Titanium Dioxide China Monthly Report(Titanium Dioxide China Monthly Report 202211)

TiO₂ prices edged down slightly in Nov. Some TiO₂ enterprises announced to increase their prices in mid-Nov., but the price rise was barely seen in domestic transaction prices. Downstream enterprises mainly took wait-and-see attitudes during the slack season. TiO₂ market is anticipated to scarcely change in the short run with the coming of the end of the year and the severe epidemic.

According to China Customs data, in Oct. 2022, China exported 99,079.93 tonnes of TiO₂, down by 14.46% YoY; the average export price was USD2,212.04/t, down by 24.49% YoY. In terms of import, in Oct. 2022, China imported 3,267.57 tonnes of TiO₂, down by 274.07% YoY; the average import price was USD4,006.29/t, up by 22.57% YoY.

Important market dynamics in Nov. 2022

On 16 Nov., 2022, the Ecology and Environment Bureau of Deyang City, publicised the reply on the titanium gypsum comprehensive utilisation project of Mianzhu Yijia Technology Co., Ltd.

On 9 Nov., 2022, LB Group Co., Ltd. publicised the environmental impact assessment information of the 200,000 t/a TiO₂ post-processing project of its wholly-owned subsidiary for the second time on its official website.

In late Oct. 2022, several listed TiO₂ enterprises disclosed their performance for Q3 2022. Specifically, in Jan.–Sept. 2022, net profits of Gpro Titanium Industry Co., Ltd., Guangdong Huiyun Titanium Industry Co., Ltd., and CNNC Hua Yuan Titanium Dioxide Co., Ltd. decreased YoY; net profits of Pangang Group Vanadium Titanium Resources Co., Ltd. went up YoY.

The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.2081 on 1 Nov., 2022, sourced from the People's Bank of China.

All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.

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