On August 10, Longbai Group issued a notice to adjust the prices of its various types of titanium dioxide.
According to the announcement, according to the market demand for titanium dioxide, the rising price of raw materials and other factors, the price committee of Longbai Group Co., Ltd. (hereinafter referred to as "the company") has decided 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 200 US dollars / ton to all kinds of customers downstream on the basis of the original price. The company will closely follow the price trend of titanium dioxide and the changes of supply and demand, and do a good job of price adjustment of titanium dioxide 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.
It is reported that this time from the last price increase of Longbai Group is only more than a month, as the leader of the titanium dioxide industry, Longbai Group has announced seven increases this year, and this increase is significantly greater than the previous six. In addition, the overall trend of market prices in the first half of this year is strong, and the profits of enterprises in the industry are considerable.
Review of Longbai Group's price increase this year:
On January 8, the price increased by 500 yuan / ton or 100 US dollars / ton;
On February 7, the price increased by 1000 yuan / ton or US $150 / ton;
On March 10, the price increased by 1000 yuan / ton or US $150 / ton;
On April 11, the price increased by 1000 yuan / ton or US $150 / ton;
On May 10th, the price increased by 1000 yuan / ton or US $150 / ton;
On July 1 (announcement of June 8), the price increased by 500 yuan / ton.
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