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 ?xml:namespace>
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)
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