Due to rumor that the world's largest titanium dioxide producer has recently increased prices sharply, *ST Tibai and Ananda's share price rose sharply for three consecutive days. * ST titanium dioxide has been a daily limit for 3 days, and Annada’s cumulative gain of up to 27% over the last 3 days. Today, the two companies separately disclosed an announcement of unusually volatile stock prices, explaining the impact of the price of titanium dioxide products, but the views differed.
*ST Titanium indicates that it has been confirmed that the price of titanium dioxide in China has gradually stabilized since the beginning of this year. At present, the price of the company's products will not increase substantially, but the company will produce the main raw material titanium Mine and ** prices are still rising. The subtext seems to be that the company is not only difficult to enjoy the price increase, but also seems to face the pressure of rising costs.
Annada is much more optimistic. The company stated that since the beginning of this year, due to the increase in prices of major raw materials and the increase in product demand, the company’s product sales prices have increased significantly compared with the previous year. To this end, Annada raised its net profit in the first half of the year to 60% to 110%.
*ST Titanium indicates that it has been confirmed that the price of titanium dioxide in China has gradually stabilized since the beginning of this year. At present, the price of the company's products will not increase substantially, but the company will produce the main raw material titanium Mine and ** prices are still rising. The subtext seems to be that the company is not only difficult to enjoy the price increase, but also seems to face the pressure of rising costs.
Annada is much more optimistic. The company stated that since the beginning of this year, due to the increase in prices of major raw materials and the increase in product demand, the company’s product sales prices have increased significantly compared with the previous year. To this end, Annada raised its net profit in the first half of the year to 60% to 110%.