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Regardless of the export quantity or the export price, there was a noticeable drop in April. When the data came out, the industry was in a bad light. Since the beginning of April last year, the quantity of titanium dioxide exports has increased significantly, and it has exceeded 50,000 tons in April, and some people in the industry are also hoping for hope. This year, it is still able to repeat itself last year, and thus the price of titanium dioxide continues to rise. However, it turns out that history is often difficult to repeat itself. In April, the rare occurrence of exports and the same time of the same period of the same period of the previous year, it can be said that the export of Waterloo, for the domestic titanium dioxide market, also caused a clear negative atmosphere, late prices The trend is therefore overcast.
Here we use the data as a basis to analyze the reasons for the reduction of exports. Finally, based on the current industry environment, how will the market respond to the background of the shrinking export in the later period?
Titanium dioxide exports are less where?
Among the major destinations of traditional exports, the numbers in the United States and Brazil have dropped significantly. According to research data from Zhuochuang Research, the industrial output of the United States fell by 0.3% in the fourth quarter of a year after adjusting for the seasonally adjusted output, and declined for the fifth consecutive month, which was larger than the average economist’s average forecast of 0.2%. In the sub-item, April Manufacturing output was flat compared to the same period of last year, and manufacturing output excluding cars fell by 0.1%. It can be seen that the US economic recovery is weak, and its domestic supply of titanium dioxide is abundant, resulting in a weakened demand for Chinese titanium dioxide. In Brazil, more is plagued by the exchange rate. As China's exports of titanium dioxide in Brazil are mostly traded in dollars, the exchange rate in Brazil has been significantly reduced as the real exchange rate of the Real has plummeted in recent years.
At the same time, we can see that India and Vietnam have maintained rapid growth, and their geographic location and economic development status have prompted them to maintain a high demand for Chinese titanium dioxide. Therefore, it is recommended that domestic enterprises tap more local customers and promote the foreign trade of titanium dioxide. Sales.
The top pillars of domestic exports of titanium dioxide, Longxi, Lililian, and Shandong Dongjia’s total exports in April significantly reduced, according to Zhuo Chuang and some companies responsible for the exchange of understanding, in the past two months, exports in certain regions did show some resistance, mainly due to Europe Due to the abundant supply of titanium dioxide in some parts of North and South America and Southeast Asia, the impact of lower overseas prices, the weakening of domestic export prices, resulting in a reduction in the number of exports. Secondly, not only in terms of titanium dioxide, the global economic conditions are insufficiently stimulated. The overall external demand outlook of various industries is not optimistic. Because of this, HSBC Bank recently stated that China's 2015 export growth forecast will be reduced from 7.1% to 4.2%. Based on the above, we can see that the external demand environment is not good, but in April, the price of titanium dioxide in China rose, and the cost/performance advantage was lacking, causing the export volume to drop significantly.
Titanium dioxide exports, what will happen in the future?
After the Waterloo in April, how was the export of titanium dioxide in the later period? What will happen to the domestic market? First of all, according to Zhuo Chong, some companies have adjusted their export prices in May and their price cuts ranged from US$50 to US$100 per ton. Therefore, China’s titanium dioxide may regain its price advantage and enhance its overseas competitiveness. Zhuo Chuang expects that the downward trend in the export of titanium dioxide may gradually slow down in the next 6-7 months, but it is still very difficult to reach the high level of the same period of last year, and the monthly export volume is expected to be maintained at around 45,000 tons.
Regarding domestic market prices, due to the expected weaker domestic trade demand in June-July, the reduced export volume at this time will undoubtedly further increase domestic sales pressure. Therefore, Zhuo Chuang and the price increase of titanium dioxide in June-July is very difficult, or it will fall into A longer period of stalemate consolidation.
Titanium dioxide export data was released in April 2015, of which the export volume of titanium dioxide in April was 43588.99 tons, a ring volume decrease of 7.03%, a year-on-year decrease of 17.01%; the average export price in April was 1855.77 USD/ton, and the average export price fell by 0.72%. , year-on-year decrease of 8.61%.