1. China's titanium feedstock supply in 2013 flat from 2012
Tag: TiO2, Price, Import volume, Export volume, Trend, Production, Coatings, Automobile,
Summary: In 2013 the substantial growth in China's titanium feedstock output offset the
decrease in titanium feedstock imports, enabling China's titanium feedstock supply of the year
to be flat from 2012; however, the gloomy downstream TiO2 industry caused serious declines in
both the average import price and domestic market price of titanium feedstock in China.
It is widely expected that China's economic growth will slow down. The former investment-led
growth model, which depended on the real estate industry, is no longer in effect. This is causing
a decrease in the demand for architecture coatings. Such a change in the domestic
environment has determined the future development of the TiO2 industry. China's TiO2 output
increased from 308,000tonnes to 1,803,000 tonnes in 2011 at a CAGR of 19.33%. Assuming
that 2001-2011 is classified as the growth stage of China's TiO2 industry, the industry has
entered a stabilisation stage since the beginning of 2012, according to Titanium China Monthly
Report issued by CCM in Feburary.
It can be judged from the actions taken by the TiO2 multinationals that China's TiO2 industry
has entered a stabilisation stage. As the world's largest TiO2 consuming and producing country,
China's developments are closely watched by the TiO2 multinationals During the stabilisation
stage, an industry's growth will slow down or even stop.
In Sept. 2013, Huntsman Corporation acquired Rockwood Holdings, Inc's titanium dioxide
business, which has caused a further rise in the concentration of the overseas titanium dioxide
industry. In addition, DuPont, the world's largest TiO2 producer with a large market share in
China, has decided to spin off its titanium dioxide segment, because the company predicted
that such a highly cyclical segment will develop at a low speed in the future. DuPont will pay
attention to high-speed investment opportunities in order to maximise opportunities for its
Various TiO2 producers in China are gradually increasing the differentiation of its products and
reducing the homogeneity of their product mix. The market has been subdivided and is
maturing. For example, Sichuan Lomon Titanium Co., Ltd.'s TiO2, which is widely believed to
have good performance in every aspect, has a high price; Shandong Doguide Group Co., Ltd.'s
TiO2 has good stability performance; Yunnan Dahutong Investment Group Company's TiO2
has high covering power; and BlueStar New Chemical Materials Co., Ltd. Guangxi Branch's
TiO2 has high whiteness.
The product mix has changed from being dominated by anatase TiO2 of low added value to
rutile TiO2 of high added value. The TiO2 (general type) has been subdivided into coating
grade TiO2, paper grade TiO2, and plastic grade TiO2, and others. The overcapacity, and the
slowdown in the exports of TiO2 implies that China's TiO2 has been gradually entering a
2. stabilization stage.
TiO2 exports substantially increase at the growth stage but decline when entering the
stabilisation stage. Correspondingly, TiO2 exports fluctuated at a high level in 2012-2013,
following strong growth in 2009-2011. Concerning the production capacity and output, survey
data from CCM shows that the production capacity and output of China's TiO2 industry were
2.98 million t/a and 1.90million tonnes in 2013, and the operating rate was 63.76%.
The analysis method for product life cycle is only used to statistically analyse the current stage
of a product. However, the development of an industry is dynamic and ever-changing, and
technological breakthroughs can change the direction of the industry. For example, a recent
study found that the surface of TiO2 can be photocatalysed to produce hydrogen, and if the
technology is a breakthrough and related products reach mass production, the future
development of the TiO2 industry will be boosted, and will re-enter the growth stage from the
current stabilisation stage. Therefore, this article only provides an analytical point of view.
Table of Contents of Titanium Dioxide China Monthly Report 1402:
China’s TiO2 imports increase substantially while exports rose slightly
China's titanium feedstock supply in 2013 flat from 2012
Post-festival downturn in China's TiO2 market with slight decrease in price
Panxi Experimental Zone starts worldwide bidding for six titanium related projects
GPRO Titanium: net profit increases by 9.98% YoY; anatase TiO2 more profitable than Rutile
Anhui Annada revises downward net profit forecast
Pick-up of TiO2 market to support DuPont in spinning off its performance chemicals segment
Strategies for TiO2 producers in 2014: improve quality, control costs
Henan Billions forecasts 87.22% decrease in net profit for 2013
China's TiO2 industry enters into stabilisation stage
Orient Zirconic intends to acquire 100% equity stake in Winsheen New Material
Changes in pattern of China's titanium feedstock imports
Sky Dragon Group's net profit in 2013 may increase by 2%-20% YoY
Double-digit percentage increases in China's auto output and sales in 2013 boost automotive
Nippon Paint, Dulux and Carpoly: top three frequent coating keywords in Jan. 2014
AkzoNobel maintains first place among worldwide coatings manufacturers
Growth rate of Suzhou Kingswood's revenue decreases in H2 2013
Titanium Dioxide China Monthly Report, issued by CCM on 25
, is mainly comprised of five
columns of news and reports related to TiO2 market, including “Supply & Demand”, “Company
Dynamics”, “Upstream”, “Downstream” and “Price Update”. You can find out more business
opportunities through the latest and helpful information provided in the report.
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