Titanium dioxide volume and price rise related companies in the first quarter performance bright
Affected by overseas market demand, low inventory factors, since January this year, China's titanium dioxide production enterprises have raised the price of the main product many times, the average increase of more than 1000 yuan/ton. Affected by the demand side and the rise in prices, relevant companies in the first quarter of this year also achieved performance "off to a good start". A well-known titanium dioxide enterprise in China told reporters that the market demand for titanium dioxide in 2019 will maintain a high growth trend, and the price is expected to continue to be strong.
Since 2019, the demand side of titanium dioxide has continued to improve. The reason is that on the one hand, the supply of titanium dioxide in the international market is tight, mainly in India, South Korea and Southeast Asia, the infrastructure increment continues to expand, the demand for titanium dioxide is strong, and the price is strongly supported. On the other hand, China's new production capacity is limited, resulting in limited titanium dioxide supply growth. From the supply side, affected by winter environmental protection and other factors, titanium dioxide producers in Sichuan, Henan and other regions have different degrees of limited production, production capacity recovery time is tight, resulting in low overall inventory of titanium dioxide enterprises.
reporter noted that since the start of this year, China's titanium dioxide manufacturers have raised prices several times, the current titanium dioxide (rutile) spot reference price per ton of about 17,500 yuan, different models of products per ton rise rate of more than 1000 yuan.
" This year's titanium dioxide demand is strong, the price is likely to be raised, and is the international, Chinese market synchronization." The company believes that according to the current situation, the demand for titanium dioxide or will continue to be strong, there is still the possibility of price increases.
At the same time, the person told reporters that because the price of raw materials did not rise significantly compared with last year, the production cost of the enterprise also remained relatively stable. Raw material prices will lag behind the production enterprises, at present, the comprehensive cost of titanium dioxide is less than the rise of raw materials." "The source said.
Affected by the volume and price of titanium dioxide, the performance of related companies also had a good performance. Specifically, the first quarter performance forecast released by China Nuclear Titanium Dioxide yesterday shows that the company is expected to achieve a net profit of 102 million yuan to 117 million yuan in the first quarter, an increase of 35% to 55% over the same period last year. For the reason of performance growth, the company said that in the first quarter of this year, the company's cumulative sales of 60,751.96 tons of titanium dioxide, an increase of 16.09% over the same period last year, of which March sales hit a record high. At the same time, the main product rutile titanium dioxide sales price has been raised several times is also the main reason for the growth of performance.
As China's titanium dioxide leading enterprises, Longpython Baili also performed well in the first quarter. Relevant data show that the company accumulated sales of 160,596 tons of titanium dioxide in the first quarter of this year, an increase of 10.11%. For the steady increase in sales, the company believes that in the first quarter of product prices increased twice, sales hit a record high, forming a good start.
Close to the nuclear titanium white people told reporters, because the demand side is good, the current company orders are good, this year's titanium dioxide sales target of 260,000 tons. At the same time, the company is located in Baiyin City sulfuric acid process titanium dioxide production line of the first phase of the annual output of 100,000 tons of titanium dioxide project has entered the trial operation stage, capacity will be released one after another.