Longbai Group raises the prices of various types of titanium dioxide and scandium products

At noon today, Longbai Group announced that according to factors such as the market demand for titanium dioxide and the rise in the price of raw materials, it was decided by the Price Committee of Longbai Group Co., Ltd. (hereinafter referred to as "the company") that from now on, the company's sales prices of various types of titanium dioxide (including sulfuric acid titanium dioxide and chlorinated titanium dioxide) have increased by 700 yuan / ton to various domestic customers on the basis of the original price. Increase 100 US dollars / ton for all kinds of international customers.

According to the market demand of scandium, the rising price of raw materials and other factors, the price committee of Hunan Oriental Industry Co., Ltd., a subsidiary of the company, has decided that from now on, the taxable sales price of crude scandium oxide (Sc2O3 ≥ 97%) will be increased by 200 yuan / kg to all kinds of domestic customers and 30 US dollars / kg to all kinds of international customers on the basis of the original price. The taxable selling price of high purity scandium oxide (Sc2O3/TREO ≥ 99.99%) is increased by 330yuan / kg to all kinds of domestic customers and US $50 / kg to international customers on the basis of the original price; the taxable selling price of scandium metal is increased by 1500 yuan / kg to domestic customers and 230USD / kg to international customers on the basis of the original price.

Longbai Group said that the company will closely follow the price of titanium dioxide, the price trend of scandium products and the changes of supply and demand, and do a good job in price adjustment of the company's products in time. This product price adjustment will have a positive impact on the overall performance of the company. At the same time, the board of directors of the company reminded investors that the impact of this price increase on sales volume is still uncertain, the duration of new sales prices cannot be determined, and there is a risk that product prices will continue to fluctuate. Investors are respectfully invited to invest rationally and pay attention to risks.

This is only one month after Longbai Group last adjusted the price of titanium dioxide. This is the eighth time that Longbai Group has adjusted the price of various types of titanium dioxide this year. The market of titanium dioxide continues to be optimistic. Buoyed by the news of the price rise, Longbai Group's shares opened higher in the afternoon, up nearly 6% as of pre-draft.