Jinpu Titanium Industry Co., Ltd. said that the company will closely follow the trend of raw material prices and changes in supply and demand conditions, and timely adjust the price of titanium dioxide products. The adjustment of the price of this product will have a positive impact on the overall performance of the company.
The Jinpu Titanium announced that the price adjustment was less than one month before the last price adjustment. Jinpu Titanium Industry Co., Ltd. announced on the evening of August 11th that the company had received a Nanjing titanium dioxide price adjustment letter from its wholly-owned subsidiary. In view of the current rising price of raw materials for titanium dioxide upstream, Nanjing Titanium decided to upgrade all types of anatase from August 11th. Titanium dioxide sales price. The domestic sales price was raised by RMB 300/ton in the original base price and the export price was increased by US$50/ton. On June 20 and August 4 of this year, Jinpu Titanium also announced the price adjustment of products.
It is worth noting that on September 1st this year, another listed company, Li Lilian, also announced that due to the rising prices of the international titanium dioxide market, the company decided to raise the titanium content of chlorination from September 1 on the basis of supply and demand in the titanium dioxide market. White powder sales price of each model. Among them: domestic customers raised 500 yuan / ton; international customers raised 100 US dollars / ton.
Some market analysts believe that after Ken Lilian and Jinpu Titanium have successively announced price adjustments for their products, two other listed companies, which are mainly engaged in the production and sales of titanium dioxide, are also likely to follow up the price adjustment in the near future.
Great Wall Securities stated in its latest research report that the market price of titanium dioxide has always been in the “rising channel†since 2016. The market environment is good, the industry’s attention is high, and the policies are favorable. The coincidence of these factors has contributed to the “bull market of titanium dioxideâ€. "Raising prices have gradually become the "new normal." Li Lilian has made a good start for Golden 9. The market has not tangled this is the first few rounds of price increases, price increases have become the new normal, the market may not appear collective soaring, but the breadth of companies and varieties will be extended, continuity will be strengthened.
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