China Nuclear Titanium Dioxide's performance surges in the first half of the year, layout of lithium iron phosphate, building a green recycling industry chain

In the first half of this year, benefiting from the high prosperity of the industry, the leading domestic titanium dioxide China Nuclear Titanium Dioxide China Nuclear Titanium Dioxide (002145.
SZ) handed over a satisfactory answer to the capital market
.
According to data, in the first half of this year, CNNC's titanium dioxide performance has increased significantly.
The main business income of CNNC's titanium dioxide was 2.
610 billion yuan, a year-on-year increase of 59.
36%.
Profit
.
At the same time, the company's profitability has been greatly improved, with a gross profit margin of 38.
30% in the
first half of the year , a year-on-year increase of 7.
90% .
Cost efficiency and improve profitability in the first half alone gross tons over 6000 yuanThe reasons for the growth performance, the nuclear titanium dioxide , said the main raw material titanium, sulfuric acid prices continued to rise upstream and downstream of continued strong demand for the company's main products resulting titanium white powder Prices continued to rise, and the sales price of China Nuclear Titanium Dioxide in the first half of the year was at the highest level in the industry .
  Specifically, the data shows that in the first half of this year, the prices of titanium concentrate and sulfuric acid have risen all the way.
As of June 30, the ex-factory price of titanium concentrate (Pan 46) has reached 2405 yuan/ton, and sulfuric acid (98%) is ex-factory.
The price has also risen to 720 yuan/ton .
  The continuous increase in the price of raw materials combined with the continued strong demand for downstream replenishment has caused titanium dioxide manufacturers to frequently send letters to increase prices, and the price of titanium dioxide continues to rise .
Data show that as of June 30, the domestic spot price of rutile titanium dioxide has risen to 20,400 yuan/ton, a 26.
71% increase from 16,100 yuan/ton at the beginning of the year .
  



  In this context, CNNC Titanium Dioxide relies on the unique low-priced titanium ore in Xinjiang and the subsequent expansion of titanium dioxide production and location advantages of the production base, which greatly reduces production costs and improves profitability
.
“The price advantage of Xinjiang Mine has brought a very obvious room for cost reduction.
At the same time, the by-product sulfuric acid supplied by subsidiary Dongfang Titanium, relying on the supporting enterprises in the park, has a great cost advantage over the market,” said Han Yuchen, Secretary of the Board of Directors of China Nuclear Titanium Dioxide
.
  At the same time, he also pointed out that the increase in profitability of the titanium dioxide industry mainly relies on cost control and product quality
.
CNNC Titanium Dioxide continues to reduce product production costs through its extension to the upstream of the industrial chain and cost control in the production process, further improves product performance indicators through increased R&D investment, and continuously launches customized products to improve overall profitability
.
In the context of the current high raw material prices, the cost advantage of China Nuclear Titanium Dioxide will be further highlighted
.
  When talking about the operating situation in the second half of the year, the company said that the price of the main raw material of titanium dioxide is expected to remain relatively high in the second half of the year
.
Driven by cost, the market price of titanium dioxide should remain at a relatively high level, and maintain an optimistic attitude towards the market outlook
.
Building the four advantages of a closed-loop green industrial chain to lay the foundation for growth   In addition to CNNC Titanium Dioxide's operation in the first half of the year, Han Yuchen also highlighted the green circular industrial economy of CNNC Titanium Dioxide at the meeting .
  With the tightening of environmental protection policies, sulfuric acid titanium dioxide, as a restricted project, is currently not allowed to have new production capacity, and the overall entry barrier is getting higher and higher .
In this context, the concentration of the industry will continue to increase .
The sulfuric acid titanium dioxide that realizes the clean production process has a large overall profit margin and has a sustainable development prospect.
This is also an important reason for China Nuclear Titanium Dioxide to build a circular economy system .
  It is reported that during the "14th Five-Year Plan" period, China Nuclear Titanium  



The strategic approach of the company focuses on the four major business sectors of "resources, titanium chemical industry, new materials, and new energy".
The circular economy is closely related to the three major sectors of titanium chemical industry, new materials and new energy
.
  The circular economy is designed and implemented with Dongfang Titanium, a wholly-owned subsidiary of CNNC Titanium Dioxide, as the main body of implementation
.
  Among them, "vertical improvement" refers to the vertical extension of the finished product production line (recycled titanium dioxide deep processing project) based on the existing crude titanium dioxide production capacity, and a moderate increase in crude product production capacity (resource comprehensive utilization project) to increase the main product titanium dioxide The added value and profitability of white powder;   "horizontal recycling" is based on the by-products (ie waste sulfuric acid, ferrous sulfate, etc.
) in the production of titanium dioxide
.
"Water-soluble monoammonium phosphate (water-soluble fertilizer) resource recycling project" is the part of "waste acid recycling", which can absorb waste sulfuric acid and acidic wastewater in the production of titanium dioxide, as well as liquid ammonia in the industrial park; "annual production of 500,000 The "ton of lithium iron phosphate project" is part of the "ferrous cycle", that is, the product of the aforementioned "waste acid cycle", the water-soluble monoammonium phosphate reacts with ferrous sulfate in the production process of titanium dioxide to produce iron phosphate, and then use iron phosphate and lithium carbonate.
Lithium iron phosphate is obtained by mixing coarse grinding, fine grinding, spray drying, sintering, pulverizing and other processes with organic carbon source
.
  "At present, the circular economy of China Nuclear Power Titanium Dioxide is divided into 4 projects for investment and planning.
Two of these projects are the titanium chemical sector, that is, the expansion of titanium dioxide, and the other two are phosphorus chemical projects, that is, water-soluble monoammonium phosphate.
Water-soluble fertilizer and lithium iron phosphate
.
" Han Yuchen pointed out
.
  Regarding the progress of the project, the company stated that the titanium dioxide expansion project has started construction.
Among the two phosphorus chemical projects, the 500,000 tons of monoammonium phosphate project has recently received environmental assessment approval, and the lithium iron phosphate project has just passed the expert review meeting.
, And relevant approvals can be obtained after the normal implementation of the administrative examination and approval process
.
  "Through the development of a circular economy, not only can the clean production of the existing main business of sulfuric acid titanium dioxide be realized, but also the manufacturing cost of titanium dioxide can be effectively reduced, and the by-product waste acid and ferrous sulfate can be efficiently and value-added.
The circular economy will also form a power battery.
The final product based on cathode materials lays the foundation for subsequent sustainable development and the improvement of profitability
.
" Han Yuchen said
.