On the evening of September 3, CNNC HUAYUAN Titanium Dioxide Co., Ltd and Lomon Billions both announced that they raised the price of various types of titanium dioxide in the company, raising the domestic sales price by RMB 500/ton and the export price by USD 50/ton. The announcements all indicated that the adjustment of the price of this product will have a positive impact on the overall performance of the company.
At the beginning of August, the sales price of titanium dioxide has experienced a wave of rises. Companies such as CNNC HUAYUAN Titanium Dioxide Co., Ltd and Lomon Billions have announced that they will raise the price of their products. The domestic price will increase by RMB 500/ton, and the international customers will increase by RMB 50-80/ton.
Market participants believe that after a four-month downturn, the current price of titanium dioxide has reached the bottom, so downstream users can also withstand a certain degree of price increases. In addition, the cost of raw materials also supports the price of titanium dioxide.
But some however, industry insiders reminded that this round of price increases may be related to the release trading restrictions on the stocks at the end of the month. This round of stock trading release reached 16 billion CNY.