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.

More popular news

Manufacturing PMI In Euro Zone And Germany Both Pick Up, But Still In Contraction Territory

Commerzbank Sees Higher Oil Prices, Citing Significantly Tightening Market  

Steel Scrap Prices Bottomed Out In Late May After Headwinds In Ferrous Metals Market Were Priced In, Wild Price Movement Will Be Monitored In June

ANZ Bank Is Bearish Towards Iron Ore Prices, Citing Four Big Headwinds In China, Including Real Estate Downturn

Goldman Sachs Sees OPEC+ Meeting As "Moderately Bullish" As Saudi Move Could Offset Some Downside Risks

Vale Is Advancing Huge Investment, Betting On Strong Demand For High-Grade Iron Ore

South China Battles Power Crisis, The Worst This Year

Aluminium Ingot Inventories In China Fall To Alarmingly Low Level

China’s Steel Exports Jumped, In Contrast To Falling Exports Of Unwrought Aluminium &Aluminium Semis And Rare Earth

Fitch: Global Trade Is Slowing Sharply And May Grow Only 1.9% This Year

RMB Assets Are More Competitive In The Medium And Long Run Amid Cyclical Global Financial Downturn, Director Of China’s State Administration Of Foreign Exchange Says

China Is Confident, Capable and Qualified to Achieve GDP and Other Goals Set at the "Two Sessions" and YoY Growth Rate of CPI Will Recover to Above 1% by December, Governor of China’s Central Bank Says

Oil Price Downturn To Reverse? Saudi Arabia "Declares War" On Bears, Bulls Betting On $100/barrel

Yunnan Likely To Issue Specific Power Load Distribution Notice To Local Aluminium Smelters, Bringing Hope To Partial Restarts Of Nearly 2 Million Mt Of Idled Capacity

Goldman Sachs and Citibank Cuts Iron Ore Price Forecast, with the Former Citing Surplus Steel in China and Slower Recovery of Property Sales