EU Anti-dumping Investigation on Titanium Dioxide from China
On July 11, the European Commission issued an announcement, making a preliminary anti-dumping ruling on titanium dioxide originating in China: LB group is 39.7%, Anhui Gold Star group is 14.4%, other responding enterprises are 35%, and other non-responding enterprises are 39.7%. The tax rates far exceeded expectations.
The EU announced the implementation of the preliminary anti-dumping duty rate, which is tentatively scheduled to be implemented for six months. Faced with the impact of high exchange rates and high shipping costs, this tax rate increase further exacerbated the export market price of titanium dioxide. As the main export center of titanium dioxide in China, after the announcement of the preliminary anti-dumping duty rate, the export orders of titanium dioxide enterprises began to weaken, and domestic enterprises are also actively responding. It is reported that under the influence of the tax rate, Longbai Group and other companies have made decisions to transfer the export share to Europe to other countries. With the continuous expansion of China's titanium dioxide production capacity, the global production capacity share continues to increase. Export will definitely be an important path to increase the domestic titanium dioxide production capacity. Although the export pressure will increase significantly in the short term, the titanium dioxide export market will continue to maintain a growth trend in the long run.
