China's March titanium dioxide output and April forecast

China's titanium dioxide output stood at 390,000 mt in March, up 3.7% MoM and 17% YoY, SMM data showed.

In March, a traditional peak season for titanium dioxide, all manufacturers had a large number of orders on hand. Their gradual production resumption and newly added capacity from leading manufacturers pushed the titanium dioxide output upward.

In March, the titanium dioxide supply was relatively tight, so titanium dioxide manufacturers faced less inventory pressure. However, transactions in the downstream market were thin as downstream customers purchased mostly for essential needs. The third wave of titanium dioxide price hike was hard to be realised. Considering that titanium dioxide orders are scheduled until mid-to-late April, the current operation of titanium dioxide manufacturers remains stable at a high level. SMM expects titanium dioxide output in April to stay at 390,000 mt.