Monday, February 7, 2011

TiO2 China Monthly Report 1005


TiO2 China Monthly Report 1005

It seems that Chinese government will continue to implement the economic stimulus package and industries including automobile industry, architecture, etc. will keep fast growth in China.
Driven by the fast growth of end use sectors, coatings manufacturers, such as PPG, COSCO Kansai, are set to expand their coatings production in China, which will boost TiO2 consumption.
Promoted by the robust demand growth, TiO2 capacity expansion continues in China, which is to cause intense competition in China and abroad. Hence, pressures from China’s players have gone against TiO2 price hikes in Asia Pacific. Fortunately, acquisitions, such as Pangang Group’s acquisition of Zhenjiang Titanium, help to relax domestic competition. And the robust recovery growth in demand for TiO2 from abroad also helps to boost TiO2 manufacturers’ profits.
However, ilmenite raises alarm for domestic TiO2 manufacturers. The main ilmenite export countries including Australia, Vietnam and India are set to raise their export tax for mining products or prohibit ilmenite export, which is to tighten ilmenite supply and raise TiO2 production cost.
TiO2 international trade diverges in Q1 2010
Pangang Group to acquire Zhenjiang Titanium
Anhui Annada gains USD639,344 in Q1 2010
ST Titanium to duplicate GPRO Group!ˉs business
PISI makes progress in developing high purity TiO2
Capacity expansion continues in 2010
Jinzhou Titanium aims to get listed
China captures 21.1% of Thailand’s TiO2 market in Marc
TiO2 industry witnesses industrial consolidation
Titanium resource raises alarm for China!ˉs TiO2 manufacturer
Ilmenite exploitation booms in Africa
PPG is to add investment in China
COSCO Kansai to expand in Changchun
AkzoNobel saw notable growth in China in Q1 2010
Price update in May 2010
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