The three major A-share indices turned positive in the afternoon, with sectors such as Hainan Free Trade Zone, power grid equipment, titanium dioxide, and coal leading the gains. More than 3,000 stocks rose in the Shanghai, Shenzhen, and Beijing markets

LB Group: The company is actively exploring overseas strategies to accelerate its international layout

On October 31st, LB Group stated on the interactive platform that the company is actively exploring overseas strategies and accelerating its overseas layout

LB Group: Shareholder Tan Ruiqing extends the pledge of 0.29% of the company's shares

LB Group announced that the company's shareholder Tan Ruiqing has postponed the pledge of 0.29% of the company's shares, with a pledged amount of 7 million shares. After this pledge postponement, the total pledged shares by Tan Ruiqing account for 3.55% of his total shareholding and 0.29% of the company's total share capital. In addition, Tan Ruiqing has also released the pledge of 1 million shares of the company, accounting for 0.51% of his holdings and 0.04% of the company's total share capital

International oil prices may enter a downward cycle, with significant differentiation in the chemical industry sector

International oil prices may maintain a weak fluctuation trend in the fourth quarter, affected by OPEC+ production increases and the end of the consumption peak season. The chemical industry is currently in a cyclical low, with limited quarter-on-quarter improvement expected in the fourth quarter, but a slight increase compared to the same period last year. Sub-industry differentiation is intensifying, with agricultural chemicals, fluorochemicals, and electronic chemicals showing positive prospects due to policy support and demand growth, while titanium dioxide and vitamins face pressures from overcapacity and insufficient demand

Tianfeng Securities: In the context of anti-involution, focus on investment opportunities in the titanium dioxide industry

Tianfeng Securities released a research report indicating that the global titanium dioxide CR4 will be 44% in 2024, with major producers including LB Group. From January to August 2025, the average operating rate of domestic titanium dioxide was 70%. Under the pressure of exports and domestic demand, industry inventory rapidly accumulated, and prices significantly declined. It is recommended to pay attention to leading enterprises with integrated layouts, especially LB Group. China is the world's largest producer of titanium dioxide, accounting for 56% of global capacity, and industry policies impose requirements on energy consumption and processes. Domestic demand for titanium dioxide is strongly correlated with real estate, and there are still opportunities in external demand