DuPont hikes Asia TiO2 offers $200/tonne

29 August 2008 13:40  [Source: ICIS news]

SINGAPORE (ICIS news)--DuPont Titanium Technologies has proposed a $200/tonne price increase for titanium dioxide (TiO2) sold into Asia for the fifth time this year due to increased energy and services costs, the US-based company said.

Effective 15 September, or as permitted by contract, the hike is for all TiO2 grades in Asia, excluding China and Japan. Prices in China and Japan will increase by yuan (CNY) 2/kg ($0.29/kg) and yen (Y) 40/kg ($0.37/kg) respectively.

The increase is in addition to those implemented earlier and the two hikes announced in June, the company said.

“Demand for TiO2 remains strong,” said Ian Edwards, global business director of the company. "Higher raw material, energy and transportation costs continue to impact our manufacturing expenditures."

Buyers said the fifth consecutive price increase would be hard to pass on, despite strong demand, as they were already pressured by the earlier increases.

($1 = CNY6.83/$1=Y109.5)

For more on TiO2 visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Prema Viswanathan
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly