Analysis of China's Titanium Dioxide Production in June 2023

In June 2023, China's titanium dioxide production reached 321100 tons, a decrease of 7.13% month on month and 4.48% year-on-year; The cumulative production of titanium dioxide from January to June 2023 was 2.0557 million tons, a decrease of 3.95% year-on-year, and a decrease of 81300 tons in production.

In June, the production of large factories increased and decreased, but due to the weak market, the production of small factories ceased, resulting in a slight decline in market production; In July, some units of the large factory were discontinued, and market production will further decrease.

The top three regions in terms of production in June were Sichuan, Henan, and Shandong, accounting for 23%, 15%, and 13% of the total production, respectively;

In June, the output of Chloride process titanium dioxide was 47700 tons, and from January to June 2023, the cumulative output of Chloride process titanium dioxide was 311700 tons, with a year-on-year growth of 8.11%.

In the off-season of the market, the market was operating in a weak state in June. In early July, some companies' new order prices were further lowered, resulting in weaker terminal demand. It was difficult for the titanium dioxide market to increase demand, and market supply continued to decrease; Due to the high cost price, there is little room for a decrease in titanium dioxide prices, and the market production in July will also decline again. The titanium dioxide market may be weak and maintain stable operation.

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