[SMM comment] the share prices of related companies soar in response to the rising price tide of titanium dioxide.

Today, the titanium dioxide plate is strong. By midday, Jinpu titanium industry rose 7.61%, Anning shares, Panzhihua Iron and Steel Vanadium and titanium rose more than 6%, Longyun Baili rose more than 5%, Huiyun titanium industry, medium nuclear titanium dioxide, Anada and so on rose.

"Click to view the historical spot prices of related metals.

China Nuclear Titanium dioxide announced at noon yesterday that from now on, the sales prices of various types of titanium dioxide of the company will be raised comprehensively, with the sales prices of domestic customers rising by 1000 yuan per ton and the export prices of international customers by 150 US dollars per ton. Yesterday night, Jinpu titanium industry, Anada also raised the sales price of titanium dioxide, the rate of increase is the same as that of medium-core titanium dioxide.

"cost pressure and tight supply and demand double promote the collective price increase of titanium dioxide" East China Iron Triangle "

According to statistics, this price increase is the fifth time that enterprises have raised the price of titanium dioxide since 2021. The price increases of titanium dioxide enterprises for many times are due to the domestic and international titanium dioxide market demand and the rise of raw material prices and other factors.

According to relevant sources, strong demand downstream made the supply side tight, superimposed raw material prices Synchronize and rose, resulting in five rounds of increases this year. On the demand side, the prosperity of downstream automobiles and real estate led to the growth of paint demand, as well as strong overseas demand and other factors make the prosperity of the titanium dioxide industry continue to rise.

Prior to this, the first-quarter results of the relevant titanium dioxide enterprises also showed the good development of the titanium dioxide industry. In April, the output of rutile titanium dioxide in Anada Titanium Industry broke through the 9000 tons mark for the first time, reaching 9222 tons. The monthly output is 392 tons more than the record high of 8830 tons in February this year, which has reached a new high so far this year. "the monthly output of rutile titanium dioxide in Anada Titanium Industry has exceeded the 9000 ton mark for the first time.

"the net profit of Jinpu titanium industry has increased 13 times in the first quarter, and the titanium dioxide industry continues to improve.

Upstream raw materials are rising, downstream supply exceeds demand, the company is currently at full capacity production, orders are sufficient. " Some people in titanium dioxide enterprises said that the industry still could not reach the maximum supply when individual manufacturers cut production in May. While exports remain hot, the supply and demand side will still be in short supply. "in the case of limited production capacity, the domestic titanium dioxide market will be in short supply, this situation may continue for two or three years, until the new capacity is on the ground."

Pacific Securities pointed out that the high boom cycle of the titanium dioxide industry is expected to continue from the third quarter of 2020. With the gradual recovery of domestic and foreign demand and the local high pressure of titanium ore, the titanium dioxide industry has opened a new cycle of price increases. We expect that the price of titanium dioxide is easy to rise and fall in the later stage, and the industry is expected to continue. On the demand side, from January to March 2021, the domestic commercial housing sales area was + 63.8% compared with the same period last year, the new housing construction area was + 28.2%, and the housing completed area was + 22.9% compared with the same period last year. At the same time, the US real estate cycle is upward, exports are improving, and internal and external resonance. It is expected that the global demand for titanium dioxide will increase significantly in 2021 compared with the same period last year.

Pacific Securities: China Nuclear Titanium dioxide performance High growth benefits Titanium dioxide Business cycle

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. At present, the titanium dioxide industry has entered the traditional peak season. Under the background of rising titanium concentrate prices and sustained recovery of domestic and foreign demand, titanium dioxide prices are expected to usher in a new wave of large-scale price increases after the holiday. At present, the prosperity of each link of the titanium dioxide industry chain is optimistic, and the industry may continue the upward cycle.