Analysis on the future market transaction price of

2022-08-18
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Analysis of the future market transaction price of titanium dioxide in China in 2017

release date: Source: China industry information editor: Yu Jia browse times: 3261 copyright and disclaimer

core tip: it is estimated that the new demand for titanium dioxide in 17 and 18 years will be 320000 tons (domestic 210000 tons, export 110000 tons) and 300000 tons (domestic 180000 tons, export 120000 tons), respectively, while the supply side in 17 years The actual new capacity in 18 years will be 170000 tons (150000 tons by sulfuric acid method and 20000 tons by chlorination method) and 250000 tons (50000 tons by sulfuric acid method and 200000 tons by chlorination method)

[China Packaging News] it is estimated that the new demand for titanium dioxide in 17 and 18 years will be 320000 tons (domestic 210000 tons, export 110000 tons) and 300000 tons (domestic 180000 tons, export 120000 tons), respectively, while the actual new capacity of the supply side in 17 and 18 years will be 170000 tons (sulfuric acid method 150000 tons, chlorination method 20000 tons) and 250000 tons (sulfuric acid method 50000 tons, chlorination method 200000 tons) respectively

from 2016 to 2018, the growth rate of titanium dioxide demand was 11.8%, 12.3% and 10.3% respectively, and the growth rate of supply was 2.7%, 4.7% and 6.6% respectively. The demand growth rate is higher than the production capacity growth rate, which further tightens the supply-demand balance of the titanium dioxide industry. The price of titanium dioxide is expected to remain in the strong range of yuan/ton (rutile type) and yuan/ton (anatase type) respectively

1. The concentration and synergy of titanium dioxide industry have increased, and discourse equipment has taken electronic experimental rights

in recent years, benefiting from the shutdown and production reduction of some small and medium-sized titanium dioxide production enterprises in China, the concentration of titanium dioxide production enterprises in China has increased significantly, and longmang Baili, formed by the merger and reorganization of longmang titanium industry and Bailian, was born, What's more, it significantly improves the production status of titanium dioxide enterprises in Nangang by monitoring orders through mobile terminals; The right to speak in the industrial chain of received orders. In this price rise cycle, major enterprises in the titanium dioxide industry showed strong market synergy and improved their profitability as a whole

2. The inventory of titanium dioxide is at a low level in recent years

the inventory of titanium dioxide has generally shown a gradual downward trend since the middle of 2016. Although it has rebounded slightly recently, it is still at the historical level on the whole, reflecting a tight supply and demand pattern

3. Titanium dioxide has a strong ability to transmit the price rise of upstream titanium concentrate

the cost of raw materials accounts for a large proportion in the production cost of titanium dioxide, among which the cost of titanium ore accounts for the largest proportion. Therefore, the change of titanium concentrate price will have a certain impact on the cost of titanium dioxide production enterprises. However, from the price changes of titanium dioxide and titanium concentrate in the past year, it can be seen that titanium dioxide manufacturers can better transmit the price rise of titanium concentrate to the product price, and the product price difference increases significantly

at the end of May, with the resumption of production capacity of titanium concentrate manufacturers shut down due to environmental factors in early 2017 and the competition from overseas ores, the price of domestic titanium concentrate decreased significantly. However, the price of titanium dioxide remained high and strong. The expanded price difference increases the profitability of titanium dioxide enterprises, and also reflects the improvement of pricing power of titanium dioxide enterprises in the market

titanium dioxide price and price difference (yuan/ton)

4. The downstream industry is highly dependent on titanium dioxide

the main role of titanium dioxide in downstream products is to make the products show a good white appearance. Compared with other white pigments such as zinc sulfide, titanium dioxide has outstanding performance. It has obvious advantages in covering power, achromatic power and coloring power, and has strong specificity. It is difficult to be replaced by other products with high efficiency, energy saving advantages and high cost performance

the price of titanium dioxide has a different proportion of impact on downstream enterprises. It is estimated that the gross profit margin of typical coating, plastic and paper enterprises will decrease by 0.47%, 0.17% and 3.23% respectively under the univariate condition that the price of titanium dioxide will increase by 1000 yuan on the basis of the purchase price in 2016

although the price of titanium dioxide increased by more than 60% in 2016, comparing the net profit rate data of the coating, plastic and paper industry in 2015 and 2016, it can be found that the net profit rate of the coating and plastic enterprises has not been affected, which shows that the coating and plastic industry can better transmit the impact of the price rise of titanium dioxide to the customers, and the clamping force is reduced, so it has a high acceptance of the price rise of titanium dioxide. The decorative paper industry is very sensitive to the price rise of titanium dioxide, and its price rise pressure is great

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