Himfr Reports Ferric Oxide Demand Boom

2010-09-02 21:30 985
    BEIJING, Sept. 2 /PRNewswire-Asia/ --, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports on the ferric oxide demand boom.
    Himfr reports that with the world economy gradually regaining its strength, international market demand has also gradually restored, while domestic demand increase is strong. In the first half year of 2010, ferric oxide import and export growth rate is better than expected. 
    Himfr analyzes that 2010 was a very good year for China's ferric oxide industry development.  In 2010's first half, the ferric oxide foreign trade situation is better than expected. The Chinese government control policies benefited the construction industry, promoting the domestic demand expansion, leading the ferric oxide industry into a surge in the first half year. The ferric oxide industry production sales volume greatly increased. Domestic sales and exports enjoyed 60% and 70% growth rates.
    Ferric oxide products are mainly used for building materials and industrial coatings, in which the largest export market is in overseas developed areas. Himfr thinks that ferric oxide product's general trade exports accounted for more than 98% of the total export. General trade is different from the processing trade, as export enterprises are mainly the local enterprises, while the main raw materials are also domestic, which mainly reflects on domestic enterprises export level and ability to change situations, which is good for the future optimisation of China's trade structure. 
    Mid- and top-grade ferric oxide pigments are currently the main product for developed countries. China's ferric oxide enterprises should therefore have a strong competitive advantage, as long as the variety and quality conform to international standards, meaning export prospects should be very good. 
    Himfr predicts that in the second half year of 2010, the market situation can be improved further still. The global construction chemicals product consumption volume will increase 2% to 4%, but specific growth will depend on the different areas of the construction market recovery effort or building material costs. This growth will pull China's ferric oxide industry development.
    In addition, expanding domestic demand will become ferric oxides main consumption market. 

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Keywords: Mining/Metals Retail