TiO2 China Monthly Report 1112
Welcome to TiO2 China Monthly Report 1112, the last issue in 2011.
China's major macroeconomic risk shifts from inflation to growth, reflected by the slowdown in year-on-year increase of both CPI and PPI in Nov., coupled with a manufacturing PMI reading of 49.0% indicating a contracting manufacturing economy.
The People's Bank of China cuts the reserve requirement ratio by 0.5%, effective from 5 Dec. 2011, aiming to ease banks' liquidity pressure and promote credit growth. In addition, the National Development and Reform Commission decides to intervene in the prices of coal for power generation and increase the prices of electricity from 1 Dec.
China's TiO2 industry faces price rebound and sustained weak demand this month. Producers estimate profit shrink in 2012 due to ore cost increase and uncertainty in demand.
By Nov. 2011, China has totally produced 9,753 thousand tonnes of coatings this year, indicating an annual output growth rate of about 11%, despite reduced output of architectural coating.
The provisional duty rate of 10% for titanium ore export will remain in 2012, according to an updated Tariff Implementation Plan released on 9 Dec. 2011.
Exchange rates in Dec. 2011: USD1=RMB6.34=EUR0.75
China's major macroeconomic risk shifts from inflation to growth, reflected by the slowdown in year-on-year increase of both CPI and PPI in Nov., coupled with a manufacturing PMI reading of 49.0% indicating a contracting manufacturing economy.
The People's Bank of China cuts the reserve requirement ratio by 0.5%, effective from 5 Dec. 2011, aiming to ease banks' liquidity pressure and promote credit growth. In addition, the National Development and Reform Commission decides to intervene in the prices of coal for power generation and increase the prices of electricity from 1 Dec.
China's TiO2 industry faces price rebound and sustained weak demand this month. Producers estimate profit shrink in 2012 due to ore cost increase and uncertainty in demand.
By Nov. 2011, China has totally produced 9,753 thousand tonnes of coatings this year, indicating an annual output growth rate of about 11%, despite reduced output of architectural coating.
The provisional duty rate of 10% for titanium ore export will remain in 2012, according to an updated Tariff Implementation Plan released on 9 Dec. 2011.
Exchange rates in Dec. 2011: USD1=RMB6.34=EUR0.75
Contents
SUPPLY & DEMANDChina sees flagging TiO2 international trade in Oct. 2011
COMPANY DYNAMIC
China's TiO2 industry needs to promote new marketing models
DTT reserves Base Resources' rutile in Kenyan project
Henan Billions gets patents related to TiO2 production
Wuhan Fangyuan promotes acidulation tail gas treatment technology
UPSTREAM
China's titanium feedstock import situation in Oct.
Retrospect of China's titanium feedstock import, by Oct. 2011
Baobab seeks partner to develop mineral sands in Moazambique
Hongli Titanium to develop new project with local government
DOWNSTREAM
PPG seeks partners in TiO2 production
More guidance called on TiO2 application
Huili Paint granted by CTC to support affordable housing projects
New TiO2 application methods make our life easier and healthier
PRICE UPDATE
China's TiO2 prices rebound slightly in Dec.
TiO2 price hikes to continue in early 2012
COMPANIES MENTIONED
Jinzhou Titanium, Sichuan Lomon, Xiamen Titanos, Henan Billions, Wuhan Fangyuan, Hongli Titanium, Huili Paint Skip to top