Titanium dioxide listed company performance soars industry insiders: prices continue to rise to boost performance in the second quarter may continue to be positive

Since July 2020, the domestic price of titanium dioxide has continued to rise, and the market heat of titanium dioxide will remain unabated by the first quarter of 2021. Recently, the major leading enterprises once again huddled together to raise prices. A number of titanium dioxide companies, such as medium Nuclear Titanium dioxide, Huiyun Titanium Industry, Jinpu Titanium Industry and so on, have issued price increase letters one after another.

Tian Xiaoyu, an industry analyst, told reporters that the sharp rise in titanium concentrate at the end of March gave a shot in the arm to the titanium dioxide link, with the production link announcing an increase of 1000 yuan / ton and the overall quotation coming to 20000 yuan / ton. On the whole, the supply of titanium dioxide in the domestic market was tight in the first quarter, the demand increased steadily, and the price rising trend was obvious. From the perspective of the second quarter, the upward trend in prices will continue.

However, it is worth mentioning that due to good sales in the first quarter, the performance of domestic titanium dioxide enterprises has increased steadily. A number of titanium dioxide listed companies have told reporters that the increase in the price of titanium dioxide products has a positive impact on the company's performance, and the half-yearly report is also worth looking forward to.

The performance of titanium dioxide company is outstanding.

Recently, titanium dioxide enterprises have issued annual reports for 2020 and quarterly reports for 2021.

Longyanbai reported annual revenue of 14.108 billion yuan in 2020, an increase of 24.21% over the same period last year, with a net profit of 2.289 billion yuan. The company reported revenue of 4.645 billion yuan in the first quarter, an increase of 25.89% over the same period last year, and net profit of 1.064 billion yuan, an increase of 18.03% over the same period last year.

Anada achieved a net profit of 65.11 million yuan in 2020, an increase of 101.06% over the same period last year. The company's titanium dioxide production and sales increased by 13.67% respectively over the previous year. Wang Xianlong, the secretary of Anada, told reporters at the 2020 performance presentation meeting that the titanium dioxide market continued to improve in the first quarter of this year, the company basically had no inventory, the output continued to hit record highs, and the performance in the first quarter would be better.

In addition, for the whole of 2020, the operating income of medium nuclear titanium dioxide was 3.716 billion yuan, an increase of 10.03% over the same period last year, and the net profit was 475 million yuan, up 10.27% over the same period last year. In the first quarter of this year, the company expects to make a net profit of 275 million yuan to 332 million yuan, an increase of 70% to 105% over the same period last year.

According to the latest research report of Northeast Securities, the "N" trend of the titanium dioxide market in 2020, especially in the third and fourth quarters, with the epidemic under control, the global economy stabilized, the demand for titanium dioxide stabilized and gradually recovered, and the volume and price of titanium dioxide rose side by side, helping enterprises to increase their performance against the trend.

People in the titanium dioxide industry told reporters that in the first quarter of this year, the supply of titanium dioxide at home and abroad continued to be tight, the demand increased steadily, and the prices of titanium concentrate and sulfuric acid on the cost side continued to rise. The domestic market price of titanium dioxide is strongly supported by this supply and demand and cost side. According to statistics, the price of titanium dioxide increased by 15.80% in the first quarter, and the quarterly average price increased by about 17% over the same period last year, which played a role in improving the performance of enterprises.

Prices rise or continue in the second quarter

Since April, the price of titanium dioxide has risen to 20000 yuan / ton.

In this regard, Tian Xiaoyu told reporters that titanium dioxide prices have continued to rise recently, mainly due to strong demand, rising prices of upstream raw materials, and tight supply caused by the shutdown of some enterprises.

On the demand side, according to relevant materials, under the current situation of strong terminal consumption at home and abroad, such as real estate, cars and home appliances, the output of paint enterprises is also growing steadily, which also means that downstream users continue to be optimistic about the demand for titanium dioxide.

In addition, exports increased significantly in the first quarter. According to relevant data, the export volume of titanium dioxide increased significantly in February 2021 compared with the same period last year, because the continued real growth in external demand was the main factor for the larger year-on-year growth.

The reporter also learned that due to the impact of the epidemic, the operating rate of some titanium dioxide overseas has declined this year, which has led to an increase in domestic titanium dioxide exports, and the export growth has continued, and many domestic titanium dioxide orders have been arranged after June. Even many titanium dioxide buyers said: "No matter the price of titanium dioxide, the goods will be accepted!" .

And the supply is tight, because sporadic manufacturers have carried out 7-15 days of partial installations or shutdown for overhaul one after another before and after the Spring Festival and in March, and manufacturers in some areas have reduced the current start-up load due to the adjustment of environmental protection policies. industry operating rate is also affected by the above-mentioned factors showing high fluctuations, resulting in insufficient supply of titanium dioxide in the first quarter led to a rise in prices.

In this regard, the above titanium dioxide industry insiders told reporters that under the strong support of costs, the domestic titanium dioxide market prices continued to maintain an upward trend in April. Judging from the current situation, this upward trend is difficult to reverse in the short term. "prices have risen several rounds, there are more enterprise orders, and the prices of upstream raw materials are also rising, so the rise in titanium dioxide prices may continue. Then this is naturally good for the semi-annual performance of titanium dioxide listed companies, and even the annual performance is worth looking forward to. "