According to statistics of CCM, in Mar. 2014, exports of China’s TiO2 manufacturers recorded high. However, affected by the downturn of downstream market, imports remained weak. In May, manufacturers raised the prices to pull up the vitality of downstream market, which caused a slight pick-up of TiO2 prices in May after the sustained declines in Jan.-Apr. 2014. Nevertheless, the abundant supply of titanium ore leaded to the unchanged prices of titanium products. It is expected that the prices rebound will be short-lived.
In this issue, CCM concerned about the implementation of the new Environment Protection Law and the localized regulations on air pollution control of many regions which were positive for maintaining the production line of TiO2. Those regulations can improve the upgrading and adjustment of TiO2 industrial structure and CCM will continue to follow the changes of Chinese policies.
The RMB/USD exchange rate in this issue is USD1.00=RMB6.1560 on 5 May, 2014, sourced from the People's Bank of China. All the prices mentioned in this newsletter include the VAT unless otherwise specified. If there is any specific topic you would like us to cover or any subjects you would like us to investigate.
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