China is the only major economy that has sustained a strong rebound in the economic recession triggered by the new crown pneumonia epidemic. The latest data highlights China's global economic status. As the second largest economy in the world, China has become the only major economy that is expected to achieve growth this year.
According to the latest data from the National Bureau of Statistics, China's manufacturing purchasing managers' index (PMI), non-manufacturing business activity index (56.4%) and PMI composite output index (55.7%) in November were 52.1%, 56.4% and 55.7%, which were 0.7, 0.2 and 0.4 percentage points higher than the previous month.The three major indexes are at their highest points during the year, and have been above the threshold for 9 consecutive months.
The General Administration of Customs of China announced on the 7th that imports and exports in the first 11 months of this year increased by 1.8% year-on-year to 29.04 trillion yuan. China's import and export data has stabilized and improved.
my country's titanium dioxide industry is closely related to the general environment. Customs data shows: China's cumulative export volume of titanium dioxide from January to October 2020 was 99,9976.4 tons, and my country's titanium dioxide export volume in October was 110,236.39 tons, and the cumulative average export price was $1,928.12/ Tons, a year-on-year increase of 21.81%, a record high over the same period in history.
Recently, nearly 20 domestic titanium dioxide producers such as Lomon Baili (002601), CITIC Titanium, Panzhihua Vanadium and Titanium (000629), and Ningbo Xinfu announced an increase of 500-1000 yuan/ton; foreign manufacturers including Ke Manufacturers such as Chemours, Kronos, Tronox, and Venator announced an increase of $100-150/ton.
At present, all parties in the industry are reluctant to sell and have a strong atmosphere, and the willingness to ship at low prices continues to weaken. Good exports and high prices on the raw materials are still the main factors for the market rise. At present, the raw material titanium concentrate is still strong, and the downstream titanium dioxide price rises again, which makes miners more confident in the price market.
2020 is about to end,2021 New Year's Day is approaching. The downstream stocking market starts, market demand is supported. The market price is stable and bullish, and the market will continue to rise but never fall.
ENDS
