In Apr. 2014, due to the downturn of downstream demand, TiO2 prices continued to fall, while titanium slag prices saw decline slightly. Additionally, the imports and exports of TiO2 in Feb. also saw decline compared with that in Jan. In this economic downturn of TiO2 market, many TiO2 enterprises suffered from profit losses, so they had to take various measures to improve their businesses, such as implementing the co-generation technological reform of TiO2 and expanding international market.
Moreover, CCM focused on the TiO2 industry transformation and upgrading as well as inferior products:
1. Due to environmental pressures, market demand and other factors, TiO2 industry encountered the transformation and upgrading. Although the technologies need to be improved, the overall development of denitration TiO2 and chlorination TiO2 were the general trend.
2. The new urbanization construction will bring new development for the coating industry. However, in order to regulate the market development, enterprises and government must improve the quality of the coating and pay attention to anti-counterfeiting activities to cope with the inferior coating products. CCM will continue to follow up on the development trend of the domestic TiO2 industry.
The RMB/USD exchange rate in this issue is USD1.00=RMB6.1503 on 1 Apr., 2014, sourced from the People's Bank of China, except for the price updates on 18 Apr. 2014 (USD1.00=USD6.1586). 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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