According to the latest data from the China Foreign Exchange Trading Center, on the 21st, the central parity of the RMB against the US dollar was reported at 6.7758, down 247 basis points from the previous trading day, and hitting a new low in six years. The devaluation of the RMB will drive strong export industries, including textile and apparel, Chemicals, among which the titanium dioxide industry has strong export data in the chemical sector. In August 2016, China imported 13,246.395 tons of titanium dioxide, a year-on-year decrease of 30.16% and a decrease of 33.50% compared with the previous period. The average import price was about 2635.04 U.S. dollars per ton. The top three import regions were Australia, the United States, and Germany; 2016, 1-8 Titanium dioxide total imports 121,640.32 tons, a year-on-year decrease of 13.36%. In August 2016, the export of titanium dioxide in China was 65,419.682 tons, an increase of 70.25% year-on-year, an increase of 2.91% from the previous month, and the average export price was about 1,738.36 USD per ton, of which the top three export countries were India, the United States, and South Korea; the top three export regions were Sichuan, Shandong and Jiangsu. From January to August 2016, the total export of titanium dioxide was 477,496.35 tons, an increase of 33.7% year-on-year.
In the afternoon of October 19, it was learned from Panzhihua Customs that the total value of foreign trade in Panzhihua City reached 380 million yuan in the third quarter, which was a 27% increase from the previous quarter, accounting for 42.7% of the total foreign trade value from January to September. Exports of major export commodities were 170 million yuan, up 10 times month-on-month; exports of titanium dioxide were 90 million yuan, a 50% increase from the previous quarter.
It is expected that the export of titanium dioxide in September will remain stable and may continue to rise.
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