SHANGHAI, Oct 13 (SMM) –
According to SMM data, China’s titanium dioxide production in September was 300,000 mt, with a decrease of 9.2% MoM and a 6.0% increase YoY. The cumulative production reached 2.83 million mt, down 2.3% YoY.
As the sixth wave of price hikes occurred in late September, a stalemate situation emerged between sellers and buyers. Downstream markets showed a lower willingness to accept higher titanium dioxide prices. Titanium dioxide companies shifted their focus to fulfilling early orders, and new order volumes were limited. Some companies in the industry held a pessimistic view of the future market. Under the influence of this sentiment, some titanium dioxide companies slightly reduced production, coupled with the reduction in output from leading enterprises, resulting in a slight decrease in total titanium dioxide production in September. Industry insiders indicate that there is currently a shortage of spot titanium dioxide in the market, and some companies are prioritizing order shipment. Based on the current operating conditions of companies, it is estimated that titanium dioxide production will maintain growth in October, reaching approximately 320,000 mt.
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