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Chinese titanium dioxide manufactures are increasing the price.

On September 13, the titanium dioxide giant Longbai Group (LomonBillions)and CHTI have successively issued announcements on the price increase of titanium dioxide.

Affected by this news, on the afternoon of September 13th, titanium dioxide concept stocks soared. Lubei Chemical rose 9.04%, Tianyuan shares rose 7.82%, Longbai Group rose 6.21%, and Anada rose 5.8%.

Longbai Group announced that since September 13th, the company’s sales price of various types of titanium dioxide will be increased by 700 yuan/ton for various domestic customers and 100 US dollars/ton for international customers on the basis of the original price. This is Longbai The group raised the price of titanium dioxide for the eighth time during the year.

CHTI announced that, starting from September 14th, the sales price of titanium dioxide will be increased by 1,000 yuan/ton for domestic customers on the basis of the original price, and the export price for international customers will be increased by 150 US dollars/ton. This is the seventh time that CHTI has raised the price of titanium dioxide in this year.

The relevant person in charge of Longbai Group told the “Securities Daily” reporter: “Due to rising raw material prices and increasing demand, the company adjusted product prices again. Factors affecting the price increase of titanium dioxide have always existed. The price of titanium dioxide is expected to continue to rise in the fourth quarter.”

Hu Qimu, the chief researcher of the China Steel Economic Research Institute, said in an interview with a reporter from the Securities Daily: “The price increase of titanium dioxide is mainly affected by two factors, one is the increase in cost, and the other is demand-driven. In the background of the traditional peak season of gold, nine silver and ten In the short term, the impact of demand on prices will be more obvious.”

In an interview with a reporter from the Securities Daily, Mu Guohong, head of the Zhongyuan Securities Research Institute, said: “Titanium dioxide companies have repeatedly raised the price of titanium dioxide for many reasons: on the cost side, the prices of titanium concentrate and sulfuric acid continue to rise and push up the cost of titanium dioxide; On the demand side, as the global economy is recovering, downstream real estate and automobile demand remain strong.”

How about the price trend of titanium dioxide in the fourth quarter? What impact will the rising price of titanium dioxide have on downstream industries? Mou Guohong said: “The fourth quarter enters the peak season for downstream demand, and it is expected that the price of titanium dioxide will still have room for increase. The increase in the price of titanium dioxide will lead to higher cost pressures in downstream coatings, papermaking and other industries.”

Hu Qimu believes: “The price of titanium dioxide is expected to remain high in the fourth quarter. For downstream companies, the continued increase in the price of titanium dioxide will undoubtedly increase operating costs. If the price of titanium dioxide continues to rise, it will suppress downstream demand.”

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