China Becomes Titanium Dioxide Export Giant

It is understood that real estate data continued to be sluggish in November, especially as real estate investment accelerated, and sales may slow down significantly next year. Under the new normal, the role of the real estate industry should be transformed from "engine" to "stabilizer."

In the future, real estate developers should be encouraged to transform themselves into city operators, actively nurture new industries, and help improve the quality and efficiency of the urban economy. The illusion that real estate is returning to the "golden age" and continuing to make money is thrown away.

In just a few years, China has transformed from a major net importer of titanium dioxide into an export giant. During the period of rapid development of the world economy, the shortage of titanium dioxide led to soaring prices and excess profits, and since 2012, the huge inventory of titanium dioxide and excess production capacity caused both prices and profits to collapse.

The global financial crisis and the explosive growth of China's titanium dioxide production capacity have aggravated the rise and fall of the industry. With the slowdown of the domestic economic growth, the market price of titanium dioxide has continued to decline since last year, facing a weak market demand and a declining environment. Under severe pressure, domestic titanium dioxide companies have no profit or even lose profits. The titanium white industry has no "profit" and returns to the "golden age". Micro profit is the new normal.

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