According to customs statistics, in December 2018, China's titanium dioxide imports were 13,905.98 tons, a decrease of 5.05% year-on-year and a decrease of 23.56%. The cumulative imports from January to December were approximately 209,200 tons, a decrease of 2.7% year-on-year.
In December 2018, the market for titanium dioxide was sluggish, and the overall market price fell by 62,446.31 tons of titanium dioxide in December 2018, a decrease of 29.16% year-on-year and a decrease of 10.77%.
The top three countries exported in December 2018 were India, Brazil, and South Korea, accounting for 11%, 10%, and 6% of total domestic exports. At present, the domestic export countries of titanium dioxide are still mainly based on developing countries, and the proportion of developed countries is increasing year by year.
With the improvement of our titanium dioxide quality and price advantage combined with the shrinking of foreign production capacity, China's titanium dioxide export volume has continued to record high in recent years. According to TDD data, the total export volume from January to December 2018 was about 907,200 tons, a year-on-year increase. 9.18%, the annual export volume reached a new high.
Now, near the Chinese Lunar Spring Festival plus the current low price of titanium dioxide market, some titanium dioxide manufacturers began to enter the maintenance control inventory in advance, the overall pressure on the market inventory is not large, it is expected that the price will be stable in the near future.