China Titanium Dioxide Output In May And Forecast For June

SHANGHAI, Jun 15 (SMM) –SMM data showed that China's titanium dioxide output stood at 300,000 mt in May, down 10.7% MoM and 10.7% YoY. From January to May, the output totalled 1.61 million mt, a drop of 3.2% YoY.

End-use demand shrank sharply in May due to high temperature, weighing down titanium dioxide prices and eroding producers’ profits. Some titanium dioxide producers cut output so as to alleviate their inventory pressure.

According to the current production schedules, China's titanium dioxide output is estimated to drop further to 280,000 mt in June.

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