Kronos proposes second $100/tonne hike in Asia TiO2

30 June 2009 10:35  [Source: ICIS news]

SINGAPORE (ICIS news)--Kronos Worldwide, one of the world’s largest titanium dioxide producers (TiO2), has announced its second price increase in just over a month for its products sold in Asia.

TiO2 prices in the Asia-Pacific region would increase by $100/tonne (€71/tonne) effective August 1, a source close to the company said on Tuesday.

The last such announcement was in end-May when Kronos also proposed a price increment of $100/tonne. Several buyers have already accepted the last round of price increase, the source said.

Stronger TiO2 prices were being supported by recovering demand, tight supplies and the producers' need for better margins, he added.

($1 = €0.71)

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By: Ng Hun Wei
+65 6780 4359

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