Tuesday, January 4, 2011

TiO2 China Monthly Report 1002

TiO2 China Monthly Report 1002

China’s economic stimulus package has driven domestic GDP growth and contributed to the global economy recovery in 2009. In the Davos Annual Meeting 2010, China’s vice-premier promised to the world that China will continue to implement measures to realize stable growth, such as encouraging consumption of automobiles and building materials in the countryside in 2010, which is expected to drive a faster GDP growth.
As a beneficiary of the supporting measures, TiO2 has seen increasing consumption and production. Domestic largest TiO2 producer, Shandong Dongjia saw 12.5% TiO2 output growth in 2009. Eyeing the rising demand, Shandong Dongjia and Yunnan Dahutong are planning to expand production.
The soaring TiO2 production has caused shortage of titanium ore, thus boosting titanium ore price since Q4 2009. The rising price of titanium ore, which is expected to continue, will certainly push up TiO2 price. TiO2 multinationals including DuPont, Kronos and Cristal have announced a new round price hike.
Boosted by building material consumption, TiO2 demand from coatings, plastic, etc. is expected to increase. Coating multinationals, such as AkzoNobel and Juton Group, have planned to expand their powder coating production in China.
TiO2 manufacturers are looking forward to a better market in 2010 after the slow recovery in 2009.
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