Anning Shares (002978.SZ): The growth on the supply side is lower than the growth on the demand side, the supply of titanium ore is tight, and the price of titanium concentrate is expected to remain prosperous
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May 24, 2023, 9:34 AM Anning Co., Ltd.(002978.SZ) accepted an institutional survey on May 19, 2023. During the communication, questions were raised on "What are the future expectations of the company's products?"
The company replied that 1. Titanium concentrate
Demand side: China's titanium dioxide market will recover in 2023, and overseas, especially Southeast Asia and South Asia, will see good growth. At the same time, the consumption of sponge titanium is also increasing year by year.
Supply side: Due to limited resources, there have been basically no new large-scale greenfield mines in recent years. The increase on the supply side is limited, and the inventory of titanium concentrate in upstream and downstream enterprises is low.
The growth on the supply side is lower than the growth on the demand side, the supply of titanium ore is tight, and the price of titanium concentrate is expected to remain prosperous.
2. Vanadium-titanium iron concentrate
In 2022, due to the impact of the general environment and the implementation of the national macroeconomic boost policy failed to meet expectations, real estate and planned infrastructure projects started less than expected, and the price of vanadium-titanium iron concentrate was at historically low levels. It is expected that the market environment will gradually pick up this year, and the current price of vanadium-titanium iron concentrate has recovered compared with the fourth quarter of 2022.