29 August 2008 23:51 [Source: ICIS news]
HOUSTON (ICIS news)--In a continued effort to recapture margins in healthier markets, US pigment makers DuPont and Tronox on Friday announced separate price increases for their titanium dioxide (TiO2) sold in Europe, Africa and the Middle East, effective 1 September.
Both Tronox and DuPont announced hikes of €50/tonne ($74/tonne) in all euro markets of North Africa and Central and ?xml:namespace>
DuPont also announced a hike of $120/tonne (€82/tonne) in the US dollar markets of
And Tronox announced an increase of $150/tonne (€102/tonne) in the Middle Eat, Africa and
But buyers said they were sympathetic, to a degree.
"Sellers are under the gun from a profitability standpoint," a North American buyer said. Beyond the weakness in the domestic housing market, he said, "summer is typically slow - especially in July and August."
A producer said this week, however, that business in
Domestic prices for North American TiO2 are 108-111 cents/lb FD (free delivered), according to data from global chemical market intelligence service ICIS pricing.
Other US TiO2 producers include Cristal Global, Huntsman and Kronos.
($1 = €0.68)
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