Tronox proposes $50/tonne hike in Asia TiO2

09 June 2009 04:01  [Source: ICIS news]

SINGAPORE (ICIS news)--US-based Tronox Incorporated, among the world’s largest titanium dioxide producers (TiO2), has announced a price increase for its products sold in Asia and Latin America.

TiO2 prices in Asia Pacific and Latin America would increase by $50/tonne (€35/tonne) and $100/tonne respectively, effective July 1, 2009, the company said in a press statement late on Monday.

The company is the third producer to publicly announce a price hike in Asia. DuPont Titanium Technologies announced a $50/tonne price increase last week while Kronos proposed a $100/tonne price increase two weeks ago.

Tronox said recovering TiO2 demand and the need for better margins were behind the price increase.

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By: Ng Hun Wei
+65 6780 4359

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