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Longbai Group: At present, the main production lines, projects under construction and raw material import orders of the company's bases have not been affected by the power curtailment policy.

 Last Update: 2021-12-03
 Source: Internet
 Author: User

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On October 31st, an investor asked Longbai Group (002601).
Hello, Secretary of the Board of Directors.
Excuse me, the current state of the country’s power shortage has begun [power curtailment].
China’s industrial product supply-side reform will cause global industrial products in the short term.
Tight supply and reduced demand for raw materials will affect the demand for downstream orders for our company's export of titanium dioxide! Will it cause shrinking orders or oversupply! Is the company's original import order based on a single demand order or an annual batch order? Will it affect the annual target? In addition, due to the curtailment of electricity and production and Sino-US trade relations to resist inflation, the price of titanium dioxide/ton will continue to rise in the future, or it may be lowered! Thank you for responding to the
company's answer, A: Hello! Electricity and production restrictions will have a certain impact on the operating rate and demand of downstream industries, but overall export orders have remained at a stable level
.
At present, the company's production and operation are normal, and the main production lines, projects under construction, and raw material import orders of each base have not been affected by the power curtailment policy
.
The company will closely follow the price trend of titanium dioxide and the changes in supply and demand, and do a good job in adjusting the price of the company's products in a timely manner
.
Thanks!

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