Titanium Dioxide China Monthly Report(Titanium Dioxide China Monthly Report 202210)

In Q3 2022, domestic TiO₂ market prices showed a dropping trend. Mainstream market prices of rutile TiO₂ declined by around 22% and mainstream market prices of anatase TiO₂ fell by around 20% between July and Sept.

In Oct. 2022, TiO₂ prices went down. Domestic TiO₂ enterprises only sold a limited amount of products and many of them cut down production. TiO₂ producers faced huge pressure given the current high-level ilmenite and sulphuric acid prices. TiO₂ prices are unlikely to increase in the near future under sluggish demand. Some enterprises may still be willing to sell their products at reduced prices.

In Sept. 2022, China exported 96,280.15 tonnes of TiO₂, down by 10.83% YoY; the average export price was USD2,403.42/t, down by 16.56% YoY. In terms of import, in Sept. 2022, China imported 3,873.67 tonnes of TiO₂, down by 77.20% YoY; the average import price was USD3,955.77/t, up by 24.48% YoY.

Important market dynamics in Oct. 2022

On 22 Oct., 2022, Anhui Annada Titanium Industry Co., Ltd. released its Q3 2022 report. In Jan.–Sept. 2022, net profits attributed to shareholders of the listed company grow by 56.06% YoY to USD23.34 million (RMB201.18 million).

On 19 Oct., 2022, LB Group Co., Ltd. announced that its subsidiary, Yunnan Metallurgical Xinli Titanium Industry Co., Ltd., intended to increase capital to two titanium subsidiaries; and it planned to establish a joint venture.

On 13 Oct., 2022, CNNC Hua Yuan Titanium Dioxide Co., Ltd. announced that it would invest USD71.84 million (RMB510.00 million) in setting up Huili Fanneng Mining Co., Ltd.

On 10 Oct., 2022, LB Group Co., Ltd. publicised the completion environmental inspection report of its wholly-owned subsidiary, LB Xiangyang Titanium Industry Co., Ltd.'s technical renovation and project expanding TiO₂ capacity from 100,000 t/a to 150,000 t/a on the company's official website.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.0992 on 10 Oct., 2022, sourced from the People's Bank of China.

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