360 in July 2012.
China set a new record in the import volume of titanium feedstock in March 2012.
Pangang Group benefited from the price increase of titanium concentrate ore in Q1 2012.
Coating output grew in China in Q1 2012.
Plastic production value grew in China in Q1 2012.
TiO2 prices continue to decrease in China in May 2012.
Supply & Demand
China's TiO2 export and import situation in March 2012 1
Company Dynamic 5
Financial performance of Henan Billions and Anhui Annada in Q1 2012 5
Chuangda Group to restructure two Chinese TiO2 companies 6
Rockwood has its TiO2 business assessed for sale or IPO 7
Huntsman and Kronos benefit from high price of TiO2 in Q1 2012 9
Lomon's large project of TiO2 10
Titanium feedstock import volume surges in China in March 2012 11
Pangang Group benefits from high price of titanium concentrate ore in Q1 2012 12
Coating output growing in China in Q1 2012 13
Dow improves the efficiency of TiO2 with EVOQUE 14
Plastic production value growing in China in Q1 2012 15
Price Update 16
TiO2 price trends in China in May 2012 16
To order this report:
: TiO2 China Monthly Report 1205
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