Chaff Cutter Machine,Silage Chaff Cutter Machine,Chaff Cutter Chopper Machine,Chaff Feed Cutter Machine HUNAN JINSONG MACHINERY CO., LTD , https://www.sheller.nl
Faced with this phenomenon, many international major manufacturers have made some measures to deal with them. For example, Huntsman shut down the 100,000 tons of sulfuric acid titanium dioxide plant in France; Tenova shut down the titanium dioxide plant in Hamilton, USA A production line and a production line of the Australian Pigment Factory reduced its titanium dioxide production line by 15%. According to statistics, the number of overseas titanium dioxide giants that have been shut down since 2015 has reached 320,000 tons.
Chinese Titanium Dioxide Industry Implements Supply-side Reform
Looking ahead to the report of the Industry Research Institute’s 2017-2022 China Titanium Industry Development Prospects and Investment Strategy Planning Report, China’s titanium dioxide industry has experienced rapid development during the “Twelfth Five-Year Plan†period, and China has become a global producer of titanium dioxide. As a major consumer country, especially in the past ten years, the processes and technologies based on the sulfuric acid process have been improving, single-line production capacity has increased substantially, and production capacity output has grown at a rapid rate. The compound annual growth rate has reached 15% in the past eight years. In 2015, China produced 3.524 million tons of titanium dioxide, produced 2.323 million tons, and had an apparent consumption of 1.989 million tons.
However, due to the disorderly investment that led to excess capacity at the low end, China's titanium dioxide industry is extremely competitive and its profitability is declining. Moreover, due to the fact that our country mainly uses sulfuric acid as the main method and the relative pollution is relatively large, under this background, the Ministry of Environmental Protection of China has accelerated titanium dioxide. Industry pollutant prevention and control, in 2016 the existing production capacity has already shut down or shut down nearly 400,000 tons of all the production capacity, mainly concentrated in the fifth tier small-scale enterprises with a capacity of 30,000 tons or less, plus the newly put into production capacity, as of 2016 The total production capacity of titanium dioxide in China is 3.59 million tons, and the growth control is better.
The “Thirteenth Five-Year Plan†of titanium dioxide proposed that the supply-side structural reform of the titanium dioxide industry will be further promoted. In the future, the titanium dioxide industry will be promoted with “three reductions, one reduction and one supplementâ€, and capacity reduction, destocking, de-leveraging and cost reduction will be implemented. , fill short boards, dispose of "zombie enterprises", and promote the elimination of excess production capacity.
In addition, according to the forecast in the “Thirteenth Five-Year Plan†of China's paint industry, the paint output will maintain a growth rate of 7% for the next five years, and the estimated growth rate of titanium dioxide production will be around 4%-5% in the next five years. Based on this estimate, titanium dioxide production will be around 300-3.3 million tons in 2020, and the current production capacity of 3.59 million tons basically meets the requirements.
Titanium Dioxide Production Renewed High under the “De-capacity†Policy
According to the statistics of titanium dioxide industry association, the production capacity of titanium dioxide in China was 3.591 million tons in 2016, continuing the statistical construction of 925,000 tons in 2014. The proposed construction is 1.23 million tons, and part of the actual capacity under construction has been suspended during 2015; It was 2.5972 million tons, an increase of 11.8% from 232.3 tons in 2015, and a record high.
Industry analysis Under the background of “de-capacityâ€, the main reason for the increase in production of titanium dioxide in the country was that after the international titanium dioxide giant peeled off and consolidated its titanium dioxide business, the export volume of titanium dioxide soared to 720,500 tons (2015 53.83 million tons), and prices continued to soar in 2016. The pull of downstream market demand led to continued expansion of upstream production.
After going through the upward trend of the market price in 2016, the titanium dioxide market will enter a reasonable price range. In 2017, the capacity-reduction of supply-side reform will remain the key. In the long run, benefit from supply-side reforms and environmental protection thresholds. The future titanium dioxide production capacity growth rate is only about 3%, the downstream demand growth rate of about 6%, titanium dioxide industry supply and demand structure will continue to improve, titanium dioxide prices are expected to continue rising.
Titanium Dioxide supply side reform to produce capacity into the main theme of the "Thirteen Five"
After the financial crisis in 2008, the production capacity of titanium dioxide in the world showed a certain reduction, but with the gradual recovery of the international economic environment, the production capacity of titanium dioxide began to rise. In 2014, the global titanium dioxide production capacity reached 7.8 million tons. In 2015, the overall market demand for titanium dioxide in the global market was weak, with excess production capacity. Even foreign companies with economies of scale and technological advantages have been in trouble for the past few years. As the global leader, Chemours continues to decline in profitability, and in 2015 it has fallen to Breakeven point, and Tronox, Kronos company fell into a serious loss, Tronox has been losing money for three consecutive years.