Resumen de Chinese results season: : Good news for TiO2 and soda ash, but refractories lose ground
Lomon Billions Group Co. adjusted its TiO2 prices upwards with immediate effect on April 25 due to short supply in China.
The company raised the domestic price of both sulphuric acid route and chloride route TiO2 by Chinese renminbi 700/tonne and moved exports prices up by $150/tonne.
On the same day the company said it expected its H1 net profit to surge year-on-year.
The price increase announcement is the first so far in Q2 after the company raised prices four time in Q1 alone.
Lomon saw sales turnover rise 27% in Q1 to Rmb 2.37bn while net profit rose to Rmb 585m up 3440.83% y-o-y.
