Basic profile
（1）Capacity
China's titanium sponge titanium production capacity in 2020 will increase by 12.0% over 2019, reaching 177,000 tons.
According to the statistics of 33 titanium ingot manufacturers, the domestic production capacity of titanium ingots in 2020 will increase by 11.8% compared with 2019, reaching 199,000 tons.
(2) Output
The output of titanium concentrate was approximately 6.33 million tons, a year-on-year increase of 32.7%. The output of Panxi region was 5.11 million tons, accounting for 80.7% of the total domestic output; the imported titanium concentrate was 3.01 million tons, a year-on-year increase of 15.3%.
The production of sponge titanium is about 122,958t, which is 44.9% higher than the production in 2019 (84884t), achieving six consecutive years of growth.
The output of titanium ingots is approximately 119937t, an increase of 35.2% over 2019 (88704t).
The output of titanium processed materials was approximately 97,029 tons, an increase of 28.9% over 2019 (75,265 tons).
(3) Industrial structure
In 2020, the output of titanium and titanium alloy sheets increased by 47.5% year-on-year, accounting for 59.2% of the total output of titanium materials that year, of which the output of titanium strips and coils accounted for more than half; the output of bar materials increased by 16.9% year-on-year, accounting for about total 16.0% of the annual titanium output; the output of pipes decreased by 6.5% year-on-year, accounting for 9.8% of the annual titanium output; the output of forgings increased by 7.3% year-on-year, accounting for 5.8% of the annual titanium output; The output of titanium wire increased the most, reaching 55.5%, and other titanium products also increased by 11.2% year-on-year.
(4) Market
The total sales volume of sponge titanium was 122958t, the net export was minus 4175t, and the domestic sales volume was 127133t, an increase of 39.7% year-on-year.
The total sales volume of titanium materials was 93596t, the net export volume was 9107t, and the domestic sales volume was 84489t, an increase of 50.7% year-on-year.
Economic operation analysis
(1) Policy environment analysis
The "New Materials Development Guide" puts forward that: the overall supply of advanced basic materials (including titanium alloys) will be stable, and the comprehensive support capacity of key strategic materials will exceed 70%.
Titanium and titanium alloy materials are included in the "2019 Industrial Structure Adjustment Catalog" issued by the National Development and Reform Commission.
(2) Analysis of industrial structure adjustment
In 2020, my country's sponge titanium industry will usher in a period of explosive growth after nearly 10 years of industrial restructuring.
In 2020, the structural adjustment of my country’s titanium industry has achieved initial results. It has shifted from the past low-end chemical, metallurgical, and salt-making industries to the mid- and high-end military, PTA, and offshore engineering industries. The industry’s profits are gradually increasing. The shift to high-end areas with military industry as the main demand.
(3) Economic situation analysis
In 2020, Chinese titanium companies have withstood the adverse effects of the global epidemic and continue to move forward. It is prominently manifested in the domestic large-scale titanium smelting and processing leading enterprises and second-line backbone enterprises. Through years of technological innovation and market development, they have achieved gratifying market share and performance growth in various fields. my country's titanium industry has no matter in terms of production capacity, output and net profit. In other aspects, they have reached the best level in ten years.
Under the guidance of national strategies such as the “One Belt, One Road” initiative and military-civilian integration, China's titanium industry has risen to a higher level and developed rapidly. The demand for titanium in the mid-to-high-end sector has accelerated its growth momentum, with an average increase of more than 20%.
(4) Analysis of market supply and demand and consumption
Under the current background that the country encourages technological innovation and internal circulation, the domestic demand for titanium materials in 2020 has increased significantly by 50.7% compared with 2019. Except for the amount of titanium used in the medical industry, which was slightly affected by the epidemic, all other industries had a certain year-on-year growth.
Overall, due to the demand for new expansion projects in the chemical industry (PTA), the demand for titanium materials increased the most (1223t), followed by aerospace (4628t), marine engineering (4078t), ships (988t) and electric power (525t). ).
Outstanding problems and countermeasures
(1) At present, the raw materials for titanium sponge production mainly rely on imports. With the rapid growth in demand for aviation-grade titanium sponge, the military industry has put forward higher requirements for the stable supply and quality of raw materials.
(2) Mining, dressing and smelting technology needs to be improved
(3) The quality of titanium processed materials needs to be improved
(4) The production process is backward
(5) High technical barriers
Nicole
