The net profit of Jinpu titanium industry increases 13 times in the first quarter, and the titanium dioxide industry continues to improve.

Jinpu Titanium Industry announces its first quarter 2021 results. During the reporting period, the company's operating income was 574.21 million yuan, an increase of 46.98% over the same period last year; the net profit belonging to listed shareholders was 35.455 million yuan, an increase of 1308.05% over the same period last year. The company is mainly engaged in the production and sales of titanium dioxide.

Since the beginning of the year, the titanium dioxide industry has ushered in a new wave of price increases. A number of titanium dioxide enterprises have issued announcements one after another, raising the price of titanium dioxide for many times.

According to SMM data, the price of titanium dioxide remains high. As of April 23, SMM anatase titanium dioxide was at 18250 yuan / ton, up 4250 yuan / ton from 14000 yuan / ton at the end of February. According to SMM, according to the understanding from the production enterprises, the supply of raw materials is tight at present, and some enterprises have entered the state of limiting production and stopping production. At the same time, it is approaching the price adjustment period of Panzhihua Iron and Steel Co., Ltd. The market price of titanium dioxide remains strong, and there are many production schedules of various large factories. Some factories have scheduled production to June, and the downstream demand, especially the heat at the end of foreign trade, remains unabated. In addition, due to the expected increase in the price of titanium concentrate, titanium dioxide enterprises are optimistic about the future price trend. At the same time, under the influence of environmental protection inspectors, the operating rate in Shandong and Anhui is limited, and the tight market supply cannot be improved in the short term. It is expected that in the later stage, with the increase of the price of titanium concentrate, the price of titanium dioxide still has some room to rise.

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Since 2015, under the country's strict environmental protection policy, the clearance of backward small-scale production enterprises has been accelerated, and the trend of industry concentration is obvious. According to data from the Titanium dioxide Sub-Center of the National Chemical Industry Productivity Promotion Center and the Secretariat of the Titanium dioxide Alliance, the annual production capacity of all 42 full-process titanium dioxide production enterprises in China reached 4.17 million tons in 2020. The comprehensive output of all kinds of titanium dioxide and related products was 3.512 million tons, an increase of 330000 tons over the previous year, an increase of 10.39 percent. Of the total output of 3.512 million tons, rutile titanium dioxide is 2.856 million tons, accounting for 81.31%; anatase titanium dioxide is 538000 tons, accounting for 15.33%; titanium dioxide exports in 2020 are about 1.2148 million tons, an increase of about 211300 tons over the whole of 2019. Year-on-year growth of 21.06% the import volume of titanium dioxide in 2020 was about 172400 tons, an increase of about 4784 tons over the whole of 2019, and an increase of 2.85 percent over the same period last year.

The upstream of titanium dioxide production are titanium ore mining and mineral processing enterprises and sulfuric acid production enterprises, while the downstream are mainly coatings, plastics, rubber, paper making, printing inks, daily chemical industry, electronic industry, micro-electromechanical and environmental protection industries. Among them, it is most widely used in the field of paints / coatings, accounting for 58% to 60%, and the change in market demand is closely related to the development of the national economy. It is highly related to the prosperity of the real estate market. With the continuous recovery of the real estate industry, the titanium dioxide industry will continue to improve in the future.