LB group leads another price increasing trend.

LB Group issued an announcement on the evening of October 12th. From now on, the sales price of the company’s various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) will be increased by 700 yuan/ton to various domestic customers on the basis of the original price. , To increase US$100/ton for various international customers. It is worth mentioning that this is the ninth price increase announcement issued by the company during the year.

On October 11, the company issued an announcement stating that according to factors such as the market demand for sponge titanium and the increase in raw material prices, the company’s price committee decided that from now on, the company’s subsidiary Yunnan Guotitanium Metal Co., Ltd. and Gansu Detongguo Titanium Metals Co., Ltd. will increase the tax-included sales price of titanium sponge products by RMB 20,000 per ton for various customers on the basis of the original price.

In terms of performance, LB Group issued a performance forecast showing that it is expected to achieve a net profit of 3.51 billion yuan to 4.484 billion yuan in the first three quarters, an increase of 80% to 130% over the same period of the previous year.

In this regard, the company stated that during the reporting period, the company’s main product titanium dioxide market was in a boom cycle, and the sales price increased significantly year-on-year. The sharp increase in material prices and transportation costs has a certain negative impact on operating performance, but the company’s vertical integration of the entire industry chain has fully demonstrated its competitive advantages, which has promoted a significant year-on-year increase in the company’s net profit.

Southwest Securities Research reported that LB Group was first rated as “Buy”, and the EPS score is expected to be 2021-23.

Up to now, major players such as CHTI, HYTY followed the leads, and announced the same increasing while TYGROUP announced 150USD/ton increasing.