According to industrial media reports, on September 11, Longbai Group, the leading titanium dioxide company, took the lead in issuing a price increase letter to adjust the price of titanium dioxide products. Among them, the domestic market increased 700 yuan per ton, and the international market increased 100 US dollars per ton. Subsequently, more than 20 companies, including Anada, Titanium Chemical, and Dawn Titanium Industry, followed up and issued price increase letters. The increase was consistent with Longbai Group. The sixth round of price increases for titanium dioxide has officially started this year. The sixth round of price increases for titanium dioxide were driven by multiple factors. First, the price of raw materials such as sulfuric acid on the cost side remained high, and the factory price of enterprises had fallen to the cost line; second, the market was sluggish, and some companies limited or stopped production, causing a substantial contraction in market supply and a decrease in low-price supplies; third, “gold, nine, silver, ten” is the traditional peak season for the industry, and enterprises are trying to stabilize market confidence through collective price increases. In terms of net profit scale, Longbai Group, Titanium Energy Chemical, and Anning Co., Ltd. ranked in the top three, with 844 million yuan, 420 million yuan, and 341 million yuan in that order; Vanadium and Titanium shares followed, with net profit of more than 200 million yuan. Looking at changes in net profit, the net profit of Tianyuan Co., Ltd. and Lubei Chemical doubled year-on-year in the first half of the year, with increases of 1157.84% and 119.46%, respectively; Gimpo Titanium, Titanium Energy Chemical, and Huiyun Titanium followed, with increases of 92.33%, 61.93%, and 46.21%; Vanadium and Titanium Co., Ltd. and Anada turned losses into profits year over year.
Zhitongcaijing · 2d ago
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According to industrial media reports, on September 11, Longbai Group, the leading titanium dioxide company, took the lead in issuing a price increase letter to adjust the price of titanium dioxide products. Among them, the domestic market increased 700 yuan per ton, and the international market increased 100 US dollars per ton. Subsequently, more than 20 companies, including Anada, Titanium Chemical, and Dawn Titanium Industry, followed up and issued price increase letters. The increase was consistent with Longbai Group. The sixth round of price increases for titanium dioxide has officially started this year. The sixth round of price increases for titanium dioxide were driven by multiple factors. First, the price of raw materials such as sulfuric acid on the cost side remained high, and the factory price of enterprises had fallen to the cost line; second, the market was sluggish, and some companies limited or stopped production, causing a substantial contraction in market supply and a decrease in low-price supplies; third, “gold, nine, silver, ten” is the traditional peak season for the industry, and enterprises are trying to stabilize market confidence through collective price increases. In terms of net profit scale, Longbai Group, Titanium Energy Chemical, and Anning Co., Ltd. ranked in the top three, with 844 million yuan, 420 million yuan, and 341 million yuan in that order; Vanadium and Titanium shares followed, with net profit of more than 200 million yuan. Looking at changes in net profit, the net profit of Tianyuan Co., Ltd. and Lubei Chemical doubled year-on-year in the first half of the year, with increases of 1157.84% and 119.46%, respectively; Gimpo Titanium, Titanium Energy Chemical, and Huiyun Titanium followed, with increases of 92.33%, 61.93%, and 46.21%; Vanadium and Titanium Co., Ltd. and Anada turned losses into profits year over year.
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