Cristal Global adds 6 cent/lb to N America TiO2

30 June 2008 20:54  [Source: ICIS news]

HOUSTON (ICIS news)--Cristal Global on Monday announced it would seek an additional 6 cent/lb ($132/tonne, €83/tonne) price increase for its titanium dioxide (TiO2) products, effective on 1 July, following a sector-wide effort to raise prices due to raw materials and freight costs.

“These increases are required to partially offset the unprecedented increases in raw material, energy and transportation costs which have severely impacted the profitability of our TiO2 business,” the company said in a statement.

The increase affects prices for all rutile and anatase Tiona and Cristal TiO2 products sold to all end-use markets in North America.

This latest hike is on top of price increases and paper-markets product surcharges announced on 4 June and 12 June, respectively, the company said.

TiO2 buyers in all segments of the market acknowledged upstream pressures faced by suppliers, but they continued to resist full increases, citing ongoing sluggish demand for architectural coatings and their own reluctance to pass along increases to their customers.

US contract prices for TiO2 were at 101-111 cents/lb, according to global chemical market intelligence service ICIS pricing.

Other TiO2 producers include DuPont, Kronos, Tronox and Huntsman.

($1 = €0.63)

For more on TiO2 visit ICIS chemical intelligence
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By: John Waggoner
+1 713 525 2653

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