Upcoming Reorganization for Chinese TiO2 Market
www.cnchemicals.com Time：2013-12-13 Sources of information：www.cnchemicals.com
Merging and reorganization of titanium dioxide companies is emerging in China's Jiangsu, Jiangxi, Henan and Sichuan Province, marked by Nanjing Jinpu Titanium White Chemical Industry Group(000545.SZ)'s plan to acquire another titanium dioxide manufacturer in Jiangsu Province.
Once expanded, Jinpu is going to reach a capacity of 230,000 metric tons and rank among the leading titanium dioxide manufacturers in China.
In its recent downturn, Chinese titanium dioxide market has seen two-year low prices at 13,000-14,300yuan/mt for rutile and 11,300-12,300yuan/mt for anatase, and several trials of increasing prices—led by China's largest manufacturer Sichuan Lomon—prove to be inadequate to stimulate the demands.
Analysts point out that merging and reorganization is an irresistible trend for China's titanium dioxide industry and now comes a good time to set out. It is also predicted that the number of titanium dioxide giants—those possess a capacity of over 300,000 metric tons—will come into being in the coming decade.
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