According to SMM data, China's titanium dioxide output was 33,000 mt in December, down 1% MoM but up 17.7% YoY, bringing total output in from January to December 2023 up to 3.836 million mt, down 0.9% YoY.
Low Titanium dioxide was felt in a slack season. Responding to a rapid inventory hike, some titanium dioxide producers started carrying out maintenance. Titanium dioxide production dipped. Overseas buyers refilled stocks at bargain price tightened spot supply of titanium dioxide in December, leaving producers with no inventory pressure. Therefore, titanium dioxide makers may increase price. With forthcoming Lunar New Year, titanium dioxide producers may suspend production. SMM estimated titanium dioxide production at 320,000 mt in January 2024.
