Lomon&Billions announce tenth price increase of titanium dioxide
2016-09-14 14:27:38 [Print]
BEIJING (Asian Metal) 14 Sep 16 – Lomon Group announced the tenth price increase of titanium by RMB500/t (USD75/t) in domestic market and USD50/t on export market on 3 Sep as effective immediately. Billions, the second largest titanium dixodie producer in China, declared the same price increase the same day.
A source from Lomon reported to Asian Metal that the company released news of new prices of titanium dioxide on Tuesday afternoon, the tenth price increase this year so far. “Owing to the continuously tight supply and relatively active buying activity, together with the firming up production cost, we have decided to raise further the quotations accordingly,” said the source, revealing that Lomon has been under normal production with typical monthly output of about 25,000 tonnes of titanium dioxide in recent two months, holding light stock at present.
Additionally, as far as the source was concerned, mainstream prices of the rutile type titanium dixodie stand at RMB12,800-13,500/t (USD1,910-2,015/t) ex works in the local market now, an actual RMB300/t (USD45/t) increase compared with last month.
Founded in 1985 and located in Mianzhu, Sichuan, with an annual production capacity of 300,000 tons of titanium dioxide, Lomon is one of the most important titanium dioxide producers in China and one of the influential titanium dioxide giants all over the world. Also, as reported before, SFC has approved Billions’s acquisition of Lomon in June. Therefore, Billions, with current annual production capacity of 260,000 tons of titanium dioxide, including 60,000 tons of chloride process material, will own an annual production capacity of 560,000 tons, ranking the fourth largest titanium dioxide producer after DuPont, Huntsman and Cristal all over the world.
A source from Lomon reported to Asian Metal that the company released news of new prices of titanium dioxide on Tuesday afternoon, the tenth price increase this year so far. “Owing to the continuously tight supply and relatively active buying activity, together with the firming up production cost, we have decided to raise further the quotations accordingly,” said the source, revealing that Lomon has been under normal production with typical monthly output of about 25,000 tonnes of titanium dioxide in recent two months, holding light stock at present.
Additionally, as far as the source was concerned, mainstream prices of the rutile type titanium dixodie stand at RMB12,800-13,500/t (USD1,910-2,015/t) ex works in the local market now, an actual RMB300/t (USD45/t) increase compared with last month.
Founded in 1985 and located in Mianzhu, Sichuan, with an annual production capacity of 300,000 tons of titanium dioxide, Lomon is one of the most important titanium dioxide producers in China and one of the influential titanium dioxide giants all over the world. Also, as reported before, SFC has approved Billions’s acquisition of Lomon in June. Therefore, Billions, with current annual production capacity of 260,000 tons of titanium dioxide, including 60,000 tons of chloride process material, will own an annual production capacity of 560,000 tons, ranking the fourth largest titanium dioxide producer after DuPont, Huntsman and Cristal all over the world.
Titanium Dioxide R TiO2 93%min FOB China
Unit:USD/mt
China titanium dioxide producers' number MoM output increase statistics by province by month
Unit: pcs
