Titanium Dioxide China Monthly Report 1510 is a new market research publication announced by Reportstack. In this issue, apart from paying attention to the imports, exports, price, and upstream & downstream products of TiO2 as usual, CCM also analyzed the predicament that the Chinese titanium slag industry in and PPG's performance in Q3 2015. Besides, CCM also made a special report on Jilin GPRO's issuing private placement to march into financial market.
In Aug. 2015, Chinese TiO2 market slumped rapidly and demand for TiO2 from downstream industries was insufficient. As a result, both of the import volume and domestic market price of TiO2 recorded MoM drops. Besides, the international TiO2 market was also restricted by insufficient demand, leading to a MoM fall in Chinese export volume of TiO2. In the same month, import price of ilmenite continued to climb up and the import volume dropped significantly. Besides, domestic output of ilmenite remained its downward trend due to the sliding output of titanium concentrate from Sichuan Province.
To access full report with TOC, please visit Titanium Dioxide China Monthly Report 1510.
As for the predicament that the Chinese titanium slag industry in, CCM believes that, the sluggish TiO2 market was only the last straw to the depressed titanium slag market and the real reasons for this tragedy are the three big internal contradictions: severe overcapacity, small-scale capacity with backward production techniques and product quality that doesn't meet market demand.
CCM also paid attention to many other hot topics such as: On 10 Oct.,2015, CNNC TD released an announcement, showing that it would deposit its idle raised funds of USD14.17 million (RMB90 million) into banks for three months; On 15 Oct.,2015, CNNC TD revised its performance forecast for the first three quarters of 2015, showing that it may suffer losses instead of making profits; On 19 Oct., 2015, news from Panzhihua Vanadium & Titanium Trading Center (PVTTC) disclosed that the transactions conducted via the center created a transaction value of about USD976.30 million (RMB6.20 billion) in the first three quarters of 2015; Anhui Annada suffers losses in Q1-Q3 2015; On 21 Oct.,2015, Pangang Vanadium Titanium announced to terminate the equity transaction of its subsidiary KML due to disagreement on assets valuation.
The RMB/USD exchange rate in this issue is USD1.00=RMB6.3505 on 8 Oct.,2015, sourced from the People's Bank of China. All the prices mentioned in this newsletter include the VAT unless otherwise specified.
Henan Billions Chemicals Co., Ltd. ; CNNC Hua Yuan Titanium Dioxide Co., Ltd.; Jinpu Gpro Titanium industry Co,Ltd.; Sichuan Lomon Titanium Co., Ltd.; Anhui Annada Titanium Industry Co., Ltd.
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