In July 2023, China's Titanium Dioxide production reached 330900 tons, an increase of 3.05% month on month and 3.38% year-on-year; The cumulative production of titanium dioxide from January to July 2023 was 2.3064 million tons, a decrease of 2.92% year-on-year, and a decrease of 69400 tons in production.
In July, major factories reduced production, while production in Sichuan decreased. Other manufacturers in the market started operating their devices, while production in Shandong, Henan and other regions increased. Overall titanium dioxide production increased slightly in July.
The top three regions in July were Sichuan, Henan, and Shandong, accounting for 21%, 15%, and 15% of the total production respectively;
The production of chlorinated titanium dioxide in July was 44800 tons, and the cumulative production of chlorinated titanium dioxide from January to July 2023 was 348700 tons, a year-on-year increase of 5.06%.
Due to excessive inventory reduction by manufacturers, coupled with rising raw material costs and high titanium dioxide costs, the titanium dioxide market experienced a price surge in late July. According to Tu Duoduo's data, as of the time of publication, the market price had accumulated around 1000 yuan/ton compared to the low point in early July; At present, the inventory of manufacturers is low, the market supply is tight, and due to the impact of high cost prices, the quotation of titanium dioxide enterprises remains firm. Manufacturers have a large number of orders in hand, and some manufacturers have started construction in August and increased production. Moreover, the equipment of major factories in Southwest China has returned to normal, and the production of titanium dioxide powder will increase in August.
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