The merger of Henan Billions Chemicals Co. Ltd. (Henan Billions) and Sichuan Lomon Titanium Co. Ltd. (Lomon), two of China's largest TiO2 manufacturers, was affirmed on June 3, making Henan Billions by far the largest TiO2 manufacturer in China with an estimated production capacity of 560,000t/a, and the fourth-largest producer worldwide after DuPont, Cristal Global and Kronos.

 

According to CCM, a market intelligence firm that focuses on titanium dioxide (TiO2) in China, the merger will trigger a flood of M&A activity and price fluctuation in China’s TiO2 industry.

 

Latest titanium dioxide prices (including tax) in China:

Rutile titanium dioxide: 11,500-13,000 yuan/mt

Anatase titanium dioxide: 10,000-11,000 yuan/mt