Baoji Lyne Metals Co.,Ltd

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The impact of the Covid-19 epidemic on the titanium industry and enterprises

Author : jason Date : 4/23/2020 10:43:24 PM
 
The impact of the Covid-19 epidemic on the titanium industry and enterprises

 

The Covid-19 that are circulating worldwide not only make people in many countries unable to live normally, but also have a huge impact on many companies. Among these companies,
the aviation service industry has been the most affected. Due to the precipitous decrease in the flow of people and the rapid decrease in demand for aviation, many aviation-related companies are on the verge of danger.

Titanium alloy is an indispensable important material in aircraft manufacturing. This alloy has the advantages of light weight and high heat resistance. It can be applied to key components of aviation platforms and can greatly improve the performance of aviation platforms. Therefore, titanium alloy has always been the product people are pursuing. Due to the pandemic of the Covid-19, the demand for air travel has dropped by 10 times. The demand for new aircraft has dropped sharply. This has led to a sharp decrease in demand for titanium alloy materials.
This will bring huge pressure to production enterprises.


Therefore, enterprises should prepare a plan to cope with future pressure

 

From the current situation, in the next few months, enterprises in the industry will face pressure from different previous years. This pressure comes from domestic and foreign markets,
and it is difficult to solve by the power of enterprises alone. The international market is obvious. With the spread of the epidemic around the world, the return of foreign customers in
March and the substantial reduction in new orders will continue to exist, and the impact will continue to deepen.

 

Judging from the current situation, the personnel control policies of major European and American countries will not be implemented until at least early May. From the perspective of
the prevention and control situation in several major Western countries such as the United States, Britain, and France, the epidemic situation may not It improved as expected.
In addition, after the epidemic situation improves, it will take some time for enterprises and personnel to return to normal. In the next 2 months, foreign orders will be at a low point.
Although the domestic epidemic is under control and most enterprises have begun to resume work, downstream demand has not improved. Due to insufficient orders after resumption of work,
many companies were forced to reduce or even stop production. As far as the titanium industry is concerned, domestic demand for titanium dioxide and civilian titanium products has not yet recovered.
If the output is not adjusted according to the order quantity, the company's inventory pressure will continue to increase.

At an online exchange meeting in early March, many people thought that the improvement of the domestic epidemic situation would gradually recover the market, but this judgment seems to be premature.
The slow recovery of domestic demand and the outbreak of foreign diseases have led to a slump in external demand for a period of time in the future. Therefore, in the next two or three months,
China's titanium enterprises will still face greater pressure. Arranging purchases, production and required personnel according to orders, to ensure that the cash flow of the enterprise survives
the trough period, or will be the primary consideration of most enterprises.



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