Affected by the sluggish demand for downstream, the price of
Titanium Dioxide continued to fall at the end of the year. The price of gold and red stone -type titanium pink powder in major domestic manufacturers was about 15,000 yuan/ton, close to the lowest price in 2022. Relevant enterprises told the Financial Association that since the third quarter of this year, the demand for titanium pink powder is too low, and the number and price of titanium pink fell have fallen, which will have a great impact on the performance of the enterprise.
From the perspective of the industry's price trend, the Titanium Dioxde Powder in the first half of the year maintained a high level, and the price was about 20,000 yuan/ton or more; but after the industry's off -season in the second half of the year, the cost support weakened, while the gold nine -silver was not strong. Flow.
Pvc Resin as the raw material for building coatings, the demand in the second half of this year is directly related to the downturn in the real estate industry. Industry data shows that in 2022, the new construction area of real estate has been in a negative growth state. April-May was affected by repeated popularity. From July to August, it is in the low season of traditional industries, and the construction area has decreased significantly. The peak season in September is not strong, and the demand is not as good as expected. Due to the downturn in the real estate industry, the downstream coatings are insufficient. In addition, the coating industry data shows that the compound growth rate of the building coating industry from 2020-2022 was -1.68%, which was in a shrinking state.
While the demand is sluggish, in 2022, the titanium pink industry will increase the production capacity of 290,000 tons, of which the biggest is the 100,000 tons of chloride production capacity of the Longbai Group (002601. SZ) that was put into production in January this year.
Related companies told the
Boric Acid Flakes CPPCC reporter that Longbai Group has its own titanium concentrate resources and has a low production cost. As a leader in the industry, its shipments are large and the price is low, which will put a lot of pressure on other companies without mineral resources. At the current price, titanium -white powder companies are not easy to cover production costs, and profits remain low.
However, the cost of titanium white raw materials in the second half of the year also decreased with the price of titanium white, and the pressure of manufacturers was reduced. The main raw material sulfuric acid of titanium pink powder is currently priced at 200 yuan/ton. In the second half of this year, the price of titanium concentrate also declined due to weakening the demand of titanium -white enterprises. As of now, the price of 46 titanium concentrates does not include about 2080-2150 yuan/ton, a decrease of about 400 yuan/ton from the high price during the year.
The supply of titanium dioxide in 2023 will continue to expand. According to data from Longzhong Information Annual Report, nearly ten new titanium -white powder plants will be put into production in 2023, with a production capacity of 1.51 million tons, of which 260,000 tons of chloride method and 1.25 million tons of sulfuric acid method. If all are put into production on schedule, the national titanium powder output will reach 6.23 million tons in 2023. The overall growth rate of supply is higher than the growth rate of consumption, and the market supply may be greater than demand.
In addition, Longzhong Information Annual Report Research showed that 45%of industry participants rose and 40%saw the price of Chinese titanium pink powder in 2023.
Some bullish companies believe that the domestic economy will continue to improve in 2023, which will support the demand for titanium pink powder market. China is still the most stable exporter. With the increase of international market share, the domestic market will continue to rise driven by exports. The short -ngfeed person believes that the domestic real estate industry is sluggish, and the macroeconomic expectations are expected to be cautious in global inflation expectations. In this context, it is difficult to increase the global demand end in a short period of time, and the rapid growth of production capacity will exacerbate the trend of supplying greater than the demand. The domestic and foreign demand is weak and a negative impact on prices.
In this regard, people in the industry told the Finance Press that the increase in titanium pink powder from 2020-2021 was significantly, mainly due to the surge in exports after the epidemic, and short-term supply was in short supply. The rare high price of more than 20,000 yuan/ton is still continuing. In the future, the industry will continue to expand production and overcapacity. The price of titanium pink will return to a normal range of 17,000-18,000 yuan/ton. At present, it can be expected that the real estate market will recover next year, but it is unknown to how much downstream demand can grow. For future titanium pink companies, in order to obtain stable profits, it is either to seize the source of mineral raw materials and continuously reduce costs; or vigorously develop secondary industries such as iron phosphate.
