Hangzhou Harmony Chemical Co.,Ltd
Analysis of China's titanium dioxide production in July 2024

China's titanium dioxide production in July 2024 was 388,200 tons, a month-on-month decrease of 0.97%, and a year-on-year increase of 17.31%; from January to July 2024, the cumulative titanium dioxide production was 2.774 million tons, a year-on-year increase of 20.41%. %, the output increased by approximately 470,200 tons.

 

Titanium dioxide production decreased in July, and some manufacturers in Shandong, Sichuan and other regions underwent equipment maintenance. Although early maintenance companies basically resumed normal production, the overall domestic output still declined slightly.

The top three regions in terms of output in July were Sichuan, Anhui, and Henan, accounting for 21%, 14%, and 13% of the total output respectively;

In July, the output of chloride-based titanium dioxide was 51,400 tons, a year-on-year increase of 14.67%, and a month-on-month increase of 1.97%. The cumulative output of chloride-based titanium dioxide from January to July 2024 was 373,800 tons, a year-on-year increase of 7.22%.

Domestic demand is still weak, and demand from the coatings and papermaking industries has both weakened, while titanium dioxide production has maintained a growth trend, and the imbalance between market supply and demand has restricted the rise of market prices; the cost of raw materials and other materials is high, and some companies have also suffered price losses, putting greater pressure on corporate production; The overall market order situation weakened again in August, but supported by costs, market prices mostly remained strong. As maintenance companies resume production, output may rebound in August, but the overall market demand is weak, and companies are mostly in a wait-and-see state. , the titanium dioxide market is mainly about maintaining stability.


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