Impact of the EU's anti-dumping investigation on Chinese TiO2
Recently, the EU plans to impose a temporary tariff of up to 39.7% on titanium dioxide originating from China. Some industry experts believe that the impact of this incident on China is both favorable and unfavorable:
1. The implementation of an EU anti-dumping matter may have a certain demonstration effect. It may be followed by anti-dumping in other regions, forming various "encirclement and interception" of China's titanium dioxide exports, which is not a good thing for the overall supply side;
2. For customers in EU countries, this incident has aggravated the wait-and-see sentiment. It is not known whether to increase the volume of stock or wait and see the development of the incident. They will not be so active and decisive in deciding to implement the procurement plan, which is not a good thing;
3. Most anti-dumping is aimed at manufacturers, or products of a certain process of manufacturers. This incident may increase this part. It is difficult for manufacturers to export to the region, but it does not mean that there is no opportunity at all. It just consolidates the market position of other less-taxed manufacturers in the region and increases the opportunities for traders to ship. This may be a good thing to create diversification;
4. For manufacturers with inventory in EU countries, the existing inventory is extremely valuable. In some countries and regions, there may be a possibility of price increases first, which may be a good thing;
5. The domestic supply side can adopt decentralized exports, which may be a good thing to promote large-scale exports of titanium dioxide supply side;
6. This incident will not have any impact on China in the short term. For so many years, it has been a state of internal circulation in China, and the global market is huge, which has stimulated the potential to expand new markets. This may also be a good thing.
