SHANGHAI, Aug 16 (SMM) –
According to SMM data, China's titanium dioxide output reached 310,000 mt in July 2023, marking an 8.1% increase month-on-month, but a decline of 4.8% year-on-year. The total production for the first seven months of this year stood at 2.2 million mt, representing a year-on-year decrease of 5.3%.
July saw a positive trend in the operation of domestic titanium dioxide enterprises. Spurred by the fourth wave of price hikes within the country, these businesses exhibited high levels of operational zeal, and companies that had previously reduced production resumed full operations. Consequently, the aggregate output rose by 20,000 mt from the previous month. Considering the current operational conditions of titanium dioxide enterprises, market orders have seen a slight recovery month-on-month, with certain product types experiencing shortages. It is projected that the upward trend in domestic titanium dioxide production will persist into August, with an estimated output of around 320,000 mt.
