According to the first-quarter earnings report released by Baotou, the company's first-quarter operating income of 1.584 billion yuan, an increase of 30.18%, net profit of 193 million yuan, an increase of 100.99%. Most of the other titanium producers in Baoji are also producing at full capacity so far this year but affected by the epidemic, enterprises are polarized, with large enterprises experiencing better sales and profit growth and tiny enterprises having difficulty surviving.
Titanium market supply and demand are strong, but the purchase and transportation of titanium sponges are affected to a certain extent, some small enterprises reflect the titanium sponge is difficult to purchase, and the next step in production caused a greater impact. Titanium ore prices fell back, the market is cold. Titanium dioxide market chaos, transportation pressure, and prices fell. Titanium sponge demand increased titanium tetrachloride high-level operation. Liquid chlorine price is extremely unstable, up and down. Domestic titanium sponge market oversupply, increased demand from downstream enterprises, but poor transportation, some tiny enterprises small purchase orders did not respond.
Baoji titanium production enterprises are at full capacity, affected by the transport of some raw materials and the finished product delivery is blocked, the delivery date is affected to some extent, titanium market prices have further increased.
