Titanium's Performance In The First Half Hit A Record High

Jul 25, 2019

According to the analysis of annual reports of titanium production enterprises in the first half of 2019, the performance of enterprises in the industry is generally good, with many enterprises reaching a record high. In the first half of the year, the net profit of titanium industry leader bao titanium company is estimated to be about 110 million yuan, which is about 76 million yuan higher than the same period of last year, or 223.53% higher than the same period of last year. Western materials in the first half of the gross margin also increased to 21.37%, at the same time high value-added products accounted for a large increase in revenue. The performance of titanium production enterprises is also transferred to the stock market. The board of science and technology innovation opened today, and the opening price of western superconductor rose 173.33% to 41 yuan, with a total market value of 17.65 billion yuan.

In terms of market, 2019 is the hottest year for titanium market in recent years. PTA project expands comprehensively, lianyungang shenghong refining and chemical integration project, xinfengming phase ii, fujian baihong, yisheng petrochemical, hengli petrochemical phase ii and zhejiang petrochemical phase ii successively enter the procurement stage, and the demand for titanium processing materials, especially titanium plate, belt and tube, explosively increases. Further improvement of environmental protection requirements, electric power, metallurgical fields with steady growth of titanium. Among them, the composite material used in power plant chimney, tube material used in heat exchanger and plate used in hydrometallurgy have all been greatly increased. Water treatment equipment enterprises are moving towards full titanium direction, becoming a new industry growth point.

With the increase of titanium sponge price and the substantial increase of downstream orders, most enterprises feel "life is better". Most enterprises have sufficient orders, overtime has become the norm. The processing orders of some processing enterprises in baoji have been arranged to October, and the material inventory of trading enterprises has been greatly reduced. It is expected that the domestic titanium market will continue to develop well in the second half of the year.