SMM Analysis On China October Titanium Dioxide Production And November Forecast

Published: Nov 12, 2024 10:17

Source: SMM

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According to SMM data, China's titanium dioxide production in October 2024 decreased by 3.5% MoM.

According to SMM data, China's titanium dioxide production in October 2024 decreased by 3.5% MoM. The operating rate of titanium dioxide smelters in Panzhihua slightly declined due to inspections by the environmental protection inspection team. Additionally, demand in October was relatively sluggish, highlighting the supply-demand mismatch. With leading companies lowering prices at the beginning of October, market prices continued to weaken. Furthermore, with the potential announcement of anti-dumping duties by India and Brazil in October, competition in the titanium dioxide market intensified, and market sentiment was cautious. It is expected that titanium dioxide production in November will continue to decrease slightly.

In early November, the reduction in titanium dioxide prices made downstream orders more cautious, and market sentiment remained cautious. The pressure to deplete market inventory gradually increased. Due to the impact of anti-dumping duties, some export orders were temporarily delayed, leading to an increase in manufacturers' inventory. SMM expects that domestic titanium dioxide production in November will slightly decrease.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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