China Titanium dioxide output in October and forecast for November

According to SMM data, China's titanium dioxide output was up 13.8% MoM and 8.9% YoY at 339,000 mt in October, bringing total output in the first ten months of 2023 up to 3.169 million mt, down 1.2% YoY.

October saw slower shipment of titanium dioxide. However, as leading producers solved production lines in September, titanium dioxide production in China increased, while a slack demand season arrived. Titanium dioxide producer kept prices firm, while downstream sectors are less willing to accept high-priced titanium dioxide. The orders signed by titanium dioxide producers are about to be delivered. Some producers were pessimistic about the market outlook. Under this circumstance, there was scheduled maintenance of some titanium dioxide producers in Panxi, Sichuan. It is expected that a total titanium dioxide production in November will shrink to about 320,000 mt.