19 August 2009 10:53 [Source: ICIS news]
Correction: In the ICIS news story headlined "UK's Huntsman proposes $150/tonne hike in Asia TiO2" dated 19 August 2009, please read the headline as "US' Huntsman..." instead of "UK's Huntsman..." Also, please read in the first paragraph ...US titanium dioxide (TiO2) producer... instead of ...UK titanium dioxide (TiO2) producer.... A corrected story follows.
SINGAPORE (ICIS news)--US titanium dioxide (TiO2) producer Huntsman Corporation announced on Wednesday its second price hike in two months for its products sold in Asia.
TiO2 prices in the Asia-Pacific region would increase by $150/tonne (€107/tonne) effective 1 September, subject to contractual obligations, the company said in a statement.
In early June, the company had proposed a hike of $100/tonne, effective 1 July.
TiO2 producers attribute the price increase to recovering demand, tight supplies and their need for better margins.
($1 = €0.71)
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