基础化工行业：钛矿企业供给分化，钛白粉企业经营改善－海外钛产业链跟踪

韩泰轮胎于 1941 年在韩国成立，经过 80 余年的发展，公司已经成为韩国第一、世界领先的轮 胎供应商，也是首个足以挑战欧美日轮胎厂商的亚洲公司。2024 年全球轮胎企业 75 强中，韩 泰以 66.4 亿美元的销售额位居全球第七。目前，韩泰在韩国、中国、美国、匈牙利、印度尼西 亚等地拥有 8 个生产基地、5 个技术研发中心，全球雇员超过 2.2 万人，年轮胎产能达 1.02 亿 条，生产的轮胎销往全球 160 个国家。韩泰作为轮胎市场的后来居上者，其成长历程具有学习 借鉴的价值，本篇报告将总结韩泰的成功路径，探讨中国轮胎龙头企业的成长潜能。

行业景气度仍在向下，钛白粉价格承压 根据卓创资讯数据，截至 11 月 29 日，钛白粉 11 月均价为 14448 元/吨，较 10 月均价下降 349 元/吨。主要由于供应面宽松依旧，需求 面环比下挫。 11 月钛矿均价下降、浓硫酸均价回升，价差继续下行 11 月钛矿均价较 10 月有下滑。根据百川盈孚数据，截至 11 月 30 日，攀枝花钛精矿(TiO2≥46%)11 月均价为 2057 元/吨，较 10 月均 价下降 100 元/吨，下降幅度 4.6%。根据卓创资讯数据，11 月浓硫酸 (98%)全国均价 436 元/吨，较上月上涨 18 元/吨，上涨幅度 4.3%。 价差继续下行，截至 2024 年 11 月 29 日，钛白粉价差为 7345 元/吨， 较上月末下跌 344 元/吨，下跌幅度 4.5%。

叶酸主流厂家集中停签停报，经销商报价大幅上涨 厂家方面:11 月 12 日晚间，叶酸主流厂家集中停签停报，停报 之前参考接单价在 175-180 元/公斤。经销商市场:由于前期市场对叶 酸交投情绪不高，促使整体市场叶酸库存量并不多，叠加叶酸主流厂 家集中停签停报消息刺激，经销商市场价格大幅快速上涨，短短一周 时间左右，部分报价上调至 430 元/公斤左右，主流成交价上涨至 320-350 元/公斤左右

供给:10 月涤纶长丝开工率、产量环比均有所提升 10 月中国涤纶长丝月度开工负荷率同比有所下降，环比显著提升。 根据卓创资讯数据，2024 年 10 月中国涤纶长丝月度开工率负荷率约为 87.95%，同比下降 1.78pct，环比提升 5.83pct。10 月中国涤纶长丝月度 产量为 394.66 万吨，同比增长 1.26%，环比增长 6.48%。

Methyl Diethanolamine Market Research Report Information By product type (Technical Grade, and Custom Formulations) By Application (Gas Treating, Fabric Treatment, Water Treatment, Coatings, Tobacco Products, and Others) and By Reg

Methyl Diethanolamine Market Research Report Information By product type (Technical Grade, and Custom Formulations) By Application (Gas Treating, Fabric Treatment, Water Treatment, Coatings, Tobacco Products, and Others) and By Reg

Organic pigment-colored substances are often derived from plants having pigment characteristics. Organic pigments are now made mostly from aromatic hydrocarbons. These are compounds made up of carbon atoms with hydrogen atoms attached that form closed rings. Organic colors are often more vibrant, stronger, and clear. It is a family of insoluble organic compounds with high coloring strength and attributes such as resistance to sunshine and floods, acid and alkali resistance, organic solvent resistance, heat resistance, and good dispersion.

Y-type zeolites are characterized by large spherical internal cavities and linked tetrahedrally through pore openings of about 0.8 nm and defined by rings of twelve oxygen atoms. Zeolites are synthetically produced crystalline aluminosilicates, which are activated to act as an adsorbent. The basic ingredients are silica and alumina. Zeolites are highly porous and adsorbent and have a high affinity for water and some other molecules.

Toothpaste is a paste or gel dentifrice used with a toothbrush to clean and maintain the aesthetics and teeth. It generally contains abrasives that aid in removing dental plaque and food from the teeth. Toothpastes assist in suppressing halitosis and deliver active ingredients (most commonly fluoride) to help prevent tooth decay (dental caries) and gum diseases such as gingivitis. Toothpaste is used to promote oral hygiene.