Recently, titanium dioxide listed companies have released price information.
On July 10, Dragon Python Baili issued a notice, according to the recent titanium dioxide market situation, after the company's price committee decided to study, from now on, the company's sulfuric acid model titanium dioxide sales price on the basis of the original price for all kinds of customers by 500 yuan per ton.
On July 13, CNNC titanium white and Jinpu titanium industry announced an increase in product prices. CNNC said that from now on, based on the existing sales price of titanium dioxide, the company will comprehensively increase the sales price of various types of titanium dioxide. Among them, the sales price of domestic customers is increased by RMB 500 / ton, and the export price of international customers is increased by US $80 / ton. Jinpu titanium industry announced that from now on, the company anatase type and rutile type titanium dioxide sales price on the basis of the original price, to all kinds of domestic customers by 500 yuan/ton, to all kinds of international customers by 80 dollars/ton.
Industry analysts said that the titanium dioxide price rise is a low rebound, recovery growth. In the first half of this year, the price of titanium dioxide continued to fall by nearly 20% due to the epidemic and weak demand. As of the end of June, domestic rutile titanium dioxide containing tax ex-factory price of 12,000 yuan to 14,500 yuan per ton, anatase titanium dioxide containing tax ex-factory price of 10,300 yuan to 11,800 yuan per ton, compared to the highest value of the year, fell nearly 4,000 yuan. At present, the price level of titanium dioxide has been the lowest in recent years. With the control of the epidemic in China and the recovery of demand, the price of titanium dioxide has basically stopped falling.
Due to the lower price in the first half of the year, titanium dioxide enterprises generally not ideal benefits. Jinpu titanium industry in the announcement of product price information at the same time, also released the first half of the performance forecast. The company is expected to post a net loss of 4.7281 million yuan to 12.05 million yuan in the first half of this year, compared with a profit of 38.8656 million yuan in the same period last year. According to Jinpu Titanium Industry co., LTD., in the first half of this year, due to the coVID-19 epidemic, the company's raw material supply, logistics and downstream demand were seriously affected. The raw material titanium ore procurement cost increased, titanium dioxide price continued to fall, and gross profit margin significantly decreased.
The rising price of products will undoubtedly enhance the profitability of enterprises. CNNC titanium dioxide said that the company will closely follow the trend of titanium dioxide prices and changes in the supply and demand situation, and timely do a good job in the price adjustment of titanium dioxide products. The overall increase of the sales price of the company's main products is conducive to further improving the company's sustainable profitability, is conducive to improving the company's market position and influence, and is expected to have a positive impact on the company's operating results.