According to statistics from Tuduo, China's titanium dioxide output in October 2023 was 400,300 tons, a month-on-month increase of 7.36%, and an increase of 28.01% year-on-year; the cumulative output of titanium dioxide from January to October 2023 was 3.4358 million tons, a year-on-year increase of 5.87%, and the output increased by approximately 190,500 tons.
In October, new production capacity in the titanium dioxide market was released, and manufacturers remained at full capacity, and titanium dioxide output continued to hit new highs.
The top three regions in October output were Sichuan, Shandong and Henan, accounting for 22%, 15%, and 12% of the total output respectively;
In October, the output of chlorinated titanium dioxide was 54,600 tons. The cumulative output of chlorinated titanium dioxide from January to October 2023 was 499,900 tons, a year-on-year increase of 21.20%.
As titanium dioxide manufacturers consume orders in hand, companies are under high shipping pressure. Coupled with the release of new market production capacity, the supply of titanium dioxide has increased, the inventory of some manufacturers has increased, and the market price of titanium dioxide has been adjusted; the downstream market is depressed, and the titanium dioxide market has a wait-and-see attitude. Strong, market prices have been negotiated, some manufacturers have stopped production in November, and the growth rate of market output may slow down.
