钛白粉中国月报

Welcome to CCM's TiO₂ China Monthly Report 1109.

China sees relatively stable economic growth under continuing high inflation. In August 2011, China's CPI decreased to 6.2% year on year, while PMI increased by 0.2% to 50.9.

Domestic TiO₂ prices continue to decrease in Sept. 2011, but the weak sales status changes little. The average price of rutile TiO₂ drops to USD3,125/t (RMB20,000/t) by mid-September and may fall further later in this month.

In order to promote the energy-saving and emission-reduction program, Ministry of Industry and Information Technology (MIIT) of China issued clean production technology promotion scheme (the scheme) for five industries (including TiO₂ industry and coating industry) on 16 August 2011.

In the coating market, traditional wall insulation coatings lose market share significantly, while nano-coatings spring up, in line with the advocacy of environmental protection. Meanwhile, Jotun COSCO starts the construction of a new marine coating project to meet the growing demand in China. 

Exchange rate in Sept. 2011:
USD1=RMB6.39=EUR0.72