China's CPI reached record 6.5% in July 2011, indicating that the inflation hasn't been tackled yet. But the PMI in July declined to 50.7%, reaching the lowest in 29 months.
Domestic TiO2 prices started to decrease in August 2011, as China's TiO2 producers have been depressed by the weak demand in June and July. Most producers have benefited from price upsurge in H1 2011, but they may lower their expectations in the second half this year.
The TiO2 downstream companies saw profit decrease in H1 2011, as the costs of TiO2 and other raw materials increased largely in this period.
In order to regulate the coating market, 14 national mandatory standards regarding to coatings have been implemented since 1 August 2011.
As for titanium feedstock, major foreign suppliers took measures to increase production.
Exchange rate in August:
USD1=RMB6.41=EUR0.70
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