SMM Analysis On China September Titanium Dioxide Production And October Forecast

According to SMM data, China's titanium dioxide production slightly decreased MoM in September 2024. Production in most regions declined due to market situations, raw material costs, and environmental protection inspections. Companies faced significant pressure and slightly reduced their operating rates.

September marked the traditional peak season, but due to weak demand, the market remained in a downward trend with significant shipment pressure. Some manufacturers reduced or halted production, leading to decreased operating rates. Demand in October is expected to remain sluggish, with a pronounced supply-demand mismatch. Early October saw leading companies lowering prices, further weakening market prices. Additionally, the potential announcement of anti-dumping duties from India and Brazil in October adds competitive pressure to the titanium dioxide market, with strong market sentiment of caution. It is expected that titanium dioxide production will continue to slightly decrease in October.